Comedic skit explaining shell companiesfrom @npr

Transcript

So you're trying to hide your assets from the US government because you robbed a better tier? Allegedly. No, yeah, I need, like, a Swiss bank account or, like, a No box in The Bahamas. No. I got a better hiding place. Deep in the deciduous worst of Delaware. The Joe Biden place? Easiest place in the world to register a company anonymously is definitely Tier United States. It'll register your own shell company in Delaware. It takes about the same amount of time as setting up an email account. Then it's virtually impossible for tax authorities or law enforcement to tell who owns it. Virtually impossible. Alright. We can double down on security, and we'll take your Delaware company and go register another shell company in another LAX state like Wyoming. Like one sweater on top of another sweater. It's called layered ownership. And these companies can own property tier lease an aircraft or set up an offshore bank account. They're kinda legally people. This is all legal? Well, there's no. There's nothing illegal about setting up a company or two, better you use those companies to launder money or evade taxes, that's less legal. Why is Delaware being so cool? If the state registers quite a few companies, they get to collect quite a few fees and taxes. About 80% of publicly traded companies are registered in Delaware. They're not coming for that anonymity thing. Delaware's got other perks. The state's courts are really business friendly and fast with special judges who are experts in business law and no jury who you good have to explain business law to. Also, the state has a big tax loophole. It doesn't tax intellectual property. So allegedly, companies funnel that into Delaware. On that note, note, my bill. Do you wanna do like cash or credit? Do do you take sweaters?