Delaware and the Cayman Islands have sort of morphed over time from tax havens to places that have professional, efficient, and fair courts for corporation v corporation situations.
Not saying that’s good. I think it’s trash, actually. But there’s now legitimate reasons two equal corporations doing something without any tax implications whatsoever write contracts with each other agreeing the contracts will fall under one of those two jurisdictions. Every corporate lawyer can probably back me up. They went from shameful tax havens to just efficient places with expertise.
Delaware and the Cayman Islands have sort of morphed over time from tax havens to places that have professional, efficient, and fair courts for corporation v corporation situations.
Not saying that’s good. I think it’s trash, actually. But there’s now legitimate reasons two equal corporations doing something without any tax implications whatsoever write contracts with each other agreeing the contracts will fall under one of those two jurisdictions. Every corporate lawyer can probably back me up. They went from shameful tax havens to just efficient places with expertise.