Musk vs. Delaware #shorts #elonmusk #finance #taxheaven
Channel: Amateur Money
Date: 2024-02-29

Elon Musk wages war against Delaware, the so-called "world capital of ghost companies," urging businesses to avoid registering there. Despite hosting over 60% of Fortune 500 companies due to favorable laws, Delaware's reputation is tarnished by its use for anonymous company registrations, aiding illicit activities worldwide. This controversy escalates as the U.S. Corporate Transparency Act aims to unveil the owners behind these shadowy entities. Will this new law challenge Delaware's status as a financial haven, or will its allure for businesses prevail? Musk's defiance and legal reforms signal a pivotal moment for corporate America.