According to Wikipedia: Delaware charges no income tax on corporations not operating within the state, so taking advantage of Delaware’s other benefits does not result in taxation. At the same time, Delaware has a particularly aggressive tax on banks that locate in the state. However, in general, the state is viewed as a positive location for corporate tax purposes because favorable laws of incorporation allow companies to minimize corporate expenditures.
Delaware is the state where a bunch of companies are legally but not physically headquartered, ro evade state taxes and regulations.
States need to rethink their tax laws for companies: If you do business here, you pay taxes here.
My former employer was a Delaware corporation, the company still has to pay our state taxes.
According to Wikipedia: Delaware charges no income tax on corporations not operating within the state, so taking advantage of Delaware’s other benefits does not result in taxation. At the same time, Delaware has a particularly aggressive tax on banks that locate in the state. However, in general, the state is viewed as a positive location for corporate tax purposes because favorable laws of incorporation allow companies to minimize corporate expenditures.
So, yeah, I was oversimplifying.
deleted by creator