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Delaware Tax Loophole

NPR | By Allison Aubrey
Published June 12, 2003 at 12:00 AM EDT

For decades, Delaware has been a tax haven for businesses. Many firms pay next to nothing in state taxes simply by registering key subsidiaries there. But now the system is under attack by states facing budget deficits. NPR's Allison Aubrey reports.

Copyright 2003 NPR
Allison Aubrey
Allison Aubrey is a Washington-based correspondent for NPR News, where her stories can be heard on Morning Edition and All Things Considered. She has reported extensively on the coronavirus pandemic since it began, providing near-daily coverage of new developments and effects. She's also a contributor to the PBS NewsHour and is one of the hosts of NPR's Life Kit.