Ukrainian Law Blog
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Wednesday, July 19, 2017
State Tax Update for Delaware Corporations
While the State of Delaware has numerous attractive aspects for entities that incorporate there (a flexible corporation statute, the well-respected Court of Chancery, a legislature that prioritizes the stability of Delaware’s business laws), Delaware’s corporate franchise tax can be an unexpected burden. On July 2, Delaware Governor John Carney signed a budget bill for Fiscal Year 2018 that includes a provision making Delaware’s corporate franchise tax even more burdensome.
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