Comment on Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas
Voroxpete@sh.itjust.works 11 months agoThis has nothing to do with physical locality.
It’s because he lost a shareholder lawsuit over his exorbitant compensation package, and he’s being a whiny salty baby about it.
To be clear, Tesla is currently incorporated in Delaware, which is already well known for being extremely hostile to shareholder lawsuits like this. He picked the most favourable ground possible and still lost. He’s not going to get better treatment from Texas.
He’s just throwing his toys out of the pram because he’s mad, and forcing the entirety of Tesla to join in his tantrum.
topinambour_rex@lemmy.world 11 months ago
Delaware is considered as a tax haven.
M500@lemmy.ml 11 months ago
I think it’s because Delaware has really lax laws on incorporating and a special court just for corporate stuff so legal issues can get sorted quickly.
topinambour_rex@lemmy.world 10 months ago
Still a tax heaven.
M500@lemmy.ml 10 months ago
Can you explain what makes it a tax haven?