Greg's Corner

Backpage shouldn’t be ‘in good standing’ anywhere

The tiny, three county state of Delaware has long been a tax haven for thousands of corporations. Many high-profile companies incorporate in Delaware due to their lax corporate tax laws that allow many of these companies to get out of paying their fair share of taxes to the state where they actually do business. Many of the country’s leading companies are incorporated at the same nondescript office building in Wilmington.

One of the companies that is incorporated in Delaware is Backpage, whose main offices are actually in Dallas, Texas. A number of Delaware government officials are concerned about Backpage’s presence in Delaware but say there’s nothing they can do about it. Even though Backpage is responsible for 80% of all online human trafficking in the U.S., are being investigated by Congress, and have had all major credit card companies refuse to do business with the, Backpage is still considered a company ‘in good standing’ by the state of Delaware.

Both the Delaware Secretary of State and Attorney General say they do not have the legal authority to do anything about Backpage’s standing in Delaware stating they can’t dissolve the company but wish they could. Then maybe it’s time for the legislature of Delaware to give them the legal authority. While a number of companies would probably side with Backpage on this front claiming it starts a dangerous legal precedent, how many of those companies are making their money from the illegal trade of trafficking in human beings? While a company’s main objective is to turn a profit, it shouldn’t be done through the modern-day slave trade.