Wall Street Money Moves To Texas. Bitcoin Explains What Comes Next - Forbes
Wall Street Money Moves To Texas. Bitcoin Explains What Comes Next - Forbes
Source: Forbes
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DW NOTE
Wall Street firms are registering Texas entities while their traders still live in Connecticut. The headline ties this to bitcoin, but the actual through-line is jurisdictional arbitrage — corporations booking profits where the tax code is friendliest while operations remain elsewhere. Texas has no corporate income tax; it also has no enforcement mechanism to verify where value is actually created.