Published: October 04, 2021
Some trusts held in midwestern state linked to individuals or companies previously accused of misconduct overseas
South Dakota is sheltering billions of dollars in wealth, some linked to individuals and companies accused of financial crimes or serious wrongdoing, according to documents in the Pandora papers.
The files suggest the US midwestern state now rivals Switzerland, Panama, the Cayman Islands and other famous tax havens as a premier venue for the international rich seeking to protect their assets from local taxes or the authorities.
Continue reading...from The Guardian https://ift.tt/2WEsFC6
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