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Politics : View from the Center and Left

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To: Cautious_Optimist who wrote (480877)	10/6/2021 12:43:17 PM
From: Ron	3 Recommendations Recommended By bentway Cogito Ergo Sum stsimon Read Replies (1) of 542501

How South Dakota became a global tax haven axios.com South Dakota has become the world's foremost tax haven — right up there with the Cayman Islands, and ahead of old-fashioned locations like Switzerland. That's one of the clear messages from the Pandora Papers leak of confidential financial information about the world's richest individuals. Why it matters: The hundreds of billions of dollars sequestered in South Dakota trusts generate no taxes and are effectively off limits to anybody who might have a legitimate claim on them. How it works: A South Dakota trust is "the most potent force-field money can buy," in the words of the Guardian's Oliver Bullough.

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