Why the Rich are Putting Their Money in South DakotaTop of Mind with Julie Rose • Season 1, Episode 1705, Segment 1
Oct 8, 2021 • 19m
The Pandora Papers, put out by the International Consortium of Investigative Journalists, revealed where the rich and powerful around the world are hiding their assets and money. More and more of that wealth is being stashed away in the US. Time was, the world’s super-rich would park their billions in a place like Panama, Switzerland, or the Cayman Islands to avoid paying taxes. Today, they’re just as likely to send their money to South Dakota. Why do they even want to put their money in South Dakota, of all places? Reporter Oliver Bullough investigated how South Dakota came to be one of the world’s leading tax havens in his book “Moneyland.” (Originally aired April 1st, 2020)
