Monday, November 18, 2019

The Guardian seems to have staff in SD this week

From The Guardian today, a short article about a PSA campaign regarding a serious problem South Dakotans are working on.



 

 

Also from the Guardian--

The Great American Tax Haven: why the super rich love South Dakota -  

about how the state attracts wealthy people but without for the betterment of the residents, 11/14/19.

".... Super-rich people choose between jurisdictions in the same way that middle-class people choose between ISAs: they want the best security, the best income and the lowest costs. That is why so many super-rich people are choosing South Dakota, which has created the most potent force-field money can buy – a South Dakotan trust. If an ordinary person puts money in the bank, the government taxes what little interest it earns. Even if that money is protected from taxes by an ISA, you can still lose it through divorce or legal proceedings. A South Dakotan trust changes all that: it protects assets from claims from ex-spouses, disgruntled business partners, creditors, litigious clients and pretty much anyone else. It wonʼt protect you from criminal prosecution, but it does prevent information on your assets from leaking out in a way that might spark interest from the police. And it shields your wealth from the government, since South Dakota has no income tax, no inheritance tax and no capital gains tax. ...."

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