The Great American Tax Haven: Why The Super-Rich Love South Dakota • Discoverology

The Great American Tax Haven: Why The Super-Rich Love South Dakota

Last year billionaire Sun Hongbin quietly transferred $4.5bn worth of shares in his Chinese real estate firm to a company on a street corner in Sioux Falls, South Dakota. Thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.

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