South Dakota has become a haven for an estimated $360 billion for the wealthy, according to the leaked financial documents in the Pandora Papers. Even though it’s one of the least populated states in the U.S., it now ranks as one of the top tax haven jurisdictions.Axios Re:Cap talks with Axios’ chief financial correspondent Felix Salmon, who’s been reporting on what the Pandora Papers revealed about South Dakota.

South Dakota has become a haven for an estimated $360 billion for the wealthy, according to the leaked financial documents in the Pandora Papers. Even though it’s one of the least populated states in the U.S., it now ranks as one of the top tax haven jurisdictions. Axios Re:Cap talks with Axios’ chief financial correspondent Felix Salmon, who’s been reporting on what the Pandora Papers revealed about South Dakota.

South Dakota has become a haven for an estimated $360 billion for the wealthy, according to the leaked financial documents in the Pandora Papers. Even though it’s one of the least populated states in the U.S., it now ranks as one of the top tax haven jurisdictions.Axios Re:Cap&nbsp;talks with Axios’ chief financial correspondent Felix Salmon, who’s been reporting on what the Pandora Papers revealed about South Dakota.

How South Dakota became a tax haven for the ultra rich

Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app. 

Axios Re:Cap is on hiatus until October 2021.

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Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app. Axios Re:Cap is on hiatus until October 2021.

Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.&nbsp;

Axios Re:Cap is on hiatus until October 2021.

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How South Dakota became a tax haven for the ultra rich

How South Dakota became a tax haven for the ultra rich

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