Shut down US tax havens

The world’s super-wealthy are hiding trillions of dollars and dodging taxes right here in the United States.

By

Columnists

October 7, 2021 - 10:24 AM

A view of the Mount Rushmore National Memorial near Keystone, South Dakota. The state has become a massive tax haven for ill-gotten means. (Dreamstime/TNS)

The Pandora Papers, released in early October, are the product of massive data leaks carefully analyzed by more than 600 journalists from around the world. They unmask the secretive ways that the world’s super-wealthy hide trillions of dollars and dodge taxes — not just on some sandy Caribbean island, but right here in the United States.

Billionaires and crooks from around the globe now regard the United States as an offshore tax haven. They are bringing their treasure to “secrecy jurisdictions” such as South Dakota, Delaware, Nevada and Florida.

My role in the release of the Pandora Papers, acknowledged in many international stories, was to serve as an advance source for foreign reporters to understand the U.S. wealth-hiding system.

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