2 ms·
South Dakota, USA has entered the chat. https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-l
by mattferderer 3y ago
South Dakota, USA has entered the chat.
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws https://www.theguardian.com/world/2019/nov/14/the-great-amer...
> 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 won’t 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.
- AdamN 3y agoThose are trusts with assets and have no relationship to a record of credit events which is what the original post is about. Not to say that the SD laws aren't troubling - they just have little to with eachother.