Governor Kristi Noem isn’t the problem. The other Dakota is a make-believe state devoted to the preservation of wealth dynasties, and it should just go away.
part of money laundering schemes. and it is a lucrative business because the south should coat south dakota trust have quadrupled in size in the space of ten years to $360 billion. the largest trust in the state has confirmed it has clients from 5a countries and 47 states, including more than 100 billionaires. what you were saying, just to clarify, then, is that if those billionaires were investing in london, we would know who they were, but because they are investing in south dakota, we don t know who they are? it south dakota, we don t know who they are? , , :, :, south dakota, we don t know who they are? , :, :,, ,, are? it is important to stress there is nothin: are? it is important to stress there is nothing illegal are? it is important to stress there is nothing illegal or are? it is important to stress there is nothing illegal or improper- are? it is important to stress there | is nothing illegal or improper about setting up a trust. they could be advantages in many ways,
Former Top Securities Regulator Urges Revisions to Family Trust Law
By the end of June 2020, 9,049 family trusts were set up in China holding property valued at 186 billion yuan ($29 billion), data shows.
Xiao Gang, former head of China’s securities regulatory commission, plans to submit a proposal to the annual “Two Sessions” to improve the trust system and promote the development of family trusts, he said Thursday.
Family trusts are among the most important institutional arrangements for the protection and inheritance of private enterprise wealth, Xiao said. The former chairman of China Securities Regulatory Commission is a member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), which is meeting in parallel with the National People’s Congress in China’s annual top political gatherings.