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In 2019, the South Dakota Supreme Court sided against a trust company trying to impose a protective order on a woman living in Connecticut. Two months later, the industry persuaded legislators to rewrite the underlying law.
South Dakota has become a tax haven for the wealthy. Here’s how the trust industry gained a foothold.
Some legislators say speaking out on the lucrative tax havens draws negative campaign attention from Sioux Falls-based trusts, pointing to cautionary tale of former Democratic lawmaker who drew opposition from a trust PAC.
Some legislators say speaking out on the lucrative tax havens draws negative campaign attention from Sioux Falls-based trusts, pointing to cautionary tale of former Democratic lawmaker who drew opposition from a trust PAC.
Some legislators say speaking out on the lucrative tax havens draws negative campaign attention from Sioux Falls-based trusts, pointing to cautionary tale of former Democratic lawmaker who drew opposition from a trust PAC.