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As the Pandora Papers story develops, South Dakota's friendly tax structure is making headlines. Investigative journalist Oliver Bullough says "corruption has a demand side and a supply side."
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South Dakota is sheltering billions of dollars in wealth, some linked to individuals and companies accused of financial crimes according to documents uncovered in the Pandora papers probe.
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Each day, SDPB brings you statewide news coverage. We then compile those stories into a daily podcast.
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The Washington Post's Debbie Cenziper joins SDPB's Lori Walsh to discuss why the Pandora Papers matter to South Dakotans.
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For decades, South Dakota has sought to maintain its stature as the premier trust jurisdiction in the United States. One task force made up of trust industry officials crafts a bill every year meant to keep the state’s trust laws favorable.
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Leaked documents show that Sioux Falls trust companies hold millions of dollars, some of which is tied to leaders and companies accused of human-rights abuses.