How South Dakota became a tax haven for the ultra rich

South Dakota has become a haven for an estimated $360 billion for the wealthy, according to the leaked financial documents in the Pandora Papers. Even though it’s one of the least populated states in the U.S., it now ranks as one of the top tax haven jurisdictions. Axios Re:Cap talks with Axios’ chief financial correspondent Felix Salmon, who’s been reporting on what the Pandora Papers revealed about South Dakota. Learn more about your ad choices. Visit megaphone.fm/adchoices