Billionaires renting in South Dakota to exploit tax loophole

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Dec. 27, 2013

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U.S. billionaires are renting token spaces in South Dakota in order to exploit a tax loophole that helps families preserve their wealth, Bloomberg reports. Illustrating the trend, Bloomberg said that a branch of Chicago’s Pritzker family, the family that owns ...

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