Marketplace
Marketplace
Oct 4, 2021
How the U.S. became a tax haven for the globe’s wealthy and elite
Play • 27 min

Over the weekend, the International Consortium of Investigative Journalists broke news about leaked financial documents called the Pandora Papers, which highlighted how the global elite shield their wealth. Dominic Rushe, U.S. business editor at The Guardian, spoke with us about how the documents reveal that some states, principally South Dakota, offer greater protections for offshore money than places like Switzerland or the Cayman Islands. Also on today’s program: A look at the Fed’s debt ceiling playbook, Molly Wood on the Facebook and Instagram outage and ride-hailing apps face competition from an old rival: taxis.

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