How Wyoming Became a Tax Haven

How Wyoming Became a Top Tax Haven With Its 'Cowboy Cocktail'
Dec 21, 2021

The Cowboy State has become one of the world's top tax havens, according to the Pandora Papers, a trove of more than 11.9 million documents obtained by the International Consortium of Investigative Journalists and The Washington Post. The papers reveal, among other things, how ultra-wealthy people from around the world move money into the U.S., invest, and spend it under a shroud of secrecy. Allison Tait, University of Richmond law professor, joined Cheddar to talk about Wyoming's laid-back tax laws, their impact on the nation's economy, and provided some details on the financial arrangement known as the "cowboy cocktail."

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