skip to main content
skip to newscasts

Tuesday, April 30, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Three US Marshal task force officers killed in NC shootout; MA municipalities aim to lower the voting age for local elections; breaking barriers for health equity with nutritional strategies; "Product of USA" label for meat items could carry more weight under the new rule.

view newscast page
play newscast audioPlay

Big Pharma uses red meat rhetoric in a fight over drug costs. A school shooting mother opposes guns for teachers. Campus protests against the Gaza war continue, and activists decry the killing of reporters there.

view newscast page
play newscast audioPlay

More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

South Dakota: Surprise Tax Haven in the Public Eye

play audio
Play

Wednesday, October 6, 2021   

SIOUX FALLS, S.D. - A lack of public scrutiny may have contributed to South Dakota becoming a global leader as a tax haven, and one political expert says it's hard for locals to follow what's happening because it hasn't been part of the state's identity.

The Pandora Papers, released by the International Consortium of Investigative Journalists, said South Dakota is home to $360 billion in trusts that belong to a range of international clients. These shelters may be legal, but they're tied to some individuals accused of human-rights abuses.

Dave Wiltse, a political-science professor at South Dakota State University, said polling from his department suggests most South Dakotans are unware of this growing sector.

"It doesn't come on their radar for some very logical reasons," he said, "and it stays out of their attention for very logical reasons."

In the poll, more than three out of four South Dakotans incorrectly cited agriculture as the state's top industry - even though the financial industry now plays a prominent role. Wiltse added that the financial policies are complex and not easy for most people to absorb. He said he doesn't have an opinion about them, but watchdogs say the findings underscore the need for regulatory reforms.

While certain state laws were modified to elevate this part of the state's financial sector, Wiltse noted that a lot of it was driven by people behind the scenes.

"The lobbyists, together with regulators and members of the executive [branch]," he said, "because they have the expertise."

The groups calling for reforms have said these high-dollar trusts allow global elites to avoid paying taxes. While that may be true compared with other types of investments, Wiltse noted that these "hidden" financial services have played a role in boosting growth for cities such as Sioux Falls.


get more stories like this via email
more stories
MDHHS reports many cardiac deaths among young people in Michigan could be prevented through screening, detection and treatment. (Rawpixel.com)

Health and Wellness

play sound

Sudden cardiac arrest claims the lives of about 250 Michigan children and young adults each year. Legislation signed into law over the weekend aims …


Social Issues

play sound

Cities and towns across Massachusetts hope to increase young voter turnout in local elections by lowering the voting age to sixteen or seventeen…

Environment

play sound

Minnesota is a leader in renewable energy - getting 54% of its electricity from zero-carbon sources last year, according to the 2024 Minnesota Energy …


play sound

For active-duty service members and veterans eyeing a college degree, the march to academic success just got easier. The University of North Carolina …

Over the span of a decade, the Kate B. Reynolds Charitable Trust has invested $107.5 million across ten North Carolina counties including Beaufort, McDowell, Halifax, Rockingham, Burke, Edgecombe, Nash, Bladen, Columbus and Robeson.

Health and Wellness

play sound

A new report reveals that investing in rural areas can improve essential resources for the people living there. Despite a significant rural …

Social Issues

play sound

New Mexico is taking a deep dive into its funding of public colleges and universities to determine if inequities need to be addressed. The Higher …

Health and Wellness

play sound

Birth doulas assist new moms with the stress, uncertainty and anxiety of childbirth. Another type of doula offers similar support - to those who are …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021