Moguls Rent South Dakota Addresses to Dodge Taxes Forever

By Zachary R. Mider

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Pierce H. McDowell III, president of South Dakota Trust Co., in his office in Sioux Falls. Photo: Zachary Mider/Bloomberg
Pierce H. McDowell III, president of South Dakota Trust Co., in his office in Sioux Falls. Photo: Zachary Mider/Bloomberg

Among the nation’s billionaires, one of the most sought-after pieces of real estate right now is a quiet storefront in Sioux Falls, South Dakota.

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