Democrat Launches Inquiry Into Whether Wyoming is Tax Haven

House Ways and Means Committee member Bill Pascrell launches an inquiry into whether the tax advantages Wyoming provides businesses, trusts and wealthy individuals means it should be classified as a tax haven.

• “Is Wyoming a tax haven? What are the state and federal tax advantages and disadvantages of Wyoming’s designation as a tax haven?,” Pascrell writes in a letter to Wyoming Governor Mark Gordon
• NOTE: Pascrell’s investigation comes after revelations from the “Pandora Papers” that revealed that some states, including Wyoming, Nevada and South Dakota, have financial secrecy laws that mirror those of offshore tax havens
  • Pascrell has also sent ...