What the Pandora Papers say about New Hampshire

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The Pandora Papers are the most expansive leak of tax haven files in history, with nearly 12 million documents detailing the hidden assets and deals of over 330 public officials and politicians in more than 90 countries, including 35 country leaders.

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Trusts are one way money gets shielded from tax authorities and other regulators. When wealth is in a trust, it means the money is managed by a third party on behalf of a beneficiary.

In the U.S, a handful of states have trust laws that provide more advantages than other states, and New Hampshire joined that group in 2006.

The Granite State is now home to $932.5 billion in assets managed through trusts.

All Things Considered host Peter Biello spoke with New Hampshire Business Review reporter Bob Sanders, who’s been covering the…

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