![Mother Jones | N Ortega](https://ifp.nyu.edu/wp-content/uploads/2024/01/1-57.jpg)
Mother Jones | N Ortega
Today, there’s no need to stash your money in the Bahamas, Malta, or the Caymans when you can keep it in places like Sioux Falls, South Dakota. Thanks to favorable laws that make it an ideal refuge for the world’s wealth, America now sits at the center of the global offshore economy—an international pot of riches even larger than the GDP of China, by some estimates.