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 story.

You can read Sanders’ reporting below.

$932.5 billion.

That’s the value of assets under management by a rapidly growing trust industry ostensibly based in New Hampshire. They have increased by more than a quarter of a trillion dollars in just the last year, and it’s not a complete total.

The past year’s infusion is triple the amount reportedly going into South Dakota, where several trusts have been scrutinized after the release earlier this month of the so-called Pandora Papers.

Those papers — the latest of a series of massive leaks…

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