What gets Small Town, USA on the World Map?

Jackson, Wyoming
Population: 10,553 (2019)

A small town.
In a sparsely populated state.

Simple country life style.
Small town not many people know about it, right?

Wrong.

Russian billionaires know about it.
And so do wealthy people from Argentina, India, Italy, Venezuela.

Why?

Two words:
Tax haven

Yes, the rich of the world are moving their wealth to Jackson, Wyoming.
The millionaires and billionaires have their attorneys set up trusts.

Washington Post article:
“Wyoming trust and layers of private companies with concealed ownership – allow the world’s wealthy to move and spend money in extraordinary secrecy, protected by some of the strongest privacy laws in the country and, in some cases, without even the cursory oversight performed by regulators in other states.”

Incidentally, they call this “The Cowboy Cocktail.”
So would you like one?

Better question — can you afford it?

How much money are we talking about?

Washington Post:
“Trust companies in Wyoming now manage at least $31.5 billion in assets, according to the state.”

That’s right.

Law professor Allison Tait, a trust and estate expert, regarding the anonymity/privacy of these trusts:
“It’s like a wrapped gift inside a wrapped gift,” she said. “The more wrapping you put on, the harder it is to figure out if there has been tax avoidance or evasion or even financial crime. Very few people know what you’re doing, basically.”

How is this possible?

It began with a 1977 law.
The brain child of an oil company.

As the years passed the lawmakers “improved” the law. And made it easier for company owners to hide their identities.

Adam Hofri-Winogradow, a law professor and trust expert:
“Wyoming is now among the 10 least restrictive, most customer-friendly trust jurisdictions in the world.”

In the WORLD!
Got that!?

Mariana Fieraru

Mariana Fieraru, an Eastern European transplant, fell in love with her new home shortly after landing in New York. She "discovered" pizza! Years later she still loves pizza. And so do her two feathered-kids, Sunny and Flipper

Mariana worked on both, the east and the west coast.
Big or small, each project she worked on helped define the importance of gaining and sustaining a competitive edge in an increasingly complex business environment.

Business know-how, love of teaching and writing – all combined in 2006 to form OBI.
Its mission: to make learning fun! And easy.

Through its training, consulting, and publications OBI builds bridges of knowledge to take you from where you are to
where you want to go. Using a mix of serious, informal, analytical, and optimistic approach, OBI truly makes learning fun.

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