Treasure Islands: Dirty Money, Tax Havens and the Men Who Stole Your Cash

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9780099541721: Treasure Islands: Dirty Money, Tax Havens and the Men Who Stole Your Cash
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This is the ugliest chapter in global economic affairs since slavery -- and secretive offshore tax havens are at the heart of the trouble.

Dirty money, tax havens and the offshore system describe the ugliest and most secretive chapter in the history of global economic affairs. The World Bank has reported that the flow of dirty money across borders, out of developing countries and into rich ones, is up to ten times the amount of foreign aid that flows the other way.

Most people regard tax havens as being relevant only to celebrities, crooks and spivs, and mistakenly believe that the main offshore problems are money laundering and terrorist financing. These are only small parts of the whole picture.

The offshore system has been (discreetly) responsible for the greatest ever shift of wealth from poor to rich. It also undermines our democracies by offering the wealthiest members of society escape routes from tax, financial regulation and other normal democratic controls.

The anti-globalisation movement tapped into an uneasiness, felt by millions, that something was rotten in the world economy. Treasure Islands brilliantly articulates the problem in a completely new way, and exposes the deep corruption that impacts on our daily lives.

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About the Author:

NICHOLAS SHAXSON is the author of Poisoned Wells, the Dirty Politics of African Oil, an Associate Fellow of the Royal Institute of International Affairs (Chatham House) and an experienced journalist writing regularly for The Financial Times and The Economist.

Review:

"An utterly superb book" -- Jeffrey Sachs "Shaxson combines meticulous research with amusing anecdotes, resulting in a very readable account of the murky world of offshore and a strong moral message that the system needs to be changed" * Financial Times * "Excellent... Shaxson comes as close as anyone ever has in getting the crux of the tax haven conundrum, which is to attempt to answer the question: why are they tolerated? - Evening Standard" * Evening Standard * "A fascinating, chilling book" -- Paul Krugman "Not just a crucial expose of the corrupt systems endemic in the global economy, but also a rousing call to do something about them" -- Holly Kyte * Sunday Telegraph *

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Other Popular Editions of the Same Title

9780230341722: Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens

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ISBN 10:  0230341721 ISBN 13:  9780230341722
Publisher: St. Martin's Griffin, 2012
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9781847921109: Treasure Islands: Tax Havens and the Men Who Stole the World

Bodley..., 2011
Softcover

9780230105010: Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens

St. Ma..., 2011
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Book Description Vintage Publishing, United Kingdom, 2013. Paperback. Condition: New. Language: English . Brand New Book. WITH NEW AND UPDATED MATERIAL Billionaire Warren Buffet, currently the third wealthiest man in the world, paid the lowest rate of tax among his office staff, including his receptionist. In 2006 the world s three biggest banana companies did nearly GBP400 million worth of business in Britain but paid just GBP128,000 in tax between them. In January 2009, US law enforcement fined Lloyds TSB $350 million after it admitted secretly channelling Iranian and Sudanese money into the US banking system. Tax havens are the most important single reason why poor people and poor countries stay poor. They lie at the very heart of the global economy, with over half the world trade processed through them. They have been instrumental in nearly every major economic event, in every big financial scandal, and in every financial crisis since the 1970s, including the latest global economic downturn. In Treasure Islands, Nicholas Shaxson shows how this happened, and what this means for you. Seller Inventory # AAZ9780099541721

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Book Description Vintage Publishing, United Kingdom, 2013. Paperback. Condition: New. Language: English . Brand New Book. WITH NEW AND UPDATED MATERIAL Billionaire Warren Buffet, currently the third wealthiest man in the world, paid the lowest rate of tax among his office staff, including his receptionist. In 2006 the world s three biggest banana companies did nearly GBP400 million worth of business in Britain but paid just GBP128,000 in tax between them. In January 2009, US law enforcement fined Lloyds TSB $350 million after it admitted secretly channelling Iranian and Sudanese money into the US banking system. Tax havens are the most important single reason why poor people and poor countries stay poor. They lie at the very heart of the global economy, with over half the world trade processed through them. They have been instrumental in nearly every major economic event, in every big financial scandal, and in every financial crisis since the 1970s, including the latest global economic downturn. In Treasure Islands, Nicholas Shaxson shows how this happened, and what this means for you. Seller Inventory # AAZ9780099541721

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