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

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

by Nicholas Shaxson

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Overview

Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens by Nicholas Shaxson

We are witnessing the greatest shift of wealth from poor to rich in history. In the United States alone, the wealthiest avoid paying an astonishing $53 billion in taxes each year. Nicholas Shaxson, in league with the Tax Justice Network, dives deep into the secret world of tax havens and takes us to hot spots from Switzerland to Panama to Delaware in a riveting narrative of how society loses through illegal tax evasion. With jaw-dropping stories and vivid explanations, Shaxson highlights the biggest players in the game, and shows how:

 

• More than 12,750 foreign corporations get out of paying taxes   each year by claiming to have offices in the same five-story   building in the Cayman Islands.

 

• One thousand children die every day as a result of illegal, trade   related tax evasion.

• Although billions are poured annually into Africa, corrupt   officials there stow twice as much away in tax havens, making   Africa a net creditor to the rest of the world.

 

 

 

 

Product Details

ISBN-13: 9780230105010
Publisher: St. Martin's Press
Publication date: 04/12/2011
Pages: 272
Product dimensions: 6.20(w) x 9.30(h) x 1.30(d)

About the Author

Nicholas Shaxson is a journalist who has written for the Financial Times, The Economist Group, African Energy, and the insider newsletter Africa Confidential. He is the author of the highly acclaimed Poisoned Wells: The Dirty Politics of African Oil and an associate fellow with the Royal Institute of International Affairs in London.

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