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Treasure Islands Uncovering the Damage of Offshore Banking and Tax Havens

ISBN-10: 0230341721
ISBN-13: 9780230341722
Edition: 2012
Authors: Nicholas Shaxson
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Description: Published to rave reviews on both sides of the Atlantic,Treasure Islandsis an expose of how the corporate world uses tax havens to shirk paying its share of taxes. This costs the United States alone 100 billion dollars in lost revenue each year.  More...

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Book details

List price: $18.99
Copyright year: 2012
Publisher: St. Martin's Press
Publication date: 9/4/2012
Binding: Paperback
Pages: 272
Size: 6.25" wide x 9.25" long x 0.75" tall
Weight: 0.638
Language: English

Published to rave reviews on both sides of the Atlantic,Treasure Islandsis an expose of how the corporate world uses tax havens to shirk paying its share of taxes. This costs the United States alone 100 billion dollars in lost revenue each year. While the United States experiences a recession and European countries face bankruptcy, Nicholas Shaxson, a former correspondent for theFinancial TimesandThe Economist, argues that the problem can be traced back to the pervasive practice of offshoring financing in order to minimize taxable revenue. Journeying from Moscow to London to Switzerland to Delaware, he dives deep into a vast and secret playground where bankers and multinational corporations operate side by side with nefarious tax evaders, organized criminals, and the world's wealthiest citizens. This is a fast-paced narrative that at last explains how bankers, traders, and other financial wizards are using the system to deepen our economic divide.

Acknowledgments
Prologue: An Offshore Awakening
Welcome to Nowhere: An Introduction to Offshore
Technically Abroad: The Vestey Brothers, the American Beef Trust, and the Rise of Multinational Corporations
The Opposite of Offshore: John Maynard Keynes and the Struggle against Financial Capital
The Great Escape: How Wall Street Regained Its Powers by Going Offshore to London
Construction of a Spiderweb: How Britain Built a New Overseas Empire
The Fall of America: How the United States Learned to Stop Worrying and Love the Offshore World
The Drain: How Tax Havens Harm Poor Countries
Resistance: In Combat with the Ideological Warriors of Offshore
The Life Offshore: The Human Side of Secrecy Jurisdictions
Ratchet: How Secrecy Jurisdictions Helped Cause the Latest Financial Crisis
Conclusion Reclaiming Our Culture
Notes
Index

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