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

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Overview: Published to rave reviews on both sides of the Atlantic, Treasure Islands is 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 the Financial Times and The 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

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

Sprache
Erscheinungsdatum
2012
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Titel
Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens
Sprache
Englisch
Autor*innen
Nicholas Shaxson
Verlag
Griffin
Erscheinungsdatum
2012
Einband
Paperback
Seitenzahl
272
ISBN10
0230341721
ISBN13
9780230341722
Reihe
Originaltitel
Treasure islands
Bewertung
4,2 von 5 Sternen
Beschreibung
Overview: Published to rave reviews on both sides of the Atlantic, Treasure Islands is 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 the Financial Times and The 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