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

English

ISBN: 0230341721

EAN: 9780230341722

Category: Business & Economics / Personal Finance / Taxation

Publisher: Palgrave Macmillan

Release Date: 09/04/2012

Synopsis: 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 the Financial Timesand 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 worlds 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.

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

Illustrated: No

Format: Paperback

Height: 0.56 inches

Width: 6.18 inches

Length: 9.19 inches

Weight: 10.41 oz

Pages: 272