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Treasure Islands - Uncovering the Damage of Offshore Banking and Tax Havens (Paperback)
Loot Price: R387
Discovery Miles 3 870
You Save: R122
(24%)
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Treasure Islands - Uncovering the Damage of Offshore Banking and Tax Havens (Paperback)
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List price R509
Loot Price R387
Discovery Miles 3 870
You Save R122 (24%)
Expected to ship within 10 - 15 working days
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A thrilling ride inside the world of tax havens and corporate
masterminds While the United States experiences recession and
economic stagnation and European countries face bankruptcy, experts
struggle to make sense of the crisis. Nicholas Shaxson, a former
correspondent for the Financial Times and The Economist, argues
that tax havens are a central cause of all these disasters. In this
hard hitting investigation he uncovers how offshore tax evasion,
which has cost the U.S. 100 billion dollars in lost revenue each
year, is just one item on a long rap sheet outlining the damage
that offshoring wreaks on our societies. In a riveting journey from
Moscow to London to Switzerland to Delaware, Shaxson 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. Tax havens
are where all these players get to maximize their own rewards and
leave the middle class to pick up the bill. With eye opening
revelations, Treasure Islands exposes the culprits and its victims,
and shows how: *Over half of world trade is routed through tax
havens *The rampant practices that precipitated the latest
financial crisis can be traced back to Wall Street's offshoring
practices *For every dollar of aid we send to developing countries,
ten dollars leave again by the backdoor The offshore system sits
much closer to home than the pristine tropical islands of the
popular imagination. In fact, it all starts on a tiny island called
Manhattan. In this fast paced narrative, Treasure Islands at last
explains how the system works and how it's contributing to our ever
deepening economic divide.
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