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


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

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 ...


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