![]() *The rampant practices that precipitated the latest financial crisis can be traced back to Wall Street's offshoring practices *Over half of world trade is routed through tax havens With eye opening revelations, Treasure Islands exposes the culprits and its victims, and shows how: Tax havens are where all these players get to maximize their own rewards and leave the middle class to pick up the bill. 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. 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 this hard hitting investigation he uncovers how offshore tax evasion, which has cost the U.S. Nicholas Shaxson, a former correspondent for the Financial Times and The Economist, argues that tax havens are a central cause of all these disasters. While the United States experiences recession and economic stagnation and European countries face bankruptcy, experts struggle to make sense of the crisis. A thrilling ride inside the world of tax havens and corporate masterminds ![]()
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