Treasure Islands: Tax Havens and the Men who Stole the World
Feb 2011 · Random House
4.5star
15 reviews
Ebook
384
Pages
About this ebook
WITH NEW AND UPDATED MATERIAL
Billionaire Warren Buffet, currently the third wealthiest man in the world, paid the lowest rate of tax among his office staff, including his receptionist.
In 2006 the world's three biggest banana companies did nearly £400 million worth of business in Britain but paid just £128,000 in tax between them.
In January 2009, US law enforcement fined Lloyds TSB $350 million after it admitted secretly channelling Iranian and Sudanese money into the US banking system.
Tax havens are the most important single reason why poor people and poor countries stay poor. They lie at the very heart of the global economy, with over half the world trade processed through them. They have been instrumental in nearly every major economic event, in every big financial scandal, and in every financial crisis since the 1970s, including the latest global economic downturn.
In Treasure Islands, Nicholas Shaxson shows how this happened, and what this means for you.
Billionaire Warren Buffet, currently the third wealthiest man in the world, paid the lowest rate of tax among his office staff, including his receptionist.
In 2006 the world's three biggest banana companies did nearly £400 million worth of business in Britain but paid just £128,000 in tax between them.
In January 2009, US law enforcement fined Lloyds TSB $350 million after it admitted secretly channelling Iranian and Sudanese money into the US banking system.
Tax havens are the most important single reason why poor people and poor countries stay poor. They lie at the very heart of the global economy, with over half the world trade processed through them. They have been instrumental in nearly every major economic event, in every big financial scandal, and in every financial crisis since the 1970s, including the latest global economic downturn.
In Treasure Islands, Nicholas Shaxson shows how this happened, and what this means for you.
Ratings and reviews
4.5
15 reviews
A Google user
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August 9, 2012
Well written, researched and is a interesting topic that is overlooked.
1 person found this review helpful
Anil Das
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February 24, 2022
AAA BOSS NETWORK
Anil Das
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December 25, 2020
AAA
1 person found this review helpful
About the author
Nicholas Shaxson is the author of Poisoned Wells, the Dirty Politics of African Oil, and an experienced journalist who has written regularly for the Financial Times, The Economist, Vanity Fair and many others.
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