From the Cayman Islands and the Isle of Man to the Principality of Liechtenstein and the state of Delaware, tax havens offer lower tax rates, less stringent regulations and enforcement, and promises of strict secrecy to individuals and corporations alike. In recent years government regulators, hoping to remedy economic crisis by diverting capital from hidden channels back into taxable view, have undertaken sustained and serious efforts to force tax havens into compliance. In Tax Havens, Ronen Palan, Richard Murphy, and Christian Chavagneux provide an up-to-date evaluation of the role and…mehr
From the Cayman Islands and the Isle of Man to the Principality of Liechtenstein and the state of Delaware, tax havens offer lower tax rates, less stringent regulations and enforcement, and promises of strict secrecy to individuals and corporations alike. In recent years government regulators, hoping to remedy economic crisis by diverting capital from hidden channels back into taxable view, have undertaken sustained and serious efforts to force tax havens into compliance. In Tax Havens, Ronen Palan, Richard Murphy, and Christian Chavagneux provide an up-to-date evaluation of the role and function of tax havens in the global financial system-their history, inner workings, impact, extent, and enforcement. They make clear that while, individually, tax havens may appear insignificant, together they have a major impact on the global economy. Holding up to $13 trillion of personal wealththe equivalent of the annual U.S. Gross National Productand serving as the legal home of two million corporate entities and half of all international lending banks, tax havens also skew the distribution of globalization's costs and benefits to the detriment of developing economies. The first comprehensive account of these entities, this book challenges much of the conventional wisdom about tax havens. The authors reveal that, rather than operating at the margins of the world economy, tax havens are integral to it. More than simple conduits for tax avoidance and evasion, tax havens actually belong to the broad world of finance, to the business of managing the monetary resources of individuals, organizations, and countries. They have become among the most powerful instruments of globalization, one of the principal causes of global financial instability, and one
Ronen Palan is Professor of International Political Economy at the University of Birmingham. He is the author of The Offshore World: Sovereign Markets, Virtual Places, and Nomad Millionaires, also from Cornell. Richard Murphy is CEO of Tax Research, LLP, based in the UK. He is a frequent adviser to the media, NGOs, and politicians, and writes a blog at taxresearch.org.uk. Christian Chavagneux, based in Paris, is deputy editor in chief of Alternatives Economiques and editor of L'Economie politique.
Inhaltsangabe
IntroductionPart I: Tax Havens and Their Uses 1. What is a Tax Haven? 2. Tax Havens: Vital Statistics 3. The Instruments of Tax HavensPart II: The Evolution of Tax Havens 4. Origins of the Tax Havens 5. The British Empire Strikes BackPart III: Tax Havens in World Politics 6. Tax Havens and the Developed World 7. Issues in DevelopmentPart IV: The Battle for Hearts And Minds 8. Signs of Discontent 9. Institutional Attacks on Tax Havens 10. Tax Havens in the Twenty-First CenturyConclusionGlossary References Index
IntroductionPart I: Tax Havens and Their Uses 1. What is a Tax Haven? 2. Tax Havens: Vital Statistics 3. The Instruments of Tax HavensPart II: The Evolution of Tax Havens 4. Origins of the Tax Havens 5. The British Empire Strikes BackPart III: Tax Havens in World Politics 6. Tax Havens and the Developed World 7. Issues in DevelopmentPart IV: The Battle for Hearts And Minds 8. Signs of Discontent 9. Institutional Attacks on Tax Havens 10. Tax Havens in the Twenty-First CenturyConclusionGlossary References Index
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