- Peel
- Dec 3, 2007
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If it doesn't have to be fiction how about Treasure Islands?
quote:WITH NEW AND UPDATED MATERIAL COVERING THE PANAMA PAPERS' REVELATIONS AND BRITAIN'S EU REFERENDUM VOTE
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. quote: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.
'Everyone knows' that oligarchs and big corporations pay no tax because they hide all their money in loopholes, this book explains how that works and what it means and will fill you with a powerful urge to Eat The Rich.
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Apr 16, 2017 22:24
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ADBOT LOVES YOU
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May 14, 2024 16:47
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- Peel
- Dec 3, 2007
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did i gently caress something up or did u miss my book
if so just put it in the next batch rather than redoing the poll
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Apr 18, 2017 03:12
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Apr 16, 2017 22:24
