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Treasure Islands: Dirty Money, Tax Havens And The Men Who Stole Your Cash
Treasure Islands: Dirty Money, Tax Havens And The Men Who Stole Your Cash
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Billionaire Warren Buffett, 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.
Details of Book
A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
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One Line Summary
Exposes how tax havens drain wealth from ordinary people.
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Who is this book for?
If you're curious about how the rich and corporations minimize taxes while the rest of us bear the burden, this book offers eye-opening insights. Shaxson's detailed exposé makes complex financial schemes accessible and important for understanding real-world economic inequality. It’s a compelling read for anyone wanting to see behind the curtain of global finance.