Jan 21 2016

TJN-backed tax haven book a bestseller in Germany

Posted by: Nicholas Shaxson in: Thoughts

On the book Steueroase Deutschland (Tax Haven Germany) written by my colleague Markus Meinzer, cross-posted with the Tax Justice Network.

We are delighted to note that Markus Meinzer’s book Steueroase Deutschland (Tax Haven Germany) is selling like hot kuchen in Germany: currently ranked at Number 1 in business books, and an even more…

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Jan 15 2016

The Heavens: more accolades

Posted by: Nicholas Shaxson in: Thoughts

My tax haven photo book with Paolo Woods and Gabriele Galimberti is getting some serious attention among the photographer community.

Mother Jones: top photo books of 2015.

“This is a fascinating look at the world of tax shelters. No, wait! Seriously. Paolo Woods and Gabriele Galimberti give us a rare inside look at life in the land of the

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Jan 06 2016

The ironic pillage of tax haven Puerto Rico by offshore hedge funds

Posted by: Nicholas Shaxson in: Thoughts

An article I’ve just written, cross-posted with the Tax Justice Network

Puerto Rico is a peculiar historical relic, whose relationship with the United States has strong echoes of the half-in-half-out relationships that the British Overseas Territories and Crown Dependencies enjoy with the mother country, the United Kingdom. This halfway-house link, which provides solid constitutional and legal bedrock for financial investors while…

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Nov 11 2015

Who runs our countries: us, or global finance?

Posted by: Nicholas Shaxson in: Thoughts

From the Fools’ Gold blog ( a new project of mine.) Cross-posted with the Tax Justice Network.

Stuart Fraser is the former head of the powerful Policy & Resources Committee of the peculiar City of London Corporation, and an influential figure in Britain. He’s quoted in The Price We Pay, a recent documentary on tax havens and corporate tax…

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Oct 28 2015

How the wealth managers do it: an in-depth investigation

Posted by: Nicholas Shaxson in: Offshore Banking, Tax Havens, Thoughts

Cross-posted from the Tax Justice Network

The Atlantic is carrying a truly fascinating article entitled Inside the Secretive World of Tax-Avoidance Experts. And this researcher, Brooke Harrington, went to town on it:

“Given the little that is known about the profession and its role in global inequality, it seemed imperative to learn more about

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Sep 11 2015

Russia’s offshore financial nexus, threatening financial stability and security

Posted by: Nicholas Shaxson in: Offshore Banking, Thoughts

Cross posted from the Tax Justice Network

We have for years remarked on the role of the offshore system in promoting financial instability, not least for its propensity to enable financial players to get out from under financial regulations they don’t like, then taking the cream from risky activities and shifting the risks onto others. Now, from Izabella

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Sep 03 2015

Why tax havens will be at the heart of the next financial crisis

Posted by: Nicholas Shaxson in: Thoughts

Cross-posted from the Tax Justice Network

This post examines another excellent in-depth investigation by Reuters into global financial stability issues, and the role of tax havens in this giant game of pain and plunder. The investigation uncovers, among other things, a whole lot of offshore shenanigans, complementing what we (and relatively few others) have been saying for some years now, and…

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Aug 18 2015

The Heavens: a photographic exploration of tax havens

Posted by: Nicholas Shaxson in: Thoughts

In his essay on what he termed ‘Conspicuous Leisure’, economist Thorstein Veblen observed that “In order to gain and hold the esteem of men it is not sufficient merely to possess wealth or power.  The wealth or power must be put to evidence, for esteem is only awarded on evidence. And not only does the evidence of wealth serve

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Jul 30 2015

The Amartya Sen Prize Contest for New Work on Tax Justice

Posted by: Nicholas Shaxson in: Offshore Banking, Tax Havens

Academics Stand Against Poverty, the Yale Global Justice Program, and Global Financial Integrity invite submissions of original essays of ca. 7,000 to 9,000 words on the intelligent use of incentives toward curtailing corporations’ use of tax evasion and avoidance, abusive transfer pricing and all forms of illicit financial flows. All prizes are named in honor

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Jul 09 2015

From Russia with Cash: the London Laundry Exposed

Posted by: Nicholas Shaxson in: Thoughts

Cross-posted from the Tax Justice Network blog:

From Britain’s Channel 4, a superb exposé of Britain’s high-end property circus market and the willingness of sellers to accept money from all sources, no matter how dubious. It is hilarious and ghastly, at the same time.

This is money stolen from some of the world’s poorest people, going…

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