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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Mar 18 2015

New Report: Ten Reasons to Defend the Corporate Income Tax.

Posted by: Nicholas Shaxson in: Thoughts

I was the main author of a new report published today by the Tax Justice Network, entitled Ten Reasons to Defend the Corporation Tax.

The short summary document is here, and the full document is here.

The press release reads:

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Mar 16 2015

Questioning the myth that low corporate taxes caused Ireland’s Celtic Tiger

Posted by: Nicholas Shaxson in: Thoughts

    Apologies for the relative lack of posts recently. I’ve been busy with the Tax Justice Network blog, and with a new project I’m involved in to look at the so-called ‘competitiveness’ of nations. The project has started with a new blog called Fools’ Gold, and I’m posting here one of the first blogs from that project, about Ireland.…

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    Oct 15 2014

    Bono: Tax Haven Salesman for the Celtic Paper Tiger

    Posted by: Nicholas Shaxson in: Thoughts

    An article I just wrote for Naked Capitalism, cross-posted with permission.

    Paul Hewson, an Irish crooner who likes to go by the name of Bono, is well known for calling on citizens to spend their tax dollars on fighting poverty in Africa – then setting up fancy structures to dodge paying his own taxes.…

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    Aug 27 2014

    Risk mining: what tax avoidance is, and exactly why it’s anti-social

    Posted by: Nicholas Shaxson in: Thoughts

    A post I just wrote for the Tax Justice Network. Cross-posted with permission.

    Recently we wrote about remarkable blog by Jolyon Maugham, a tax barrister, a view from the front lines, which we’ll repeat again today, because it’s so startling:

    “I have on my desk an Opinion – a piece of formal tax advice – from a prominent QC

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    Aug 04 2014

    Why is the City of London so lacking in clues about Britain?

    Posted by: Nicholas Shaxson in: Thoughts

    There are obviously many answers to this question. Such as the fact that the pervasive anti-tax, anti-regulation, pro-tax haven world view sets many City players against British society, or attracts people with a rather anti-society world view. It’s an age-old thing, which I discuss in some detail in Treasure islands. The wealth of senior City players also can result in…

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    Jul 01 2014

    Big Four firms officially sell out Hong Kong’s democracy movement

    Posted by: Nicholas Shaxson in: Thoughts

    I haven’t posted for a while, but this one is egregious enough to move me to write. This is adapted from the Tax Justice Network:

    An astonishing story, from the FT:

    “The big four global accounting companies have taken out press advertisements in Hong Kong stating they are “opposed” to the territory’s democracy movement, warning that their multinational

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    Apr 11 2014

    On Piketty, mathematical silliness, inherited wealth and mysterious entities

    Posted by: Nicholas Shaxson in: Thoughts

    Cross-posted from the Tax Justice Blog:

    From the book everyone’s talking about, Thomas Piketty’s Capital in the 21st Century, a review by Paul Krugman in the New York Review of Books:

    “Why does inherited wealth play as small a part in today’s public discourse as it does? Piketty suggests that the very size of inherited fortunes in a way makes

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