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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Mar 26 2014

City of London sees first political party councillor in centuries

Posted by: Nicholas Shaxson in: Thoughts

William Campbell-Taylor, an Anglican priest who featured heavily in the final chapter of Treasure Islands (except in the US edition,) has become the first political party candidate ever to win a seat on the common council of the City of London. That’s a record that stretches back a thousand years, or at least to the 13th Century.

He stood…

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Mar 20 2014

Wall St. and the City: the much-too-special relationship

Posted by: Nicholas Shaxson in: Thoughts

I have a long article in The American Interest, looking at the various ways that the City of London poses threats to the interests of the United States. It was prompted really by my wanting to explore some transatlantic antagonisms that writer Ben Judah stirred up with articles in Politico and the New York Times, which I…

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Mar 17 2014

Treasure Islands: now in Spanish

Posted by: Nicholas Shaxson in: Thoughts

Coming soon.

More here.

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Mar 04 2014

If you’re in Brussels on April 3

Posted by: Nicholas Shaxson in: Thoughts

I will be giving a talk on Tax Havens and Sharks, or something.

Do come along.

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Mar 03 2014

Why Russia no longer fears the West. It’s the offshore, stupid

Posted by: Nicholas Shaxson in: Thoughts

From the Tax Justice blog:

If there’s one story you read today make it this one, from Politico Magazine. It’s triggered by the crisis in Ukraine, but it’s been a long time coming.

The point of this short story is clear: Western leaders are waking up to the fact that Russia no longer fears or even respects them. Why? Well:…

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