Jul 11 2016

Top tax expert calls for Big 4 accounting firms to be broken up. Me too

Posted by: Nicholas Shaxson in: Thoughts

Adapted from the Tax Justice Network blog:

In March The Economist magazine rang alarm bells (again) about a rise in concentrated market power: a problem where the biggest firms get ever bigger and more like monopolies, making it easy to extract wealth from the rest of us (as opposed to creating wealth.) This, in turn fosters steeper inequality and poverty and reduces economic growth. As…

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Jun 29 2016

My Vanity Fair article on Donald Trump

Posted by: Nicholas Shaxson in: Thoughts

It’s called The Great Trump Tax Mysteries: Is He Hiding Loopholes, Errors, or Something More Serious?

It’s been fascinating. I had two interviews with him: each time, he politely ended the interview when I asked him what, precisely, he would do to tackle tax havens.

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Jun 15 2016

Pre-Brexit has already handed the City of London four big victories

Posted by: Nicholas Shaxson in: Thoughts

That’s the conclusion of a new report by the non-governmental body Corporate Observatory Europe, entitled How Cameron’s
referendum delivered victories to Big Finance.
The introduction summarises:

“From the day a ballot on UK membership was first announced by David Cameron three years ago, the financial sector has sought and won significant lobbying victories thanks to a complicit

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May 06 2016

The Panama papers are not about tax

Posted by: Nicholas Shaxson in: Thoughts

This contains a cross-post from a blog I wrote for the Tax Justice Network recently, with the same headline. It complements another article I wrote for the UK’s Prospect Magazine, entitled Don’t Call Them Tax Havens. An introductory paragraph says:

“A few have called this the “Panama tax avoidance scandal,” but this reveals a profound misunderstanding of tax

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Apr 20 2016

Five myths about tax havens

Posted by: Nicholas Shaxson in: Offshore Banking, Thoughts

Cross-posted from the Tax Justice Network, on my article in the Washington Post entitled Five Myths about Tax havens.

The myths go like this:

  • Tax havens protect vulnerable people against despotic governments, unjust laws and political turmoil.
  • Tax havens are good for high-tax nations.
Feb 22 2016

Global Tax Fairness: new book

Posted by: Nicholas Shaxson in: Thoughts

Cross-posted from the Tax Justice Network: highlighting a new book, containing a chapter of mine entitled Tax Competitiveness: a Dangerous Obsession.

This new book from Oxford University Press, edited by Thomas Pogge and Krishen Mehta, publishes fifteen chapters by leading tax justice scholars on different topics ranging from country-by-country reporting to unitary taxation, from automatic information…

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Feb 19 2016

What really goes on in the City of London?

Posted by: Nicholas Shaxson in: Thoughts

John Lanchester has a wonderful description of a new photo exhibition in London by Martin Parr. Read his review, including a nice plug for Treasure Islands.

He describes a set of demands the Occupy movement made to the City of London Corporation (which Lanchester calls “City 2″ — City 1 being the financial services industry which is often called…

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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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