Archive for the ‘Offshore Banking’ Category

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.
  • Besides Switzerland, most tax havens are small tropical islands.
  • Being a tax haven makes a
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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 how wealth managers pull

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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 Kaminska at FT

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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 of Amartya Sen,

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Jan 05 2011

How offshore private banking really works

Posted by: Nicholas Shaxson in: Offshore Banking

In December I got a phone call from a private banking insider who wanted to set me straight about a blog I’d recently written, entitled Brazil Gets Tough on Global Pirate Bankers. http://taxjustice.blogspot.com/2010/11/brazil-gets-tough-on-global-investment.html

This was a pick-up from a Bloomberg story that starts with a picture of submachine-gun wielding Brazilian federal agents arresting Alexandre Caiado of Merrill Lynch Co. He …

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