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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Feb 25 2014

British innovators lament the City of London’s uselessness

Posted by: Nicholas Shaxson in: Thoughts

From the Financial Times, a short video entitled Bright Future for British Engineering? It looks at some promising stuff going on in the Advanced Manufacturing Research Park, a collaboration between the University of Sheffield and Boeing Corp.

The video is notable not just for the fact that the t-word is absent. Nobody seems to be talking about tax subsidies:…

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Jan 28 2014

Smaug’s gold and the payment protection scandal

Posted by: Nicholas Shaxson in: Thoughts

John Lanchester in the London Review of Books, not so long ago:

“If there hadn’t been so much other lurid wrongdoing in the world of finance, and if mis-sold payment protection insurance had a sexier name, PPI would stand out as the biggest scandal in the history of British banking.”

Which is, of course, a big claim. Lanchester has…

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Jan 28 2014

Show trial of Swiss whistleblower Elmer now in 9th year

Posted by: Nicholas Shaxson in: Thoughts

I’ve been in touch with the Swiss whistleblower Rudolf Elmer in the last few days, and have written this up. This is cross-posted with the Tax Justice Network’s new blog.

This month a Swiss court fought back against efforts by the United States to tackle criminal activity and tax its wealthy citizens properly. As Worldwide Tax Daily reports:

“A

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Jan 22 2014

The $100 billion question: Why is Davos held in the world’s top illicit money centre?

Posted by: Nicholas Shaxson in: Thoughts

Cross-posted from the new Tax Justice Blog:

From the Davos OpenForum 2014:

“Switzerland is known for its chocolate, watches and banking sector. But today, with traditional banking secrecy gone, the country has to reinvent itself to retain its competitive advantage.”

Our emphasis added. That’s news to us. If it were remotely true, a lot of Swiss bankers would…

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Jan 17 2014

Big Newsweek exposé on human rights abuses in tax haven Jersey

Posted by: Nicholas Shaxson in: Thoughts

I’ve just had an email from Stuart Syvret, a dissident former health minister in the British tax haven of Jersey, who has just got out of prison after challenging the island’s financially-dominated oligarchy. The email was in his characteristically forthright style:

“I and many of my former constituents have had our human rights monstrously abused in Jersey by corrupt Crown

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Jan 10 2014

Do tax cuts promote growth? Part MCXIV

Posted by: Nicholas Shaxson in: Thoughts

Cross-posted from the Tax Justice Network.

The world’s economists have been arguing over this question for decades. Which is odd, because the evidence is rather clear on this point. Corporate tax cuts, or overall tax cuts (or hikes) just seem to have a neutral effect on economic growth.

Which is quite unsurprising, given that (as we never tire…

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