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 exchange to …

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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 remarkable Number 24 in all books …

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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 tax

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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 allowing …

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Nov 11 2015

Who runs our countries: us, or global finance?

Posted by: Nicholas Shaxson in: Thoughts

Stuart Fraser of the City of London Corporation

From the Fools’ Gold blog ( a new project of mine.) Cross-posted with the Tax Justice Network.

Stuart Fraser is the former head of the powerful Policy & Resources Committee of the peculiar City of London Corporation, and an influential figure in Britain. He’s quoted in The Price We Pay, 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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Sep 03 2015

Why tax havens will be at the heart of the next financial crisis

Posted by: Nicholas Shaxson in: Thoughts

Cross-posted from the Tax Justice Network

This post examines another excellent in-depth investigation by Reuters into global financial stability issues, and the role of tax havens in this giant game of pain and plunder. The investigation uncovers, among other things, a whole lot of offshore shenanigans, complementing what we (and relatively few others) have been saying for some years now, and it …

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Aug 18 2015

The Heavens: a photographic exploration of tax havens

Posted by: Nicholas Shaxson in: Thoughts

A man floats in the 57th-floor infinity pool with the skyline of Singapore’s financial district behind him. Photo: Paolo Woods and Gabriele Galimberti

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

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