Nov 11 2015

Who runs our countries: us, or global finance?

Posted by: Nicholas Shaxson in: Thoughts

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 recent documentary on tax havens and corporate tax…

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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

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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

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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…

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Aug 18 2015

The Heavens: a photographic exploration of tax havens

Posted by: Nicholas Shaxson in: Thoughts

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 power must be put to evidence, for esteem is only awarded on evidence. And not only does the evidence of wealth serve

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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

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Jul 09 2015

From Russia with Cash: the London Laundry Exposed

Posted by: Nicholas Shaxson in: Thoughts

Cross-posted from the Tax Justice Network blog:

From Britain’s Channel 4, a superb exposé of Britain’s high-end property circus market and the willingness of sellers to accept money from all sources, no matter how dubious. It is hilarious and ghastly, at the same time.

This is money stolen from some of the world’s poorest people, going…

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Mar 18 2015

New Report: Ten Reasons to Defend the Corporate Income Tax.

Posted by: Nicholas Shaxson in: Thoughts

I was the main author of a new report published today by the Tax Justice Network, entitled Ten Reasons to Defend the Corporation Tax.

The short summary document is here, and the full document is here.

The press release reads:

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Mar 16 2015

Questioning the myth that low corporate taxes caused Ireland’s Celtic Tiger

Posted by: Nicholas Shaxson in: Thoughts

    Apologies for the relative lack of posts recently. I’ve been busy with the Tax Justice Network blog, and with a new project I’m involved in to look at the so-called ‘competitiveness’ of nations. The project has started with a new blog called Fools’ Gold, and I’m posting here one of the first blogs from that project, about Ireland.…

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    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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