Nov 19 2010

Praise

A fascinating, chilling book
- Paul Krugman

An utterly superb book . . . a story told with uncommon vigor and insight.
- Jeffrey Sachs (also here.)

Perhaps the most important book published in the UK so far this year
- George Monbiot, The Guardian

An absolutely riveting book . . . . a gobsmacking indictment of a global conspiracy that makes City bonuses seem like small change.
- The Herald

A blistering account of the role that tax havens play in international finance. . . brilliant.”
- London Review of Books

Combines meticulous research with amusing anecdotes, resulting in a very readable account of the murky world of offshore and a strong moral message that the system needs to be changed.
- Financial Times

A bombshell
- Bibi van der Zee, The Guardian

A vigorous and well-researched polemic
- Foreign Affairs

Should be on everyone’s bookshelf.
- Pauline Skypala, Financial Times

This excellent book … breathtaking and terrifying.
- Irish Times

Treasure Islands has prised the lid off an important and terrifying can of worms
- Literary Review

“la remarquable étude de Nicholas Shaxson”
- Mediapart

“This engrossing book will make you think again . . . first-rate forensic work.”
- The Independent.

Put down this magazine now and rush to your local library or closest bookshop and get your hands on perhaps the most important book to appear in recent years for those who care about social justice.
- Red Pepper

Nicholas Shaxson’s excellent Treasure Islands
- David Cay Johnston

A fascinating narrative that is both analytically compelling and rich in institutional detail.
- Nancy Folbre, New York Times Economix site.

Treasure Islands, Nicholas Shaxson’s excellent book on the global offshore tax system
- Financial Times Alphaville

This important new book
- Lee A. Sheppard, Tax Notes

Possibly the most important political book that I have read since The Spirit Level.
- Stuart Weir,
co-founder of Charter 88, former editor of the New Statesman

Nicholas Shaxson digs deeper than any previous research on the size and shape of global finance and the extent to which it is now beyond the reach of most national governments. . . essential context for the likely next scenarios as 24-7 high-frequency trading in globalized financial markets outstrips the fixed geographies of nations and their governments.
- Seeking Alpha

Shaxson admirably lays out the history of how tax havens have become such an insidious feature of the global economy. . . . his book will help us get serious about shutting down offshore tax abuses
- Senator Carl Levin, chair of U.S. Permanent Subcommittee on Investigations

A must read for anyone who wants to understand the hidden reasons why financial services firms have become so powerful and impossible to reform.
- Yves Smith,
creator of Naked Capitalism and author of Econned

Shaxson does an outstanding and socially valuable job in penetrating the impenetrable and finds a deeply shocking world.
- Nicholas Stern,
former World Bank chief economist, author of The Stern Review

A powerful exposé of the offshore world
- Private Eye

Uplifting . . reveals the incredible networks woven by the City
- Le Monde

Nothing short of Shakespearean, a drama full of secrecy, treachery and corruption.
- Kirkus Reviews

I would go as far as saying this book is the No Logo for a new century.
- Sunny Hundal, Liberal Conspiracy

Shaxson shows us that the global financial machine is broken and that very few of us have noticed.
- New Statesman

Tax havens have faced the treaty onslaught of the OECD and stared the leaders of the G20 in the eyes, but it is a new book, adopted by grass-roots tax-justice campaigners and the media alike, which is now causing them most aggravation. . . . A polemical yet erudite study.
- Spears magazine

Shortlist - Spears Business Books of the Year

Best financial and economic books of 2011 – Financieele Dagblad

At last, a readable – indeed gripping – book which explains the nuts and bolts of tax havens. More importantly, it lays bare the mechanism that financial capital has been using to stay in charge: capturing government policy-making around the world, shaking off such irritants as democracy and the rule of law, and making sure that suckers like you and me pay for its operators’ opulent lifestyles.
- Misha Glenny,
author of McMafia

The excellent Treasure Islands . . . Shaxson comes as close to anyone ever has in getting to the crux of the tax haven conundrum, which is to attempt to answer the question: why are they tolerated?
- Evening Standard

A dismaying Big Bang of a book: a chronicle of capitalism’s frailty and foulness that digs far beyond its tax haven title.”
- Peter Preston, The Guardian

For quite a while I have not read such a well-researched, good to read and politically relevant book
- Christian Humborg, Executive Director of the German Chapter of Transparency International

The struggle against money power is a struggle for human freedom, and Nicholas Shaxson’s investigation is a timely exposé of where the plunder is buried.
- John Pilger,
broadcaster and author of Heroes

A superb and crucial book.
- New Internationalist

Treasure Islands is the best book on tax havens, ever. It shines a light in some very dark places. It reads like a thriller. The shocking thing is, it’s all true. The world’s suppliers of corruption services – the bankers, lawyers and accountants working from tax havens – won’t want you to read this book. Which is exactly why you should.
- Richard Murphy,
Director of Tax Research UK

Pacy, well-written book . . . a page-turner. Whatever tall tales Nicholas Shaxson told his publisher to get this book signed off, I’m glad he did.
- Sunday Times

Nicholas Shaxson shows that the real challenge to America’s economy comes not from China – but from the Caymans, the Bahamas, and a whole hot-money archipelago loosely under the control of the City of London.  If only as a civics lesson, read this astonishing book to find out the true political constitution of the world.
- Thomas Geoghegan, author of Were You Born on the Wrong Continent?

An easily digestible overview of the labyrinthine nature of the world of offshore finance.
- Seeking Alpha

A useful critique
- Tyler Cowen

Nicholas Shaxson’s excellent book on tax havens
- Ed Conway, economics editor, Sky News

Off-shore is not a remote place, it is a process of colossal tax evasion and regulatory warfare.  ‘Offshore’ is a clear, present and immediate threat to every nation’s ability to support and protect its citizens and control its economy. ‘Offshore’ is a partly orchestrated, partly evolved world of stateless money and power populated and used by a loyalty free financial elite to degrade Democracy, suborn Sovereignty and destroy national Independence.  Profound charges you might think. And so they are. And in a lesser book you might discount them as perhaps a little hysterical. But not in Mr Shaxson’s book because of page after page after chapter, of documented evidence. The freight train of evidence is a testament to Shaxson’s hard and thorough work, but also to the fact that so little of this story has been told elsewhere.
David Malone, author of The Debt Generation

Far more than an exposé, Treasure Islands is a brilliantly illuminating, forensic analysis of where economic power really lies, and the shockingly corrupt way in which it behaves. If you’re wondering how ordinary people ended up paying for a crisis caused by the reckless greed of the banking industry, this compellingly readable book provides the answers.
- David Wearing,
co-editor of New Left Project

An absolute gem that deserves to be read by anyone interested in the way contemporary globalization is undermining social justice. Give it to your sons, daughters, families, favourite legislators and anyone else needing stimulation of their thoughts. This masterpiece illuminates the dark places and shows the visible hand of governments, corporations, banks, accountants, lawyers and other pirates in creating fictitious offshore transactions and structures and picking our pockets.
Prem Sikka, Professor of Accounting, University of Essex

They who sold us globalisation as a way of the whole world getting richer with fair rules, cheated us by letting the rich and powerful go “offshore”. This gripping exposé should help end the scandal.
- Anthony Barnett,
Founder, openDemocracy

In this riveting, well-written expose, Shaxson goes deep into the largely unexamined realm of offshore money. In the process, he reveals that this shadow world is no mere sideshow, but is troublingly central to modern finance, with the US and the UK as leaders. The resulting abuses are widespread, ranging from tax revenue stripping from African nations to individuals and corporations escaping enforcement and accountability. A must read for anyone who wants to understand the hidden reasons why financial services firms have become so powerful and impossible to reform.
- Yves Smith,
creator of Naked Capitalism and author of Econned

Every once in a while a book comes along that changes a mass audience’s view of the world. . . .It seems Treasure Islands is the wake-up call the world has been waiting for.
- Green Left

Transcendent, enlightening . . like a John le Carré thriller.
- Task Force on Financial Integrity & Economic Development

The best book I’ve read so far this year
- John O’Farrell, AgendaNI (Northern Ireland)

Meticulously researched and riveting . . . a jaw-dropper of an exposé. Shaxson takes an extremely complex issue and renders it all comprehensible
- Joan Baxter
, Rabble.ca
Praise in Germanhere.