Jun 14 2011

Tax Notes – new review by Lee Sheppard

Posted by: Nick Shaxson in: Thoughts

There’s a nice review of Treasure Islands in the U.S. publication Tax Notes by Lee A. Sheppard, who is something of a star writer in this field. It’s mostly a descriptive review, and unfortunately for most readers it’s subscription-only – and it calls Treasure Islands “his important new book.” It is scathing about the OECD’s tax haven initiatives – as I am – and contains a number of excellent observations, such as:

“The OECD has attempted to treat tax havens as equals and enter into constructive discussion with them.

This is ridiculous. There is no such thing as a constructive discussion with any government the very existence of which is predicated on an escape hatch from developed-country taxation and financial regulation.”

Quite so. Another one for the praise page.

Update: P.S. another thoughtful and well-written blog review here.

“it provides a compelling new perspective for understanding many of the key themes of post-War history, from the decolonisation of the European Empires, to the travails of ‘development’ policy in the global south, to the rise of neoliberalism since the 1970s and the endemic instability that has characterised the global economy ever since.
. . .
Treasure Islands will make difficult reading for anyone who holds on to the myth of Britain’s dignified imperial decline and modestly positive influence in the modern world.”

Well, yes, those are some of the things I hoped to achieve when I set out to write it. And for those interested in a French-language blog review of Treasure Islands, take a look at this blog from a Frenchman in London. It covers quite a lot of ground too and is a useful overview of many of the issues.

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