Description
Book SynopsisFrom the Cayman Islands and the Isle of Man to the Principality of Liechtenstein and the state of Delaware, tax havens offer lower tax rates, less stringent regulations and enforcement, and promises of strict secrecy to individuals and corporations alike. In recent years government regulators, hoping to remedy economic crisis by diverting capital from hidden channels back into taxable view, have undertaken sustained and serious efforts to force tax havens into compliance.In Tax Havens, Ronen Palan, Richard Murphy, and Christian Chavagneux provide an up-to-date evaluation of the role and function of tax havens in the global financial systemtheir history, inner workings, impact, extent, and enforcement. They make clear that while, individually, tax havens may appear insignificant, together they have a major impact on the global economy. Holding up to $13 trillion of personal wealththe equivalent of the annual U.S. Gross National Productand serving as the legal home of two milli
Trade Review
If you are looking to understand how tax havens and offshore financial centers work, how they are governed (or not!), and what kind of economic and political impacts they have, then this book is for you! This recent text by well-recognized experts in the field is a most welcome addition to the literatures.... It fills an important void, since there was not until now a general but nevertheless detailed reference text on tax havens... it should be mandatory for courses in IPE, international finance, and international business.
-- Patrick Leblond * Political Science Quarterly *
Table of ContentsIntroductionPart I: Tax Havens and Their Uses
1. What is a Tax Haven?
2. Tax Havens: Vital Statistics
3. The Instruments of Tax HavensPart II: The Evolution of Tax Havens
4. Origins of the Tax Havens
5. The British Empire Strikes BackPart III: Tax Havens in World Politics
6. Tax Havens and the Developed World
7. Issues in DevelopmentPart IV: The Battle for Hearts And Minds
8. Signs of Discontent
9. Institutional Attacks on Tax Havens
10. Tax Havens in the Twenty-First CenturyConclusionGlossary
References
Index
