Treasure Islands
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Treasure Islands : Tax Havens and the Men Who Stole the World

4.19 (788 ratings by Goodreads)
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Description

Billionaire Warren Buffet, currently the third wealthiest man in the world, paid the lowest rate of tax among his office staff, including his receptionist. In 2006 the world's three biggest banana companies did nearly GBP400 million worth of business in Britain but paid just GBP128,000 in tax between them. In January 2009, US law enforcement fined Lloyds TSB $350 million after it admitted secretly channelling Iranian and Sudanese money into the US banking system. Tax havens are the most important single reason why poor people and poor countries stay poor. They lie at the very heart of the global economy, with over half the world trade processed through them. They have been instrumental in nearly every major economic event, in every big financial scandal, and in every financial crisis since the 1970s, including the latest global economic downturn. In Treasure Islands, Nicholas Shaxson shows how this happened, and what this means for you.show more

Product details

  • Paperback | 384 pages
  • 128 x 194 x 24mm | 240.4g
  • Vintage Publishing
  • VINTAGE
  • London, United Kingdom
  • English
  • 0099541726
  • 9780099541721
  • 21,694

Review quote

Nicholas Shaxson is the author of Poisoned Wells, the Dirty Politics of African Oil, an Associate Fellow of the Royal Institute of International Affairs (Chatham House) and an experienced journalist.show more

About Nicholas Shaxson

Nicholas Shaxson is the author of Poisoned Wells, the Dirty Politics of African Oil, and an experienced journalist who has written regularly for the Financial Times, The Economist, Vanity Fair and many others.show more

Review Text

"Shaxson 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"show more

Rating details

788 ratings
4.19 out of 5 stars
5 44% (344)
4 38% (298)
3 15% (115)
2 3% (20)
1 1% (11)
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