Tax havens : how globalization really works /

Tax havens : how globalization really works /

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Bibliographic Details
Author / Creator:	Palan, Ronen, 1957-
Imprint:	Ithaca, N.Y. : Cornell University Press, 2010.
Description:	1 online resource (x, 270 pages) : illustrations
Language:	English
Series:	Cornell studies in money Cornell paperbacks Cornell studies in money. Cornell paperbacks.
Subject:	Tax havens. Tax evasion. International finance. Globalization. Globalization. International finance. Tax evasion. Tax havens. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11180740

Hidden Bibliographic Details
Other authors / contributors:	Murphy, Richard, 1958- Chavagneux, Christian.
ISBN:	9780801468568 0801468566 9780801447358 0801447356 9780801476129 0801476127 0801468558 9780801468551 1322505438 9781322505435
Digital file characteristics:	data file
Notes:	Includes bibliographical references and index. English.
Summary:	"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 system--their history, inner workings, impact, extent, and enforcement."--Page [iv] of cover. From 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 system--their 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 wealth--the equivalent of the annual U.S. Gross National Product--and serving as the legal home of two million corporate entities and half of all international lending banks, tax havens also skew the distribution of globalization's costs and benefits to the detriment of developing economies. -- Publisher description.
Other form:	Print version: Palan, Ronen, 1957- Tax havens. Ithaca, N.Y. : Cornell University Press, 2010

Table of Contents:

What is a tax haven?
Tax havens : vital statistics
The instruments of tax havens
Origins of the tax havens
The British Empire strikes back
Tax havens and the developed world
Issues in development
Signs of discontent
Institutional attacks on tax havens
Tax havens in the twenty-first century.