Financial Transparency Coalition

Transcendent New Book Links Financial Crisis, Corruption, Crime to Offshore System It links terrorism to the financial crisis, corporate tax evasion to Mexican drug cartels, corrupt kleptocrats in developing countries to the ruling elites in some of the biggest countries in the world. It is the very opaque offshore financial system, and it is the focus of Nicholas Shaxson's enlightening new book, "Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens," which was just published in the United States this week. Reading like a John le Carré thriller, Treasure Islands whisks you from the echelons of...

Contact: Senator Levin’s Office Phone: 202.224.6221 U.S. Senator Carl Levin Introduces Nicholas Shaxson, Author of the New Book “Treasure Islands,” at the National Press Club Full Text, Speech as Prepared for Delivery Good morning. I’d like to thank Nick Shaxson and the Financial Accountability and Corporate Transparency Coalition for inviting me to discuss for a

As stuff.co.nz reports:

Tax haven activist Nicholas Shaxson has hit out at New Zealand for opposing a plan to create a UN body to tackle tax haven abuse. Shaxson, who has become famous following the publication of Treasure Islands: Tax Havens and the Men Who Stole the World, said New Zealand is letting down the developing world. He has also revealed that New Zealand has a growing reputation as an offshore haven itself. He predicts New Zealand will appear on the Tax Justice Network’s Financial Secrecy Index by 2013. In January, New Zealand’s permanent mission to the UN in New York said...

I have the following article in the latest edition of the London Review of Books:

In his budget last month George Osborne announced that if in the future a UK company runs its internal banking arrangements through a tax haven subsidiary it will benefit from a special tax rate of just 5.75 per cent of the resulting profits. The rate is exceptionally low: the same activity undertaken in the UK is taxed at 23 per cent. It is a change that will delight corporate tax avoiders everywhere: the UK will now condone the use of tax havens in locations such as...