Ronen Palan, Richard Murphy, and Christian Chavagneux
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Ithaca, N.Y. :
Name of Publisher, Distributor, etc.
Cornell University Press,
Date of Publication, Distribution, etc.
2010
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
x, 270 p. :
Other Physical Details
ill. ;
Dimensions
24 cm
SERIES
Series Title
Cornell paperbacks
Series Title
Cornell studies in money
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references and index
CONTENTS NOTE
Text of Note
Introduction -- 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 -- Conclusion -- Glossary
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SUMMARY OR ABSTRACT
Text of Note
"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."--P. [iv] of cover
Text of Note
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