Tag Archives: offshore

Shaxson, Nicholas. Treasure islands: Uncovering the Damage of Offshore Banking and Tax Havens. 2011. Palgrave Macmillan. UK. ISBN 978-0-230-10501-0

Review by Theresa Wolfwood “Societies grant corporations immense privileges, such  as limited liability…they have also been granted the right to be treated as artificial legal entities that can relocate to different  jurisdictions almost at will, irrespective of where they really do business. In exchange for these remarkable privileges, corporations were originally held to a set of obligations to the societies in which they are embedded: notably to be transparent about their affairs and to pay taxes.” “The offshore system has undermined Read more [...]

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