Dirty Secrets
How Tax Havens Destroy the Economy
Published on 7. February 2017
224 pages
978-1-78663-168-8 (ISBN)
Description
The Panama Papers demonstrated that the superrich hide their wealth from the rest of us. Dirty Secrets shows that this was not by accident, but by design. It was the result of a powerful alliance of the wealthy, their advisers and the state that has undermined all attempts to solve the tax haven problem.
This is because tax havens are the unacknowledged heart of globalized capitalism. Their purpose is to provide freedom from regulation. The exponents say this makes markets work and so we all gain. But this argument has now failed. Furthermore democracy itself is being threatened by the political fallout from the mistrust this regime has created.
The result is that tax havens are now a threat to the very system that supposedly spawned it. Dirty Secrets is the most revelatory examination of the crisis by a leading expert, but also offers solutions on how governments can regulate havens and what the world might look like without them.
This is because tax havens are the unacknowledged heart of globalized capitalism. Their purpose is to provide freedom from regulation. The exponents say this makes markets work and so we all gain. But this argument has now failed. Furthermore democracy itself is being threatened by the political fallout from the mistrust this regime has created.
The result is that tax havens are now a threat to the very system that supposedly spawned it. Dirty Secrets is the most revelatory examination of the crisis by a leading expert, but also offers solutions on how governments can regulate havens and what the world might look like without them.
More details
Edition
Ebook UK & RoW
Language
English
Place of publication
London
United Kingdom
Product notice
Reflowable
ISBN-13
978-1-78663-168-8 (9781786631688)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Book
02/2017
Verso Books
€16.50
Shipment within 3-4 weeks
Person
Richard Murphy is a UK chartered accountant. He has been described as the architect of 'Corbynomics' as part of the Corbyn campaign for leadership of the Labour Party. In 2015 he became Professor of Practice in International Political Economy at City University, London. He is joint author of Tax Havens: How Globalization Really Works. He has also written The Courageous State and The Joy of Tax.
Content
- Intro
- Halftitle Page
- Title Page
- Copyright Page
- Dedication
- Contents
- Introduction
- Chapter 1: The Story of Tax Havens
- Chapter 2: The Problems of Secrecy
- Chapter 3: What Is a Tax Haven?
- Chapter 4: The Tax Haven World
- Chapter 5: The Cost of Tax Havens
- Chapter 6: Tackling Tax Havens
- Chapter 7: The Post-Tax Haven World
- Acknowledgements
- Appendix 1: Financial Secrecy Index
- Appendix 2: Tax Justice Network Assessment Criteria
- Appendix 3: Secrecy Index Rankings
- Notes
- Index
