Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens As the world grapples with the aftermath of the global financial crisis, many experts are left scratching their heads trying to make sense of the devastating impact it has had on economies around the globe. But what if the root cause of the crisis lies in something more sinister? What if the very fabric of our societies has been compromised by a secretive network of offshore banking and tax havens? This is the premise of Nicholas Shaxson's groundbreaking book, Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens. Shaxson, a former correspondent for the Financial Times and The Economist, embarks on a thrilling journey to uncover the truth behind the opaque world of tax havens and corporate masterminds. He reveals how offshore tax evasion has cost the US over $100 billion in lost revenue each year, and how this damage extends far beyond the financial realm, affecting the lives of millions of people. The book takes readers on a captivating ride from Moscow to London to Switzerland and Delaware, diving deep into the vast and secretive playground where bankers, multinational corporations, and nefarious tax evaders operate side by side with organized criminals and the world's wealthiest citizens. The author exposes the culprits and their victims, showing how offshoring practices have contributed to the latest financial crisis and widened the economic divide between the rich and the middle class.

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