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Havens in a Storm
Book

Havens in a Storm

The Struggle for Global Tax Regulation

Cornell UP, 2006 подробнее...

автоматическое преобразование текста в аудио
автоматическое преобразование текста в аудио

Editorial Rating

8

Qualities

  • Analytical
  • Innovative
  • For Beginners

Recommendation

The battle seemed like a no-brainer: The world’s superpowers launched an effort to force tiny tax havens such as the Cayman Islands, Barbados and Mauritius to raise their taxes. Yet, in this contentious war of words, the underdogs prevailed. In his look at the major nations’ four-year attempt to crack down on tax havens, J.C. Sharman produces an intriguing study of what the big countries did wrong and what the small states did right. While his style is stilted at times, Sharman delivers a trenchant analysis of this high-stakes dispute and its surprising outcome. getAbstract recommends this bracing David-and-Goliath story to readers seeking perspective on the tax wars in particular and on international relations in general.

Take-Aways

  • International tax havens, from Bermuda to Luxembourg, cost the U.S., Germany and other major economies billions in tax revenue every year.
  • In 1998, the Organization for Economic Cooperation and Development (OECD) pressed tax-haven nations to reform their policies.
  • They waged a war of words on four fronts: issues related to crime, national sovereignty, hypocrisy and the tactics of regulatory arguments.

About the Author

J.C. Sharman is senior lecturer in government and international relations at the University of Sydney. He also wrote Repression and Resistance in Communist Europe.


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