Offshore: Tax Havens and the Rule of Global Crime

Offshore: Tax Havens and the Rule of Global Crime
ISBN-10
1595588469
ISBN-13
9781595588463
Series
Offshore
Category
Business & Economics
Pages
224
Language
English
Published
2012-01-24
Publisher
The New Press
Author
Alain Deneault

Description

Offshore reveals how the vast network of unregulated financial centers—from Luxemburg to the Cayman islands to the tiny Pacific haven of Nauru— amount to a nether realm of drug and arms trade profits, enormous private accounts, and multinational corporate financial holdings. Delving into the scandals, the financial structure, and the history of this hidden side of globalization, sociologist Alain Deneault depicts something larger and more ominous than simple “tax havens” where financial elites and corporations must reside X days out of every calendar year to protect their earnings. Instead, Offshore describes a global base of operations from which massive criminal enterprises and corrupt corporations operate freely and with impunity, menacing developing nations and advanced democracies alike.

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