We are well aware of the rise of the 1% as the rapid growth of economic inequality has put the majority of the world’s wealth in the pockets of fewer and fewer. One much-discussed solution to this imbalance is to significantly increase the rate at which we tax the wealthy. But with an enormous amount of the world’s wealth hidden in tax havens—in countries like Switzerland, Luxembourg, and the Cayman Islands—this wealth cannot be fully accounted for and taxed fairly. No one, from economists to bankers to politicians, has been able to quantify exactly how much of the world’s assets are currently hidden—until now. Gabriel Zucman is the first economist to offer reliable insight into the actual extent of the world’s money held in tax havens. And it’s staggering. In The Hidden Wealth of Nations, Zucman offers an inventive and sophisticated approach to quantifying how big the problem is, how tax havens work and are organized, and how we can begin to approach a solution. His research reveals that tax havens are a quickly growing danger to the world economy. In the past five years, the amount of wealth in tax havens has increased over 25%—there has never been as much money held offshore as there is today. This hidden wealth accounts for at least $7.6 trillion, equivalent to 8% of the global financial assets of households. Fighting the notion that any attempts to vanquish tax havens are futile, since some countries will always offer more advantageous tax rates than others, as well the counter-argument that since the financial crisis tax havens have disappeared, Zucman shows how both sides are actually very wrong. In The Hidden Wealth of Nations he offers an ambitious agenda for reform, focused on ways in which countries can change the incentives of tax havens. Only by first understanding the enormity of the secret wealth can we begin to estimate the kind of actions that would force tax havens to give up their practices. Zucman’s work has quickly become the gold standard for quantifying the amount of the world’s assets held in havens. In this concise book, he lays out in approachable language how the international banking system works and the dangerous extent to which the large-scale evasion of taxes is undermining the global market as a whole. If we are to find a way to solve the problem of increasing inequality, The Hidden Wealth of Nations is essential reading.

The Guardian: "a useful guide". This 250 page book tells you everything you need to know about tax havens and how they can be used to reduce your taxes even after the G8 changes. The first half looks at the top 25 tax havens in detail. As well as covering the tax regime for each in detail we also look at how to obtain residence there, what its like to live and work there and typical property prices. The second half of the book looks at the tax planning strategies available and how you can use tax havens to reduce your taxes. Many of the strategies are the sames ones used by the large companies and super rich. We show you how to use these strategies to legally reduce your tax liabilities. Setting up offshore trusts, companies and foundations are all covered in detail. What Information is Contained in the Guide? This is the only book of its kind and The World's Best Tax Havens is written in clear English with plenty of examples and tax planning tips. You'll find out all about: How tax havens can help you pay less of the four 'Big Taxes': income tax, capital gains tax, inheritance tax and corporation tax. The best European tax havens, including one just 80 miles from the UK which has no capital gains tax, inheritance tax or company tax and is opening its arms to UK residents. Changes to the regime for a number of tax havens during 2015 A Mediterranean tax haven where property is booming, the cost of living is low and there is no capital gains tax or tax on investment income. Two beautiful Mediterranean islands where UK pensions are taxed at just 5% and 15% respectively. Everything you need to know about the gorgeous Caribbean tax havens: living there, buying property and setting up offshore companies and trusts. Countries covered include: Anguilla, The Bahamas, Barbados, The British Virgin Islands, The Cayman Islands, St Kitts and Nevis, and the Turks and Caicos Islands. How to become a HMWI and enjoy Gibraltar's fantastic lifestyle and low taxes. A prosperous English-speaking country just one hour from the UK with a company tax rate of just 12.5% and no tax on UK investment income or capital gains. The best Eastern European tax havens, from Estonia to Russia. Other important tax haven gems scattered around the globe -- some of these countries have 0% taxes, dirt cheap property and are practically begging you to go and take up what's on offer. Everything you need to know about setting up and using offshore companies and trusts. The tremendous benefits of foundations when it comes to protecting your privacy. How to protect your privacy with nominees Recent G20 changes Moving abroad to escape the taxman's clutches How to set up a completely anonymous offshore company using bearer shares. How big companies and the rich use tax havens to lower their taxes and keep their wealth strictly private and protected from the outside world. And much more... Which tax havens does the book cover? The book covers the following offshore tax havens: Andorra Anguilla The Bahamas Barbados Belize Bermuda The British Virgin Islands (BVI) Campione The Cayman Islands The Channel Islands The Cook Islands Costa Rica Cyprus Dubai Eastern Europe Gibraltar Hong Kong Ireland Isle of Man Italy Liechtenstein Malta Monaco Panama Seychelles Singapore St Kitts and Nevis Switzerland Turks and Caicos Islands (TCI) United States Denmark United Kingdom Labuan Floating Tax Havens

From the Cayman Islands and the Isle of Man to the Principality of Liechtenstein and the state of Delaware, tax havens offer lower tax rates, less stringent regulations and enforcement, and promises of strict secrecy to individuals and corporations alike. In recent years government regulators, hoping to remedy economic crisis by diverting capital from hidden channels back into taxable view, have undertaken sustained and serious efforts to force tax havens into compliance. In Tax Havens, Ronen Palan, Richard Murphy, and Christian Chavagneux provide an up-to-date evaluation of the role and function of tax havens in the global financial system-their history, inner workings, impact, extent, and enforcement. They make clear that while, individually, tax havens may appear insignificant, together they have a major impact on the global economy. Holding up to $13 trillion of personal wealth-the equivalent of the annual U.S. Gross National Product-and serving as the legal home of two million corporate entities and half of all international lending banks, tax havens also skew the distribution of globalization's costs and benefits to the detriment of developing economies. The first comprehensive account of these entities, this book challenges much of the conventional wisdom about tax havens. The authors reveal that, rather than operating at the margins of the world economy, tax havens are integral to it. More than simple conduits for tax avoidance and evasion, tax havens actually belong to the broad world of finance, to the business of managing the monetary resources of individuals, organizations, and countries. They have become among the most powerful instruments of globalization, one of the principal causes of global financial instability, and one of the large political issues of our times.

"Dirty money, tax havens and the offshore system describe the ugliest and most secretive chapter in the history of global economic affairs. Tax havens have declared war on honest, law-abiding people around the world. Wealthy individuals hold over ten trillion dollars offshore. Tax havens are the most important single reason why poor people and poor countries stay poor. Britain and the United States are the world's two most important tax havens. Tax havens now lie at the very heart of the global economy. Over half of world trade, and most international lending, is processed through them. Tax havens have been instrumental in nearly every major economic event, in every big financial scandal, and in every financial crisis since the 1970s, including the latest global economic crisis. "Treasure Islands" show how this happens and reveal what the economics text books will not tell you."

An ever increasing number of Americans are convinced that our country is no longer the land of safety or opportunity when it comes to their money and investments. These people recommend transferring your money to offshore tax havens in such countries as Dubai, Hong Kong, Switzerland, Liechtenstein, and Panama. In fact, it has recently been estimated that nearly 60 percent of the world s money is located in offshore accounts. Legal Off Shore Tax Havens will show you how to protect your money and remain legal while doing so. Off shore tax havens are sovereign nations that have laws in place that protect people s financial privacy, assets, and cash. In this new, exhaustively researched book, you will find out how to take advantage of this system. You will learn how the system works, how to develop business opportunities, how to avoid excessive taxation and regulation, how to bank and invest off shore, how to find the tax haven that is right for you, and how to avoid scams. In addition, you will learn about the safest, most private nations, the best off shore banks and tax havens, what is and what is not legal, the best haven for your specific purposes, mistakes to avoid, legal issues, and basic off shore entities. You will also learn how sophisticated tax avoiders use countries such as Ireland, Austria, and the Netherlands to avoid suspicion; how to use residential tax havens, including Argentina and Costa Rica; and how to use Greece, the Phillipines, and Jordan as completely tax-free havens. Legal Off Shore Tax Havens will provide you with the strategies, knowledge, and contacts you need to avoid expensive mistakes and make the most of your offshore pursuits. This book is for those who are weary of paying high taxes and who are suspicious of the government. Whether you are seeking to move your business s money or your own personal finance, this book will provide you with all the necessary information to make a smooth, legal transition. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company presidentâe(tm)s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

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.