Havens in a Storm: The Struggle for Global Tax Regulation

by J.C. Sharman

Small states have learned in recent decades that capital accumulates where taxes are low; as a result, tax havens have increasingly competed for the attention of international investors with tax and regulatory concessions. Economically powerful countries including France, Britain, Japan, and the United States, however, wished to stanch the offshore flow of domestic taxable capital. Since 1998 the Organisation for Economic Co-operation and Development...

• Format: Hardcover
• Language: English
• ISBN: 0801445043
• ISBN13: 9780801445040
• Release Date: November 2006
• Publisher: Cornell University Press
• Length: 224 Pages
• Weight: 1.04 lbs.
• Dimensions: 0.8" x 6.6" x 9.2"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher

Customer Reviews

Comprehensive inside into tax havens

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.