How Tax Havens Harm Developing Countries
Nicholas Shaxson, Associate Fellow, Africa Programme, Chatham House and author of Treasure Islands: Tax Havens and the Men who Stole the World
Chair: Vanessa Rossi, Senior Research Fellow, International Economics Programme, Chatham House
Many people see tax havens as benign or even beneficial forces in the global economy, processing international financial flows of capital efficiently and making finance available where it is most needed. The speaker believes this view to be wrong and will argue that the range of harms that tax havens inflict on developing countries vastly outweighs any perceived benefits. Treasure Islands is the first comprehensive expose of the secret world of offshore tax havens and the role they played in every financial crisis since the 1970s, including the recent global economic crisis.
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