The super-rich and offshore worlds

Elite Mobilities

Volumn , Issue , 2013, Pages 226-240

  Urry, John ^a  

^a LANCASTER UNIVERSITY   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84905936951     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4324/9780203078532     Document Type: Chapter

References (65)

1. Karl Marx and Friedrich Engels, The Manifesto of the Communist Party (Moscow: Foreign Languages, [1848] 1952), pp. 54-55.
2. Joseph Stiglitz, Making Globalization Work (Harmondsworth: Penguin, 2007).
3. The first of these doom-laden texts in the UK was published in 2003 by Martin Rees, President of the UK's Royal Society. See the provocatively titled Our Final Century (London: Arrow, 2003)
4. John Urry, Climate Change and Society (Cambridge: Polity, 2011), ch. 2.
5. Zygmunt Bauman, Liquid Love (Cambridge: Polity, 2003)
6. Zygmunt Bauman, Collateral Damage: Social Inequalities in a Global Age (Cambridge: Polity, 2011)
7. Zygmunt Bauman and David Lyon, Liquid Surveillance: A Conversation (Cambridge: Polity, 2012).
8. William Brittain-Catlin, Offshore. The Dark Side of Globalisation (New York: Picador, 2005), p. 118.
9. The term 'dodging' is used to gloss the distinction between actions which are legal (avoidance) and those that are illegal (evasion), tarring them all with the same critical brush.
10. See the listing of tax havens based upon the index of financial secrecy: http://en.wikipedia.org/wiki/Financial_Secrecy_Index (accessed 28 January 2012).
11. http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)#List (accessed 23 July 2012).
12. Tax Justice Network, 'Revealed: global super-rich has at least $21 trillion hidden in secret tax havens', 22 July 2012, www.taxjustice.net/cms/upload/pdf/The_Price_of_Offshore_Revisited_Presser_120722.pdf (accessed 23 July 2012).
13. Nicholas Shaxson, Treasure Islands (London: Bodley Head, 2011), pp. 7-10
14. Mark Hampton, John Christensen, 'A provocative dependence? The global financial system and small island tax havens', in Feargal Cochrane, Rosaleen Duffy and Jan Selby (eds) Global Governance, Conflict and Resistance (London: Palgrave, 2003)
15. Tax Justice Network, 'Revealed: global super-rich has at least $21 trillion hidden in secret tax havens', op. cit. Estimates here are notoriously difficult and the figures quoted here are all said to be on the conservative side. 11 Shaxson, Treasure Islands, p. 7.
16. Lee Hadnum, The World's Best Tax Havens (Kirkcaldy: Taxcafé, 2011), and www.taxhavens.biz (accessed July 4, 2012).
17. Amazon, which itself avoids UK corporation tax through locating its headquarters in Luxembourg, reports that many customers purchase both Hadnum's book and that by Shaxson!
18. David Runciman, 'Didn't they notice?', London Review of Books, April 14, 2011, pp. 20-23
19. Shaxson, Treasure Islands, ch. 3. Robert Harris's novel The Fear Factor captures the power and allure of the Swiss façade for establishing an innovative hedge fund in Geneva (London: Random House, 2011).
20. Deborah Ball, 'Tax haven's tax haven pays a price for success, Wall Street Journal August 29, 2011, http://online.wsj.com/article/SB10001424053111904875404576528123989551738.html (accessed July 19, 2012).
21. Offshore Law Directory website at http://www.offshorelawdirectory.com (accessed May 13, 2013).
22. Runciman, 'Didn't they notice?', pp. 20-21.
23. Mark Hampton and John Christensen, 'A provocative dependence? The global financial system and small island tax havens', in Feargal Cochrane, Rosaleen Duffy and Jan Selby (eds) Global Governance, Conflict and Resistance (London: Palgrave, 2003).
24. Runciman, 'Didn't they notice?', pp. 20-23.
25. The Telegraph, 'Tax haven activity rife, despite G20 crackdown promise', October 4, 2011, www.telegraph.co.uk/finance/personalfinance/offshorefi-nance/8805988/Tax-haven-activity-rife-despite-G20-crackdown-promise-says-Tax-Justice-Network.html# (accessed July 4, 2012).
26. Shaxson, Treasure Islands, ch. 6
27. Carrick Mollenkamp, 'Senators doubtful as HSBC touts money-laundering fixes', Reuters, July 18, 2012, http://uk.reuters.com/article/2012/07/18/uk-hsbc-compliancenidUKBRE86H03J20120718 (accessed July 23, 2012).
28. Bill Maurer, Recharting the Caribbean (Ann Arbor: University of Michigan Press, 2000), ch. 8
29. BVI Incorporation, 'Other Advantages of BVI IBCs', www.bviincorporation.com/2/Other.Advantages/ (accessed 23 July 2012).
30. Hampton and Christensen, 'A provocative dependence?'
31. Rowland Atkinson and Sarah Blandy, 'A picture of the floating world: grounding the secessionary affluence of the residential cruise liner', Antipode, 41: 92-110, p.
32. The Telegraph, 'Tax haven activity rife, despite G20 crackdown promise', op. cit.
33. Mimi Sheller, 'Infrastructures of the imagined island: software, mobilities, and the new architecture of cyberspatial paradise', Environment and Planning A 2009, 41: 1386-1403.
34. Pierre Bourdieu, The Logic of Practice (Cambridge: Polity Press, 1990), p. 133.
35. Scott Lash and John Urry, The End of Organized Capitalism (Cambridge: Polity, 1987), pp. 202-209
36. Shaxson, Treasure Islands, ch. 5.
37. Shaxson, Treasure Islands, p. 90.
38. Shaxson, Treasure Islands, pp. 91-93.
39. Trevor Evans, 'Money makes the world go round', Capital and Class, 1985, 24: 99-124+109
40. Warren Hogan and Ivor Pearce, The Incredible Eurodollar (London: Unwin, 1984)
41. Lash and Urry, The End of Organized Capitalism, pp. 204-205.
42. Shaxson, Treasure Islands, p. 101.
43. Hogan and Pearce, The Incredible Eurodollar, pp. 158-160.
44. Shaxson, Treasure Islands, pp. 12-13.
45. Ronen Palan, The Offshore World (Ithaca: Cornell University Press, 2003), p. 135.
46. Shaxson, Treasure Islands, p. 146.
47. Nick Kochan, The Washing Machine (London: Duckworth, 2006), especially ch. 2.
48. Stiglitz, Making Globalization Work
49. Paul Krugman, The Return of Depression Economics (Harmondsworth: Penguin, 2008)
50. George Soros, The New Paradigm for Financial Markets (London: Public Affairs Ltd, 2008).
51. Saskia Sassen, 'Too big to save: the end of financial capitalism', Open Democracy News Analysis, January 1, 2009.
52. Shaxson, Treasure Islands, pp. 190-191.
53. Susan Strange, Casino Capitalism (Manchester: Manchester University Press, 1997)
54. Nouriel Roubini and Stephen Mihm, Crisis Economics (London: Penguin, 2011), p. 231.
55. Kathleen Madigan, 'Like the phoenix, U.S. finance profits soar', WSJ Blogs, March 25, 2011, http://blogs.wsj.com/economics/2011/03/25/like-the-phoenix-u- finance-profits-soar (accessed January 4, 2012)
56. Spiegel Online, 'Out of control: the destructive power of the financial markets', www.spiegel.de/international/business/out-of-control-the-destructive-power-of-the-financial- markets-a-781590.html (accessed July 28, 2012).
57. Shaxson, Treasure Islands, p. 31.
58. David M. Gross (ed.), We Won't Pay!: A Tax Resistance Reader (CreateSpace 2008).
59. Hampton and Christensen, 'A provocative dependence?', p. 204.
60. Tax Justice Network, 'Tax havens cause poverty', www.taxjustice.net/cms/front_content.php?idcatart=2&lang=1 (accessed July 24, 2012).
61. Tax Justice Network, 'Revealed: global super-rich has at least $21 trillion hidden in secret tax havens', op. cit.
62. Mary Mellor, The Future of Money (London: Pluto, 2010).
63. John Maynard Keynes, 'National Self-Sufficiency', The Yale Review, 1933, 22: 755-769.
64. John Maynard Keynes, The General Theory of Employment, Interest and Money (London: Macmillan, 1961 [1936]), p. 372.
65. Spiegel Online, 'Out of control', op. cit.