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Nicholas Shaxson

Treasure Islands

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  • Madina Tuleyevahas quoted4 years ago
    Small businesses are the lifeblood of local economies
  • Madina Tuleyevahas quoted4 years ago
    The U.S. government and many others have allowed tax havens to proliferate because the elites who use them are the world’s most powerful lobbyists
  • Madina Tuleyevahas quoted4 years ago
    Offshore connects the criminal underworld with financial elites and binds them together with multinational corporations and the diplomatic and intelligence establishments.
  • Madina Tuleyevahas quoted4 years ago
    The negotiator was wrong: Spencer was being disloyal only to offshore interests on Wall Street.
  • Madina Tuleyevahas quoted4 years ago
    Tides of financial capital flow around the world in response to small changes in these kinds of tax and secrecy incentives. The U.S. government needs foreign funds to flow in, and it attracts them by offering tax-free treatment and secrecy. This is offshore business, Spencer explained, and it had become central to the U.S. government’s global strategies for financing its deficits.
  • Madina Tuleyevahas quoted4 years ago
    It has taken me a long time to understand,” explains Joly, “that the expansion in the use of these jurisdictions [tax havens] has a link to decolonization. It is a modern form of colonialism.
  • Madina Tuleyevahas quoted4 years ago
    Elf Aquitaine has since been privatized and is now part of the Total group, which has an utterly different character from the old Elf.
  • Madina Tuleyevahas quoted4 years ago
    On an Elf credit card she had bought him gifts, including a pair of hand-made ankle boots from a Paris shop so exclusive that its owner offered to wash customers’ shoes once a year in champagne.
  • Madina Tuleyevahas quoted4 years ago
    France needed to install the right president: an authentic African leader who would be charismatic, strong, cunning, and, when it mattered, utterly pro-French.
  • Madina Tuleyevahas quoted4 years ago
    No: these things are only for les grands—the people who matter.
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