Top positive review
24 people found this helpful
Fascinating and Important
on 4 April 2013
Have you ever wondered how just after the 2nd World War when Britain was almost bankrupted by the War effort government could afford to set up the NHS, have a massive house-building programme, hugely expand education (unbelievable as it may seem to young people today when I went to University there were no Tuition fees or loans and students were paid a grant to cover living costs.)Today we live in a much richer society yet we're told every element of public spending is "unaffordable".
This book explains how the rich stopped paying their share. How huge amounts of money avoids tax by being routed through the likes of the Cayman Islands or Jersey. How large countries like Britain and the USA have virtually given up attempting to stop tax evasion and instead become tax havens themselves.
If you want to understand how we've created a society where a few people are incredibly rich and getting richer at an ever increasing rate while real incomes after inflation have been falling for everyone else for over thirty years this book explains the huge role tax havens have played in creating it. If you read this book the next time a politician boasts about "deregulation" you'll understand that it doesn't just mean horse-meat in burgers. it's also the reason Warren Buffet pays a lower proportion of his income in tax that his receptionist and the reason there's no money to run the local library or fix potholes in the street.
I can't recommend this book highly enough.