TY - JOUR AU - Boote, Christopher AB - Journal of Economic Geography 11 (2011) pp. 753–756 doi:10.1093/jeg/lbr008 Advance Access Published on 20 April 2011 estimate that there are between 50 and 60 tax Book Reviews havens in the world, and approximately 50% of all international bank lending and 30% of the world’s stock of foreign direct investment Tax havens: how globalization are registered in these jurisdictions. Wealthy really works individuals are estimated to hold close to $12 trillion in tax havens—an equivalent of the US annual GDP. Tax havens are used extensively Ronen Palan, Richard Murphy and Christian by investment banks, hedge funds and other Chavagneux financial intermediaries, and serviced by ac- Ithaca, NY: Cornell University Press 2010 countancy firms (with the ‘Big Four’ in the ISBN: 978-0-8014-7612-9 lead) and tax consultants, often from their 248 pp. £16.50 (Paperback) offices in London and New York City. The authors argue that tax havens are an important Tax Havens provides a pertinent introduction contributor to the power of the City and the to a subject that has seen a surge in popular Wall Street as the leading global financial interest in the face of fiscal austerity. This book centers (see also Treasure Islands: Tax Havens gives the reader an TI - Tax havens: how globalization really worksRonen Palan, Richard Murphy and Christian Chavagneux JO - Journal of Economic Geography DO - 10.1093/jeg/lbr008 DA - 2011-07-20 UR - https://www.deepdyve.com/lp/oxford-university-press/tax-havens-how-globalization-really-worksronen-palan-richard-murphy-73k3kHlGYd SP - 753 EP - 756 VL - 11 IS - 4 DP - DeepDyve ER -