The Price of Offshore, Revisited

   1   0 Reports, Size of the Problem

The ObsJuly 22, 2012

Update, June 2014: TJN responds to attacks on the report (pdf here).

MAIN REPORT 1 – The Price of Offshore RevisitedTJN’s in-depth and unprecedented study into the size of the offshore system of tax havens and/or secrecy jurisdictions. The report estimates that some $21-32 trillion is stashed offshore, in conditions of low or zero tax and substantial secrecy.

MAIN REPORT 2 – Inequality: You don’t know the half of itTJN’s assessment of why inequality is much worse than we think

Appendix 1: The pre-history of offshore estimates

Appendix 2Explaining Capital Flight

Appendix 3

Related Posts

New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]


New Report: HMRC’s “Building our Future” programme

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]


About The Author

Nicholas Shaxson is a journalist and writer on the staff of Tax Justice Network. He is author of the book Poisoned Wells about the oil industry in Africa, published in 2007, and the more recent Treasure Islands: Tax havens and the Men who Stole the World, published by Random House in January 2011. He lives in Berlin
View all posts by

One thought on “The Price of Offshore, Revisited

  1. Ret Marut says:

    Am trying to access the “detailed 18-month research project” described in today’s Guardian but all I get is your excellent 2012 report and the 2014 update. Your links don’t work. Am also unsure why your report(s) wasn’t widely cited during Panama Papers rollout. Thanks for this essential work.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top