The Finance Curse, which was written by Nicholas Shaxson, was absolutely mind-blowing. This book explains how different places have set up their whole tax system to be more appealing to companies who set up their headquarters in these countries. Although Shaxson focuses mainly on the case of London and tax havens such as Luxembourg, the book is nonetheless a must-read. Personally, I did not find the book too hard to understand even though I had no previous knowledge in the finance field when I started reading the book. In “The Finance Curse,” Shaxson explains how money flows from the customer to tax havens and how small companies may actually be owned by huge companies based in tax havens.
The Finance Curse
By Nicholas Shaxson