Capital without Borders: Wealth Managers and the One Percent
| Author | : | |
| Rating | : | 4.12 (527 Votes) |
| Asin | : | 0674743806 |
| Format Type | : | paperback |
| Number of Pages | : | 400 Pages |
| Publish Date | : | 2013-10-11 |
| Language | : | English |
DESCRIPTION:
Based on sixty-five practitioner interviewsconducted in the traditional financial centers of Europe and the Americas as well as the up-and-coming tax havens of Africa, Asia, and the South PacificCapital without Borders gives voice for the first time to an elite that has worked quietly and unobtrusively to enrich the one percent.. She then “followed the money” to the eighteen most popular tax havens in the world, interviewing practitioners to understand how they helped their high-net-worth clients avoid taxes, creditors, and disgruntled heirsall while staying just within the letter of the law.Capital without Borders reveals how wealth managers use offshore banks, shell corporations, and trusts to shield billions in private wealth not only from taxation but from all manner of legal obligations. Brooke Harrington spent nearly eight years studying this little-known groupincluding two years training to become a wealth manager herself. How do the one percent hold on to their wealth? And how do they keep getting richer, despite financial crises and the myriad of taxes on income, capital gains, and inheritance? Capital without Borders takes a novel approach to these questions by looking at professionals who specialize in protecting the fortunes of
(Richard Cooper Foreign Affairs 2016-11-01)A valuable new book… What makes Harrington’s book unusual is that she chose instead to investigate the wealth management industry itself. Instead of uncritically blaming the wealthy and the super-rich or national and state governments, it is high time to focus our attention on the brokers, intermediaries and agents who constitute the ‘middleman economy’ of global inequality. (M. The result is an insight unlike any other into how wealth management works… One of the many merits of Brooke Harrington’s study, therefore, is how it shows that the wealth management industry is a
. Brooke Harrington is Associate Professor of Sociology at Copenhagen Business School, Denmark
"Outstanding! A thorough professional explanation of how the U" according to Felix. Outstanding! A thorough professional explanation of how the U.S. rich hide their money. Particularly appropriate in this current political moment. Clearly explains the nature, role and efficiency of "wealth managers.". Very Informational on the Wealth Management Profession Eye opener to global management of wealth. Many actions are concealed and knowledge of tax avoidance is not readily available. This book was only fair. Actually I think the Richard Hahn This book was only fair. Actually I think the entire book could have been told in 1-2 chapters.