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OverviewOffshore financial centers such as Luxembourg, the Cayman Islands or the City of London provide non-residents with a legal framework that is strong on property rights and soft on taxation and regulation. Building on a historical-institutionalist comparison of Britain, Germany, Brazil, and Mexico, Offshore Finance and State Power asks how these offshore financial services affect the power of the state. Combining a concept analysis with empirical research, the book finds that economic actors go offshore to create money more than to hide it. Legal offshore banking trumps tax planning or money laundering in its impact on state power.Offshore Finance and State Power also reveals that the relationship between the two is not straightforward. Offshore finance can limit state power by transmitting the volatility of unregulated offshore banking into the domestic economy. Yet, counterintuitively, offshore finance can also enhance state power. It provides governments with an extraterritorial vehicle to cover up political conflicts over how to finance the state and to mitigate class conflict. To which extent a state can put offshore finances at its own service, depends on a country's domestic elite constellation and the tax and bank bargains they have forged throughout history. Full Product DetailsAuthor: Andrea Binder (Freie Universität Berlin)Publisher: Oxford University Press Imprint: Oxford University Press Dimensions: Width: 16.20cm , Height: 1.90cm , Length: 24.10cm Weight: 0.486kg ISBN: 9780192870124ISBN 10: 0192870122 Pages: 240 Publication Date: 09 February 2023 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: To order Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsReviewsRecommended. Graduate students, faculty, and professionals. * Choice * Author InformationAndrea Binder is a Freigeist Research Group Leader at the Otto Suhr Institute of Political Science at Freie Universität Berlin. She is also a non-resident fellow at the Global Public Policy Institute (GPPi). Her research focuses on global finance, money, and humanitarian politics. Andrea holds a PhD from the University of Cambridge, where she was a Gates Cambridge Scholar. She received her M.A. in political science, economics and rhetoric from the University of Tübingen. She was a visiting scholar at the Centro de Investigación y Docencia Económica (CIDE) in Mexico and the Fundação Getúlio Vargas (FGV) in Brazil. Tab Content 6Author Website:Countries AvailableAll regions |