Associate Professor of History, University of California, Berkeley; Visiting Scholar 2018-2019, CES, Harvard University
September 12, 2018
12:15pm - 1:45pm
Hoffmann Room, Adolphus Busch Hall
This
talk explores the emergence of the modern offshore world as a way to reopen the
history of the decades ca. 1920s-1980s. During these decades an archipelago of
distinct legal spaces appeared in a world otherwise increasingly dominated by
more sizable nation-states. These sites formed islands of free-market
capitalism that would become foundational for today’s global economy as it
emerged from the 1970s and 1980s. Among these spaces were tax havens,
offshore capital markets, flags of convenience registries, and foreign trade
zones, reaching from the Channel Islands, Monaco, and Luxembourg to the
Bahamas, Panama, and Singapore, among many others. The talk asks why tax havens
in particular expanded significantly between ca. 1945 and 1965, and points to
the crucial role that decolonization and the end of empires played in this
story. Historians, it is proposed, should view decolonization as an economic
and financial event. The talk thus sheds light on a crucial period during which
much of today’s tax avoidance industry got off the ground, with lasting implications
for the rise of inequality in Europe and North America.