Book Review: The Complete Guide to Offshore Money Havens

I don’t usually blog about books I don’t like but I thought I could save people some time – don’t bother with The Complete Guide to Offshore Money Havens. I was in the library looking at finance books (like the rest of the world) and I ran across it. As I had a two year old with me (hanging out in the library is an excellent thing to do with a two year old on a cold rainy Sunday) I couldn’t really peruse it well, but it had 3.5 stars on Amazon. I figured that meant the writing style was hard to read but the content might still be ok.

I spent half an hour on the book this evening and it was terrible. The main point I got? "Taxes are way too high, start a bank in the Bahamas, sell yourself insurance and get deposits from your friends." Granted I didn’t really read it but I read the first few pages and skimmed the rest and what I read was … biased, wrong, and lacking any background explanation. You’ve been warned.

Now if anybody knows of a good book that explains international banking and finance … I’m still looking.