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It was not the UK that ran/runs the world's finance, it's the tax haven of the City of London, with its overseas branches in UK territories that still runs the
by rswail 7y ago
It was not the UK that ran/runs the world's finance, it's the tax haven of the City of London, with its overseas branches in UK territories that still runs the world's finances.
Current CT: Brexit has to happen before 2020 because otherwise City of London will be subject to EU rules that will cause current anonymities to be revealed.
- cm2187 7y agoI am not aware of any tax that is specific to the City of London. How is it a tax heaven? And half of finance in London is not even located in the City (West End and Canary Wharf). The UK is certainly not a tax heaven.
- NeedMoreTea 7y agoHaven, not heaven. :) The city has had the deserved reputation for being a tax haven for well over a century. https://www.newstatesman.com/economy/2011/02/london-corporation-city https://www.newstatesman.com/economy/2011/02/london-corporat...
- cm2187 7y agoThanks. Got caught exactly by what this website describes [1]. “Heaven” was logical from French. [1] https://jakubmarian.com/is-it-tax-haven-or-tax-heaven-in-english/ https://jakubmarian.com/is-it-tax-haven-or-tax-heaven-in-eng...
- NeedMoreTea 7y agoInteresting - didn't know most other languages had it as paradise.
- epanchin 7y agoThe title is the only part of that page suggesting the City itself is a tax haven.
- NeedMoreTea 7y agoWell that's simply not true. Even if you want to ignore that one, there's plenty of other articles and books exploring the topic.