The City isn't a seperate legal jurisdiction in this way. The Corporation of London has special rules regarding itself only, as a local authority. The City, as

The City isn't a seperate legal jurisdiction in this way. The Corporation of London has special rules regarding itself only, as a local authority. The City, as a place, hosts companies who offer services that can move your funds to seperate jurisdictions, but these companies are subject, AFAIK, to all England&Wales law. Lastly, the tax dodged in the City was often not going to the UK Exchequer anyway, usually it was diverted from the treasury of a developing country. We slap a fee on that work and call it an economy.