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Also some pretty interesting tax and voting rules there ... Corporations get a vote, pretty much meaning they run the place. https://www.thecollector.com/what-
by patrickdavey 2y ago
Also some pretty interesting tax and voting rules there ... Corporations get a vote, pretty much meaning they run the place.
https://www.thecollector.com/what-makes-the-city-of-london-unique/ https://www.thecollector.com/what-makes-the-city-of-london-u...
There's a good book called "treasure islands" all about tax havens... The city definitely features.
- DrBazza 2y agoAnd it has the fewest residents of any London borough by a couple of orders of magnitude. So it probably makes sense that businesses have a bit more say. https://www.statista.com/statistics/381055/london-population-by-borough/ https://www.statista.com/statistics/381055/london-population...
- deleted 2y ago[deleted]
- deleted 2y ago[deleted]
- stefantalpalaru 2y ago[dead]
- BillEllson 2y agoCity of London Ward Lists consist of c19,000 individuals, who have one vote each. Corporations voting = urban myth
- pmyteh 2y agoSome of those individuals are not residents but expressly included as nominees of their businesses, a form of franchise that exists nowhere else in the UK. It's true that the vote is exercised by the company's nominee, not the company itself, but that's only because the company itself can't show up at the polling station. Business voters are expressly included to represent their organisations[0], and do. [0]: https://www.cityoflondon.gov.uk/about-us/voting-elections/business-vote-registration https://www.cityoflondon.gov.uk/about-us/voting-elections/bu...