3 ms·
Note that the City of London is in some ways a tax haven and a neighborhood in London itself.
by subsystem 13y ago
Note that the City of London is in some ways a tax haven and a neighborhood in London itself.
- contingencies 13y agoInteresting tangent! Any refs on the tax situation?
- CmdrKrool 13y agoHere's an article: http://www.newstatesman.com/economy/2011/02/london-corporation-city http://www.newstatesman.com/economy/2011/02/london-corporati...
- contingencies 13y agoCheers. That one was 'By Nicholas Shaxson Published 24 February 2011', conclusion: UK Uncut, the spontaneous protest movement opposing offshore tax avoidance by multinationals, has had an impact and now pledges to move against the banks. A big "One London" campaign to merge a divided capital into a single democratic entity may seem far off, but groups such as London Citizens are now thinking about the fairer division of London. The Tax Justice Network, and others, are helping build an intellectual edifice for understanding tax havens. Some of their goals - such as country-by-country reporting by multinationals - are already being partly met. The unions, too, and big NGOs, especially those working in international development, are engaging with the matter. An anti-haven mobilisation is under way in France; something similar may be starting in the US. The IMF, the Organisation for Economic Co-operation and Development, the EU and other agencies are now at least debating issues they ignored before. Around the world, legislators, regulators and ordinary people are starting to see the toxicity of Britain's role in protecting offshore business that drains billions out of developing countries each year. I wonder if there's been any positive development.
- CmdrKrool 13y agoOoh, and a nice little summary has just popped up on a forum I read: http://www.aljazeera.com/mritems/Images/2013/6/16/201361614029740734_8.jpg http://www.aljazeera.com/mritems/Images/2013/6/16/2013616140...
- diroussel 13y agohttp://www.newstatesman.com/economy/2011/02/london-corporation-city http://www.newstatesman.com/economy/2011/02/london-corporati...
- mseebach 13y agoIt's not a tax haven. It's a deeply idiosyncratic entity with a 1000 year long history, but not a tax haven.