4 ms·
I remember reading a study that 60% of global black trading goes through the city. Why waste time at the periphery when the core is open for all to see? Also so
by greenpinguin 12y ago
I remember reading a study that 60% of global black trading goes through the city. Why waste time at the periphery when the core is open for all to see?
Also sorting out Crown dependencies is something only the UK can do not the EU.
- walshemj 12y agoBut its much easier to fix those edge cases like channel islands Andorra monte carlo etc all it would take is action by 2 or 3 states.
- greenpinguin 12y agoIt's not easier. They are independent nations, sort of at least. The problem is how does the money/wealth get into a tax haven in the first place? That's where the city comes in! You cannot just fly with millions in cash (still happens too) you need a way to move money there smartly to bypass the FCA & Co. Once the money has left EU jurisdiction it's too late!
- walshemj 12y agoAll those tax havens have effectively sponsoring major eu nations to be able to function. Just get France Spain Germany and UK to present them with an offer they can't refuse. Behave or you will end up like north Cyprus
- _delirium 12y agoFrance did that with Monaco in 1963: Charles DeGaulle blockaded the city until they signed a tax treaty. It didn't eliminate Monaco's tax-haven status, but did limit it in various ways, especially as regards French citizens and companies.