Friday, November 13, 2009

The City of London Corporation: the state within a state

The authors of a blog called the 'Tax Justice Network' have written a very good article on the City of London.

When people ask - as they often do these days - which is the biggest tax haven in the world, our answer is almost invariably the City of London. The City hosts Britain's largest offshore financial centre and is intimately linked to satellite tax havens across most time zones, ranging from Hong Kong and Singapore in the East, to the British Virgin Islands, the Turks & Caicos Islands, Bermuda, the Cayman Islands and the Bahamas in the West. All of these havens are in some respects the Frankenstein creations of the City, as are the Crown Dependency islands (Guernsey, Isle of Man and Jersey) which are easily accessible in less than one hour by jet from London.


fellist said...

I believe that's called hiding in plain view.


Nice to see you making your own home on the www, Rev. Harry, I have read your comments at other people's blogs with interest.

Good luck!

fellist said...

P.S., have you checked out the resources at yamaguchy?

Revolution Harry said...

Thanks Fellist and thanks also for the link. At first glance it looks as if there's plenty of interest there. I'll have a closer look through when I get the chance.