What is a Tax Haven and is the City of London one?
See the Non-sovereign jurisdictions commonly labelled as tax havens section for the listing of The City of London
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Problem 1: Globally, corporations deprive the public purse of hundreds of billions of pounds each year, leaving insufficient funds to provide people with fair living standards.
Solution 1: We must abolish tax havens and complex tax avoidance schemes, and ensure corporations pay tax that accurately reflects their real profits.
Vince Cable of the UK Liberal Democrats has said out loud what is known in the U.K. as the bleeding obvious. "In the UK we need to put the whingeing of the City to one side and concentrate on delivering our core narrative, to achieve growth by rebalancing the UK economy.
Henk Ruyssenaars' article on July 10th 2006 drew attention to the book "Descent into Slavery" by Des Griffin in which the real meaning of the term "City of London" is explained. The following is an excerpt from that article.
Return to: Home | Business | Economy There is an institution with a murky history and remarkable powers that acts like a political and financial island within our island nation state. Welcome to the Square Mile and the City of London Corporation.