London Tax Haven

[okaycuckoo]

This has been floating around for a few days - I wonder if the US will finally force a clean-up of the Square Mile?

"Even the Arab money has taken a backseat to the new buyers, says Hersham. “The wealth of the ex-Soviets is incredible,” he says. “Unless you are talking about [Goldman Sachs C.E.O. Lloyd] Blankfein or [stephen Schwarzman], the head of Blackstone, or the head of one of the very big banks, there is no driver from the City of London at these levels anymore.”

The link is to the author's blog - give him a thumbs up, click through to the article:

http://treasureislands.org/my-vanity-fair-article-on-london-now-online/

[Timak]

Really interesting and depressing article.

Disgusting how London is basically somewhere where thieves can put their money, pricing out local residents and enjoying the rule of law our taxes pay for without contributing anything.

[okaycuckoo]

Really interesting and depressing article.

Disgusting how London is basically somewhere where thieves can put their money, pricing out local residents and enjoying the rule of law our taxes pay for without contributing anything.

But Boris and the usual Westminster bods insist it's a great boon for the country.

HAM (now Grrr) on the "if anyone's interested" thread has banged on for ages about London declaring independence and using its own currency. We need to think about this. The article mentions US concerns, and of course we have the German pressure on Cyprus - things maybe changing.