Thursday, July 31, 2014

UK government sold citizens down the river

Tax haven buyers set off property alarm in England and Wales

At least £122bn of property in England and Wales is held through companies in offshore tax havens where ownership is difficult to trace, a Financial Times analysis of Land Registry data has found. The figure – more than the total value of all housing stock in Westminster and the City of London – reveals for the first time the scale of offshore property ownership in the UK. It raises concern that London property in particular has become a haven for dirty money from around the world.

Posted by hpwatcher @ 10:57 PM (5962 views)
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One thought on “UK government sold citizens down the river

  • I’m eagerly awaiting a reply to my Freedom of Information Act request for HMRC’s Anti Money Laundering policy for ATED payments. No doubt they have none and happily trouser £143,750 per year for the most expensive safety deposit boxes. If anyone is in a position to trace the beneficial owner, it’s the government itself. No doubt there’s no appetite for this, considering who pays for political campaigns…

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