Thursday, July 31, 2014
UK government sold citizens down the river
At least Ã‚Â£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 Ã¢Â€Â“ more than the total value of all housing stock in Westminster and the City of London Ã¢Â€Â“ 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.