The facility, which allows investors to legitimise undeclared offshore assets, will be available for an extra year, until April 2016
A Land Registry inventory of title deeds, just published, is yet another piece of evidence revealing the hypocrisy of Osborne’s “we’re all in it together” in austerity. What it shows is that in just two central London boroughs the ownership of property worth £88.5bn has been transferred offshore to escape payment of stamp duty and inheritance tax. It is estimated that...
The second was as personally important, and I am aware that at least some others shared it, which was that it was so encouraging to take part in a research seminar where no one was asking you to justify why you thought offshore was so important. It remains the case that far too few academics,
French president Nicolas Sarkozy, furious that the British were lobbing in their own last-minute demands when everyone else was there to save the euro, told the prime minister: “You can’t have an offshore centre taking Europe’s capital.” 1) It ain’t Europe’s capital. It might belong to copmpanies, individuals, pension funds, whatever, but it doesn’t belong
