Tax Havens and the City of London

Link to web site

"... The City of London Corporation is committed to maintaining and enhancing the status of the wealth and tax-generating business of the City as the world’s leading international financial and business centre through its policies and services.

"Examples are the extensive overseas business missions headed by the Lord Mayor on behalf of UK-based financial services and the wide-ranging economic development, research and regeneration effort the City of London Corporation undertakes across London. It also runs the City Office in Brussels on behalf of the City and City Representations in Beijing, Shenzhen and Shanghai – and a City Office in Mumbai."

"Please forgive me if I find all this ever so slightly sinister. You may feel that this is all somehow a good thing. I think that at the end of the day it boils down to the question of whether you think that the financial services sector has grown too powerful and hard to reform, or whether you think that Britain needs just more and more finance: the more the merrier.

"If you take the latter view, you may perhaps find all this stuff benign. I don't"