Nick Shaxson’s Vanity Fair articles have impact. One broke the story of Mitt Romney’s offshore tax affairs. And, of course, he wrote Treasure Islands. He’s also a Tax Justice Network team member. In his latest article he asks who really lives at One Hyde Park, called the world’s most expensive residential building? Its mostly absentee owners, hiding behind offshore corporations based
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I’ve quoted once already from an article on the City of London that George Osborne wrote in 2006, but I think it worth doing so again. In this Telegraph article he said as a conclusion: [W]e need to get the City’s infrastructure right. It needs robust security to protect its streets and electronic communications. It
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In 2006 George Osborne wrote: A party that aspires to be the next government and wants to prepare Britain for the challenges of the next century has got to understand the City’s priorities. Nothing could have been clearer about what he saw his priority to be: keeping his friends in the City happy was his task. His first objective in fulfilling
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This is good: From here Hat tip: Tess Riley

As Energy FM reports: The Lord Mayor of the City of London is visiting the Isle of Man today to learn more about the Island as an international business and finance centre. Alderman David Wootton will be given briefings on various sectors of the Island’s economy, and will also deliver the Chief Minister’s International Lecture.
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The FT reports this morning: Aon is to become the first ever US S&P 500 company to become domiciled in the UK after the insurance broker unveiled plans to shift its headquarters from Chicago to London. Why are they doing that? First, because we now won’t tax them on their worldwide income. Not just, as in the US,
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Ian Fraser is a journalist for whom I have a lot of time, and respect. I warmly endorse a blog he wrote this weekend on the subject of this week’d edition of The Economist in which he wrote: I was surprised and disappointed when I opened my copy of The Economist on Friday morning. The magazine
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The reason why places like Jersey became tax havens was to raise tax revenue from third parties. The tax revenues raised were, in effect, export earnings that kept their economies afloat. Deputy Geoff Southern in Jersey has tabled an amendment to the current Jersey budget that shatters the myth that this is still the case.
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