Thursday, April 7, 2016

Panama Papers reveal London as centre of 'spider's web' : 'laissez-faire' approach to $$$.  

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London is the epicentre of much of the sleaze that happens in the world. Britain itself is relatively transparent and clean, but companies use the country’s territories abroad – relics of the days of empire – to farm out the seedier stuff, often under the guise of shell companies with anonymous owners. Tax evasion and stuff like that will be done in the external parts of the network. Usually there will be links to the City of London, UK law firms, UK accountancy firms and to UK banks. London is a global financial centre, with light-touch regulation, laissez-faire attitude towards wealth, vibrant culture and an extensive history of global trading,

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