Thousands of offshore companies with UK property still not stating real owners
https://www.theguardian.com/uk-news/2023/jan/30/offshore-companies-with-uk-property-not-stating-beneficial-owners?CMP=Share_AndroidApp_Other
UK admits it has no idea how much tax is being evaded through offshore assets
People in the UK are struggling, yet the UK blindly ignores the vast tax avoidance happening under their nose. If the UK doesn’t know how much their own tax havens rob from the national treasury, imagine the rest of the world
How London became the dirty money capital of the world | FT Film
Great doc from the Financial Times. “Russian oligarchs and companies have been investing in London for two decades, encouraged by British politicians of all stripes, but critics say the ‘London laundromat’ cleans dirty money from Russia and across the globe. The FT examines why it took Russia’s invasion of Ukraine to put the issue in …
Russia can only afford its war in Ukraine because Britain helped raise the cash
https://www.theguardian.com/commentisfree/2022/apr/08/britain-war-in-ukraine-britain-putin-regime?CMP=Share_AndroidApp_Other
Biden proposes global reforms to end ‘profit shifting’ to tax havens
https://www.theguardian.com/business/2021/apr/08/biden-proposes-global-reforms-to-end-profit-shifting-to-tax-havens?CMP=Share_AndroidApp_Other
Luxury London homes still used to launder illicit funds, says report
https://www.theguardian.com/money/2020/dec/21/luxury-london-homes-still-used-to-launder-illicit-funds-says-report?CMP=Share_AndroidApp_Other
Exclusive: Cyprus sold passports to ‘politically exposed persons’
Leaked documents show Cyprus passport scheme allowed political figures ‘vulnerable to corruption’ to buy EU citizenship. https://aje.io/49myq
On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters
Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …
Clergy criticise tax-haven firms seeking coronavirus cash
Clergy criticise tax-haven firms seeking coronavirus cash https://www.theguardian.com/business/2020/apr/27/clergy-tax-haven-coronavirus-richard-branson?CMP=Share_AndroidApp_WordPress
Coronavirus is also a threat to democratic constitutions
Coronavirus is also a threat to democratic constitutions – Not mentioned in this article is the power conferred on the state via financial bailouts. Governments around the world now control more and more of the financial machinery. Will this asphixiate the state or empower the state? https://giftarticle.ft.com/giftarticle/actions/redeem/59c2b45d-8239-4d3c-8af3-add70469b2c5 via @FT