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It was not the UK that ran/runs the world's finance, it's the tax haven of the City of London, with its overseas branches in UK territories that still runs the world's finances.

Current CT: Brexit has to happen before 2020 because otherwise City of London will be subject to EU rules that will cause current anonymities to be revealed.



I am not aware of any tax that is specific to the City of London. How is it a tax heaven?

And half of finance in London is not even located in the City (West End and Canary Wharf).

The UK is certainly not a tax heaven.


Haven, not heaven. :)

The city has had the deserved reputation for being a tax haven for well over a century.

https://www.newstatesman.com/economy/2011/02/london-corporat...


Thanks. Got caught exactly by what this website describes [1]. “Heaven” was logical from French.

[1] https://jakubmarian.com/is-it-tax-haven-or-tax-heaven-in-eng...


Interesting - didn't know most other languages had it as paradise.


The title is the only part of that page suggesting the City itself is a tax haven.


Well that's simply not true. Even if you want to ignore that one, there's plenty of other articles and books exploring the topic.




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