London Banking – Crooks

City of London Corporation –  Casino Banking

. the historic centre of London and the location of much of the UK’s financial sector. Until 2006, when the name was changed to avoid confusion with the wider London local government authority, the Greater London Authority, it was informally known as the Corporation of London.

 

http://en.wikipedia.org/wiki/City_of_London_Corporation

 

 

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The Corporation of London

 

The City of London, also known as the Corporation of London, the City of London Corporation and the Square Mile, is officially called the Mayor and Commonality and Citizens of the City of London. Though constituting only a small geographical area within Greater London itself, the City is administered by its own set of local governing bodies …

 

Tax Haven Status

 

In “Treasure Islands”, Shaxson states that “Few British people, let alone anyone else, know that the City of London is the most important financial center in the global offshore system. Before getting properly into the strangeness of this ancient city, some of its more obvious offshore qualities are worth noting. London’s first claim to be a tax haven is the subject of this chapter: its role as the creator and developer of the Euromarkets, Wall Street’s giant escape route from the checks and balances of U.S. financial regulation. Here the subsidiaries and affiliates of U.S. commercial banks have long been allowed to engage in, among many other things, investment banking—“casino banking,” as some have called it—

 

As Shaxson further explains, “London provides endless loopholes for U.S. financial corporations, and many U.S. banking catastrophes can be traced substantially to those companies’ London offices. …

 

http://www.sourcewatch.org/index.php/City_of_London

 

 

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Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens

 

Treasure Islands is an expose of how the corporate world uses tax havens to shirk paying its share of taxes. This costs the United States alone 100 billion dollars in lost revenue each year. While the United States experiences a recession and European countries face bankruptcy, Nicholas Shaxson, a former correspondent for the Financial Times and The Economist, argues that the problem can be traced back to the pervasive practice of offshoring financing in order to minimize taxable revenue. Journeying from Moscow to London to Switzerland to Delaware, he dives deep into a vast and secret playground where bankers and multinational corporations operate side by side with nefarious tax evaders, organized criminals, and the world’s wealthiest citizens. This is a fast-paced narrative that at last explains how bankers, traders, and other financial wizards are using the system to deepen our economic divide.

 

http://www.amazon.com/Treasure-Islands-Uncovering-Offshore-Banking/dp/0230341721/ref=sr_1_1?s=books&ie=UTF8&qid=1389470730&sr=1-1&keywords=treasure+islands+by+nicholas+shaxson#reader_0230341721

 

 

http://www.theguardian.com/commentisfree/2011/oct/31/corporation-london-city-medieval

 

http://www.theguardian.com/books/2011/jan/22/treasure-islands-tax-havens-shaxson-review?guni=Article:in%20body%20link

 

http://www.theguardian.com/theguardian/2011/jan/08/jersey-tax-haven-nicholas-shaxson?guni=Article:in%20body%20link

 

 

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Prof. Dr. Dr. Wolfgang Berger – Den finanziellen Staatsstreich hinter uns, die Konsequenzen vor uns?

 

http://wn.com/wolfgang_berger

 

 

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