Serious Fraud Office
Was set up to deal with City crime, big time fraud. It failed. It is
failing. It is on the skids.
Politicians Stop Police Investigating The City Of London
Money talks. City men go to the same schools as politicians. Collusion? You
betcha.
Rowan's Blogspot
Mr.
Bosworth-Davies was a policeman dealing with
fraud. Now he talks about just how bad it is.
Why It is Essential That Criminal Bankers Are Prosecuted
Mr. Bosworth-Davies goes for it again.
Guardian Whines About The Rich - Pot Calls Kettle Black [
10 June 2013 ]
QUOTE
Attempts by the
Barclay brothers, owners of the
Daily Telegraph, to obtain a £1bn VAT windfall from the British
taxpayer, are leading to criticism of the way their offshore commercial
empire is structured.
The much-delayed broadcast of an investigation by the
BBC's Panorama programme into the Barclays' tax affairs focuses on the
Ritz hotel, another of their assets. The hotel in London has paid no
corporation tax for the past 17 years by legally claiming reliefs.
Yet the Barclays are engaged in a lengthy legal battle to obtain a £1bn
VAT refund. They claim they are entitled to compound interest on a tax
rebate stretching back 30 years, on behalf of the Littlewoods catalogue
group which they took over in 2002.
The original refund of £204m has long been paid to them, along with a
cheque for £268m in simple interest. But the twins have taken their claim
for a huge extra payoff as far as the European court of justice.
UNQUOTE
The Guardian whines about off shore tax
arrangements but keeps quiet about its own ingenious arrangements.
City of London
ex Wiki
QUOTE
London is the world's greatest
foreign exchange market, with much of the trade conducted in the City of
London. Of the $3.98 trillion daily global turnover, as measured in 2009,
trading in London accounted for around $1.85 trillion, or 36.7% of the total.[7]
The
Pound Sterling, the currency of the United Kingdom, is globally the fourth
most traded currency and the third most held
reserve currency.
Since 1991
Canary
Wharf, a few miles east of the City in Tower Hamlets, has become another
centre for London's financial services industry which houses many banks and
other institutions formerly located in the Square Mile. Although growth has
continued in both locations, and there have been relocations in both directions,
the Corporation has come to realise that its planning policies may have been
causing financial firms to choose Canary Wharf as a location.
UNQUOTE
Bigger than New York, bigger than Frankfurt! Good news for
England.