There are obviously many answers to this question. Such as the fact that the pervasive anti-tax, anti-regulation, pro-tax haven world view sets many City players against British society, or attracts people with a rather anti-society world view. It’s an age-old thing, which I discuss in some detail in Treasure islands. The wealth of senior City players also can result in…Read more
I haven’t posted for a while, but this one is egregious enough to move me to write. This is adapted from the Tax Justice Network:
An astonishing story, from the FT:
“The big four global accounting companies have taken out press advertisements in Hong Kong stating they are “opposed” to the territory’s democracy movement, warning that their multinational
Cross-posted from the Tax Justice Blog:
From the book everyone’s talking about, Thomas Piketty’s Capital in the 21st Century, a review by Paul Krugman in the New York Review of Books:
“Why does inherited wealth play as small a part in today’s public discourse as it does? Piketty suggests that the very size of inherited fortunes in a way makes
William Campbell-Taylor, an Anglican priest who featured heavily in the final chapter of Treasure Islands (except in the US edition,) has become the first political party candidate ever to win a seat on the common council of the City of London. That’s a record that stretches back a thousand years, or at least to the 13th Century.
He stood…Read more
I have a long article in The American Interest, looking at the various ways that the City of London poses threats to the interests of the United States. It was prompted really by my wanting to explore some transatlantic antagonisms that writer Ben Judah stirred up with articles in Politico and the New York Times, which I…Read more
From the Tax Justice blog:
If there’s one story you read today make it this one, from Politico Magazine. It’s triggered by the crisis in Ukraine, but it’s been a long time coming.
The point of this short story is clear: Western leaders are waking up to the fact that Russia no longer fears or even respects them. Why? Well:…Read more
From the Financial Times, a short video entitled Bright Future for British Engineering? It looks at some promising stuff going on in the Advanced Manufacturing Research Park, a collaboration between the University of Sheffield and Boeing Corp.
The video is notable not just for the fact that the t-word is absent. Nobody seems to be talking about tax subsidies:…Read more
John Lanchester in the London Review of Books, not so long ago:
“If there hadn’t been so much other lurid wrongdoing in the world of finance, and if mis-sold payment protection insurance had a sexier name, PPI would stand out as the biggest scandal in the history of British banking.”
Which is, of course, a big claim. Lanchester has…Read more