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It is important to realise that the City of London, the Channel Is and the Isle of Man, although nominally part of the British Isles and subject to the Crown, are in fact legally "offshore entities" answerable to no authority whatoever.

It probably arose from sloppy law making back in the mists of time which probably would have been sorted out during the Victorian period if it wasn't that, even then, certain people found it convenient to move large sums of money around without it ever coming under the jurisdiction of a taxing authority.

The dirtier business of the Empire would have been impossible without it and the intrigues both before and after WWII ensured the survival of these Medieval arrangements.

It will only end when the world loses patience with this piratical island off Europe and decides to slap large tarriffs on any financial arrangement that involves them. Till then we're gonna hoover up all your dirty cocaine profits and think ourselves very clever

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Nov 14th, 2017 at 05:45:07 PM EST
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