What is the City of London and what does it do?
A small neighborhood of London, known as the City, with economic influence throughout the world, coordinates a multitude of financial issues, tax havens and payment of ransom to pirates
The City of London, a global financial power
What is its power?
London has become fashionable, with the theme of Britain’s Brexit. There are those who wonder what economic forces support this movement of England’s exit from the European Union. The history of England is full of special economic operations. The large number of Tax Havens that exist in its former colonies and especially in some small islands, perhaps has something to do with it.
The true Government of England
What relationship does it have with Piracy?
Its relationship with the payment of boat ransoms raises suspicions of tolerance and complicity
Almost independent and center of World Financial Power
An economic power at the service of money from half the world
Intelligence agencies M15 and M16
They are there curiously there present. Tools of their power, they have the means to get any type of information.
His power is enormous
Great importance of the financial center
It is the financial zone of London, England and the World.
Bank offices of the 500 main banks in the world
Large Legal Companies
Large Insurance Corporations
The main Intermediaries and Commissioners
Move 1/3 of the financial products around the world
Generates 30% of England’s exports
It is 10% of the country’s Gross Domestic Product
One million workers related to its activities
Financial products, corporate lobbies, tax havens, national funds, vulture funds, offshore, finance, European and global
Law and own Administration
Huge money movements seek to do business and evade taxes. One of the most important places in the world with a magic recipe to do business quickly, paying less taxes.
Old Londinium, Roman colony
It has always been the great economic power of the country
His condition of exceptional political status led by a corporation chaired by the Mayor of London, makes him have privileges since ancient times. In this place, businessmen of all ages have invested in what could be very profitable businesses.
Already in the 16th century, the well-known pirate expeditions such as those of Francis Drake against the ships and the Spanish colonies in America were financed by the important businessmen of the City of London, who turned them with the support of the English Crown into profitable expeditions. corsairs.
England business and politics
Its enormous power adjusts governments and their policies
Their campaigns and movements of power to be able to pay the lowest value in taxes is one of the great objectives. They aim to get places where taxation is the minimum with their activity that favors and enhances tax havens around the world. The fact that they have achieved financial deregulation leaves their hands free for their lucrative activities.
City of London Corporation, is independent
With your own government
To preside over the City, special conditions must be met since banks and financial institutions are the ones who directly or indirectly elect their members.
Some say that it is a state of its own within England, since neither politicians nor the British Parliament can control it. Rather it seems that the power of the City comes to them.
Own police, and spy agencies: M15 and M16
The unknown Government of England, in an independent City within London
The City has its own laws and its own administration almost since its founding by the Romans 21 centuries ago. Its power makes the government of England its main protector. For this reason, European attempts to control capital movements are stopped by the English Government.
British espionage services are also based in the City. Many believe that it is not precisely to control it but to protect it and to spread its tentacles throughout the world.
Tiny, but huge territory in business
National and international financial center
The City is the size of a small neighborhood just 2 km, with space to live barely 10,000 people. But there are many more who work in the City during the day and at night. Almost 300,000 people work in the City. All with great preparation to provide their services in the innumerable banks, consultancies, insurance companies, law firms and many multinationals. Institutions as important as the Bank of England or the London Stock Exchange are in the City of London.
Liberal theories as its maximum law
His motto financial freedom, and better if it is total
His eternal campaign is the reduction of taxes. Less taxes gives them more benefits. His motto is to do business with the greatest freedom, with the fewest possible financial and legal restrictions. For decades they have tried financial deregulation until they succeeded. This allows them to make huge profits from capital movements from around the world.
It even allows money from dictatorships around the world to be put in a safe place. As well as laundering large amounts of black money, and not all of them come from legal activities. The pirate hijackings of oil tankers and tuna boats require continued vigilance by the naval forces of the affected countries.
The big business of pirate kidnappings
Legal vacuum and successful lawyers
A great business that moves 150 million euros per year to act as intermediaries against the Pirates.
There is a group of law firms and companies specialized in streamlining the procedures for the payment of ship ransoms and people kidnapped by pirates. Former commanders of the English naval navy, security companies and intelligence services from England and other countries participate in this business.
Suspicions of spies and pirates
Sometimes pirates wait for ships
It has been detected that pirates were more and more frequently waiting for the tuna or oil tankers to hijack them when they reached their fishing spot. Among this network of companies collaborating with the insurers, there are employees who belong or have belonged to intelligence services of countries related to the pirates. Deep-sea fishing boats are a target of pirates since they did not use to carry armed protection until now
High-altitude fishing boats were an easy target, now they usually carry armed men to protect themselves from pirate attacks. Upon reaching the exact planned fishing spot, fishing boats from around the world find that pirates are already waiting for them.
In the City ransoms are negotiated, the money is sent to the pirates and the lawyers take their commission
A common and legal procedure involving specialized law firms with contacts in many countries
Prestigious City law firms offer their services and collaborate so that the ransoms are paid and the money reaches the pirates. They make the transactions themselves so that the money goes to a bank account in a neighboring country, usually Kenya, where the pirates can collect it.
The Bank of England has the security defenses of a fortress
Central Bank of England facilities
It is not strange that black money is laundered given the enormous facilities
Money from arms trafficking, prostitution, drugs, piracy …
The great economic freedom to which they aspire and to a large extent has the City, allows billions of dollars from the dirtiest businesses in the world, from gambling to prostitution, through drugs or arms trafficking, to go to her for her bleaching.
The Treasury of England collects 25% less for tax evasion
Central Bank of England facilities
Common practices of large companies
The English Government has had to recognize that while the citizen suffers the so-called crisis and is made to collaborate by force by tightening the belt on a regular basis. Too many companies evade taxes and this means that the hole that someone has created cannot be filled. English laws themselves allow these abusive practices that benefit the big guys.
Abuses by powerful business associations
You don’t even need to break the law to evade taxes.
It is enough to make the most of the tax law with some small adjustment taking advantage of the imprecise general legislation, that is, the tax loopholes.
These corporate privileges have been denounced by movements such as Occupy London and UK uncut.Occupy London has held protests against the groups responsible for creating the so-called crisis by some and scam by others.UK uncut is a movement against tax evasion and cuts in social services.
His law is to make money
Your goal: make a profit at any cost
Convergence of businesses from around the world, it is the ideal place to do great business. Its structure allows you to be informed of any changes and close deals quickly.Its connections with tax havens make it possible to hide or disguise some financial operations when appropriate.
The largest evasion network in Paradises
Tax Havens around the World
The importance of the English language due to the power of the United States of America, makes the former British empire be used as the axis of its business.Perhaps it is no coincidence that the great tax havens are former English colonies: Cayman Islands, Jersey, Man, Bermuda Islands, Gibraltar …
The great Banks of the World
Not only the great English Banks are represented. Of course all the big English banks are present in the City, but also 500 other banks from all over the world.
Almost 80% of Europe’s bankers in the City
While governments choose to reduce the minimum wage for workers to get out of the so-called crisis, bankers earn disproportionate amounts of more than 1,000,000 euros in many cases.The payment of generous commissions or bonuses, raise their salaries, although with their policies they sink families, companies or countries, sometimes forever.
Bad image before public opinion
They are held responsible for financial scams that sink economies
Protests in the City for the financial scam that affected many countries
These so-called endless crises and financial bubbles have damaged its image with the European population. They see in it the headquarters of speculators who with their insatiable greed direct economically destructive policies in order to obtain great benefits, whoever falls.
The financial bubbles and the ruthless banking practices with the citizen while they have reported great benefits to the ordinary population has meant that thousands of them are thrown from their homes, small companies drowned due to lack of financing, social cuts, job destruction etc.
The City of London for its role in world economic power, often receives protest demonstrations.Protests in the City for the financial scam that affected many countries.Fight for power with other financial centers around the world, New York, Paris, Tokyo, Frankfurt, Singapore, Hong Kong ..
Its historic power is in jeopardy by European banking control policies, which seek to control capital movements.The City is also threatened by the new emerging financial centers of Asia, such as Singapore or Hong Kong.
Refuge of multinationals
More than half of world trade comes from business generated by multinationals. Through activities from the City they can divert their profits to tax havens where they can pay less taxes.
Represents 10% of the country’s GDP
Such is the money that their large businesses move, that the taxes they generate are of great value to the treasury of England.
The City supports the most conservative parties in the country and these parties make sure that it can perform with
Concentration of specialists
This knowledge of all economic areas facilitates great agility in all types of procedures
Despite this small space, within the City of London you can find specialists of all kinds: law firms, economists, headquarters of large banks, insurance companies, etc.
Multicultural, from around the world
Visited by the greats from all over the world
Its extensive relationships with countries around the world and its tradition in financial activities make the City chosen for international business.
Its employees include people of a multitude of nationalities and its visitors illustrious people from all over the world.