{"id":10032,"date":"2016-04-06T01:28:46","date_gmt":"2016-04-05T18:28:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-is-a-tax-haven-much-closer-to-home-letters\/"},"modified":"2016-04-06T01:34:50","modified_gmt":"2016-04-05T18:34:50","slug":"london-is-a-tax-haven-much-closer-to-home-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-is-a-tax-haven-much-closer-to-home-letters\/","title":{"rendered":"London is a tax haven much closer to home | Letters"},"content":{"rendered":"


\nRichard Brooks is certainly correct that, in the long run, tax havens need to be driven out of existence (We don\u2019t need to reform tax havens \u2013 just get rid of them, 5 April). But given the enormous scale of the vested interests that support their existence, this is politically a rather utopian goal. Meanwhile, some much simpler reforms could help; the scam, which permitted thousands of wealthy individuals (not just the super-rich oligarchs etc) to avoid paying stamp duty on property purchases by using an overseas \u201ctrustee company\u201d, has been recently whittled away by George Osborne\u2019s latest measures.Now, it seems that those using a \u201ccorporate envelope\u201d to buy a property only escape the tax if the property is worth less than \u00a3500,000 (reduced from the previous \u00a32m rule), but this could be tightened further by banning the use of anonymous companies based in tax havens, where the owner is hidden. Other reliefs given to \u201ccompanies\u201d which are formed to buy multiple properties could also be targeted. These are achievable measures that even a Tory government dedicated to helping its \u201ccrony capitalist\u201d friends might be shamed into introducing. Who knows, even the post-Blair Labour party might support them?Richard CrookBrighton Continue reading…
\n
\nSource : theguardian.com
\nRead more…London is a tax haven much closer to home | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Richard Brooks is certainly correct that, in the long run, tax havens need to be...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-10032","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2BO","jetpack-related-posts":[{"id":73774,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eu-publishes-blacklist-of-17-tax-havens\/","url_meta":{"origin":10032,"position":0},"title":"EU publishes blacklist of 17 tax havens","date":"December 6, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...EU publishes blacklist of 17 tax havens","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10036,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cameron-accused-of-backdown-on-tax-havens\/","url_meta":{"origin":10032,"position":1},"title":"Cameron accused of backdown on tax havens","date":"April 6, 2016","format":false,"excerpt":"\r Government struggles to contain Panama Papers fallout\r \r Source : ft.com\r Read more...Cameron accused of backdown on tax havens","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71072,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-the-queen-was-dragged-into-tax-havens-affair\/","url_meta":{"origin":10032,"position":2},"title":"How the Queen was dragged into tax havens affair","date":"November 7, 2017","format":false,"excerpt":"\r UK monarch is Duchy of Lancaster\u2019s beneficiary but does not control its investments\r \r Source : ft.com\r Read more...How the Queen was dragged into tax havens affair","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76824,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-set-to-be-removed-from-eu-blacklist-of-tax-havens\/","url_meta":{"origin":10032,"position":3},"title":"UAE set to be removed from EU blacklist of tax havens","date":"January 16, 2018","format":false,"excerpt":"\r UAE had expressed surprise and disappointment over its inclusion in the list of 17\r \r Source : arabianbusiness.com\r Read more...UAE set to be removed from EU blacklist of tax havens","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134279,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gulf-royals-own-more-than-1bn-of-uk-property-via-tax-havens\/","url_meta":{"origin":10032,"position":4},"title":"Gulf royals own more than \u00a31bn of UK property via tax havens","date":"January 28, 2023","format":false,"excerpt":"\r New government register shows how offshore jurisdictions used for ownership of nearly 200 properties including hotels and country estatesThe royal families of Gulf states including Saudi Arabia, the United Arab Emirates and Qatar own more than \u00a31bn of UK property via offshore jurisdictions, such as Jersey and the British\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29481,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-joy-of-tax-3-things-weve-learned-about-real-estate-taxes-in-indonesia\/","url_meta":{"origin":10032,"position":5},"title":"The joy of tax: 3 things we\u2019ve learned about real estate taxes in Indonesia","date":"October 11, 2016","format":false,"excerpt":"\r Tax amnesty, tax havens and luxury taxes in Indonesia \u2013 it\u2019s all going on Africa Studio\/Shuttershock Tax, the second most interesting word in the English language ending with \u2018x\u2019, is cropping up in Indonesian property news a lot lately. With current growth figures nothing to celebrate \u2013 a far\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10032"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=10032"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10032\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=10032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=10032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=10032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}