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04-13-2016, 01:53 PM
Secret offshore firms 'own area 3 times bigger than London'
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LONDON — Offshore companies based in tax havens like the British Virgin Islands own an area in Britain that's three times the size of Greater London, a report (https://www.globalwitness.org/en/press-releases/area-uk-three-times-bigger-greater-london-owned-secret-companies-offshore-tax-havens/)*reveals.*
A staggering 1.2 million acres of land (1875 square miles) in the UK is owned offshore, Global Witness says, based on the database of land registry leaked (http://www.private-eye.co.uk/registry) to Private Eye Magazine.*
That includes vast chunks of central London's Baker Street, which are owned by a collection of offshore companies allegedly linked (https://www.globalwitness.org/en/campaigns/corruption-and-money-laundering/mystery-baker-street/) to Kazakh businessman*Rakhat Aliyev and his family.*
SEE ALSO: Panama Papers: 5 biggest revelations from the leaked documents (http://mashable.com/2016/04/04/panamapapers-5-revelations/) Read more... (http://mashable.com/2016/04/13/offshore-companies-baker-street-sherlock-holmes/)
More about Panama Papers (http://mashable.com/category/panama-papers/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Offshore Companies (http://mashable.com/category/offshore-companies/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Sherlock Holmes (http://mashable.com/category/sherlock-holmes/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), London (http://mashable.com/category/london/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Uk (http://mashable.com/category/uk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/2-Wq6zYhOAw
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LONDON — Offshore companies based in tax havens like the British Virgin Islands own an area in Britain that's three times the size of Greater London, a report (https://www.globalwitness.org/en/press-releases/area-uk-three-times-bigger-greater-london-owned-secret-companies-offshore-tax-havens/)*reveals.*
A staggering 1.2 million acres of land (1875 square miles) in the UK is owned offshore, Global Witness says, based on the database of land registry leaked (http://www.private-eye.co.uk/registry) to Private Eye Magazine.*
That includes vast chunks of central London's Baker Street, which are owned by a collection of offshore companies allegedly linked (https://www.globalwitness.org/en/campaigns/corruption-and-money-laundering/mystery-baker-street/) to Kazakh businessman*Rakhat Aliyev and his family.*
SEE ALSO: Panama Papers: 5 biggest revelations from the leaked documents (http://mashable.com/2016/04/04/panamapapers-5-revelations/) Read more... (http://mashable.com/2016/04/13/offshore-companies-baker-street-sherlock-holmes/)
More about Panama Papers (http://mashable.com/category/panama-papers/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Offshore Companies (http://mashable.com/category/offshore-companies/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Sherlock Holmes (http://mashable.com/category/sherlock-holmes/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), London (http://mashable.com/category/london/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Uk (http://mashable.com/category/uk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/2-Wq6zYhOAw