UK: Revealed: 9% rise in London properties owned by offshore firms

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"Forty thousand properties across London are owned by secretive offshore companies, an increase of 9% over the past 10 months, the Guardian can reveal.

An analysis of Land Registry data shows that entire developments from the East End to Knightsbridge have been sold to anonymous owners shielded by companies in tax havens including Panama, Liechtenstein and the British Virgin Islands."

Read more on: www.theguardian.com

Source : UK: Revealed: 9% rise in London properties owned by offshore firms

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