“But the problem is that the boundaries of tax havens themselves can become very blurred. London is an international financial system that sees trillions of dollars from all over the world go through it each year, and that offers the most sought after financial services. This alone would be enough to make this city a desired anchorage for those looking to launder and reinvest unlawful funds. But there is more; besides this, the British capital is at the heart of the world’s most important offshore system.”

— Roberto Saviano

Dirty Money in London event (2016)

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Roberto Saviano 9

Italian journalist, writer and essayist 1979

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“The only company to have made a profit is the one in the tax haven, but because it’s in a tax haven, it doesn’t pay tax. This is how a company is able to generate revenue without having to pay tax anywhere. In tax havens, boundaries between what’s legal and illegal become very blurred. The recent leak on the Panama Papers revealed how international leaders, celebrities and businessmen from all over the world were using offshore companies to avoid making their assets public and, in some cases, potentially to dodge tax or hide illegal activities. Panama is where criminal capitalism and legal capitalism become one. … Today in the heart of Panama you can still find the money of Mexican Narcos and major European businessmen. Different origin, same advantages.”

Roberto Saviano (1979) Italian journalist, writer and essayist

Dirty Money in London event (2016)

“The IMF and World Bank are still appalling, and now the World Trade Organisation too. All over the world people die unnecessarily because of the international financial system. Every year the international financial system kills more people than World War II. But at least Hitler was mad.”

Ken Livingstone (1945) Mayor of London between 2000 and 2008

NME, 15 April 2000
Source: https://web.archive.org/web/20000529082432/http://www.nme.com/newsdesk/20000411113543.html

“A fully-serviced tower block that is empty for most of the year, whilst most Londoners can barely find an affordable place to rent in London. Houses in London are not being used as homes, but as concrete safes, looking after (often laundered) money.”

Roberto Saviano (1979) Italian journalist, writer and essayist

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“If the Bank really has development at heart, it will change the conditionalities away from privatization, deregulation and lower corporate taxation and put the emphasis on reducing military expenditures, ensuring that progressive tax legislation is enacted and enforced, that tax havens are outlawed, and that a financial transactions tax is adopted and the revenues used to build “A World Free of Poverty” through international solidarity.”

Alfred de Zayas (1947) American United Nations official

Report of the Independent Expert on the adverse impact of World Bank policies on human rights and the realisation of a democratic and equitable international order
2017, Report submitted to the UN Human Rights Council

“The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City – hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.”

François Hollande (1954) 24th President of the French Republic

As quoted in "New French leader fires a broadside at Britain: You only care about the City of London, says President Hollande" http://www.dailymail.co.uk/news/article-2141040/Francois-Hollande-French-president-says-Britain-cares-City.html (8 May 2012), Daily Mail.