City+of+London+Corporation

Tax Haven
Tax Haven is an area where the tax rate is small or nonexistent compared to international taxation, the regulation of businesses is limited and a persons financial information is protected from the authorities.

The differences in taxation and laws between different countries allow international corporations to distribute their holdings between different countries allowing them to take advantage of the differences in the taxation and regulations of each country. Allowing each individual country to escape the label of a tax haven. toc

**The City of London Corporation**
The City Of London Corporation officially known as the Mayor and Commonalty and Citizens of the City of London, is the municipal governing body of the city of London.

Governing of The City of London Corporation
The City of London Corporation operates through Lord Mayor, the council of Aldermen and the other members of the Court of Common Council.

The leadership is elected by the residents and the representatives of the businesses residing in the City. This leads to businesses having much higher number of votes compared to the residents of the area who amount to around 7000 people.

Function of The City of London Corporation
The City of London Corporation considers itself to have three primary functions.


 * Supporting the City as the world leader in international finance and business services.
 * Providing local services and policing for residents, workers and visitors.
 * Providing services to London and the nation, including being the most significant arts sponsors in the UK and supporting the economic regeneration in the surrounding boroughs.

Criticism against The City Of London Corporation
The City of London Corporation is partly private entity unlike the other local authorities in the UK. This has led to accusations that the City of London functions as a Tax Haven inside the UK.