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A comment on City of London: Tax haven in the heart of Britain (2011). Parent comment

Re:City of London: Tax haven in the heart of Britain (2011) by jungturk on Thursday June 25, 2020 @11:14PM (#23648315)
Certainly true, but a liquid market of subjectively valued items that preserve value well - art, jewelry, and real estate - is awfully convenient.

If I were someone who needed defensible transfers of large amounts of wealth in discreet transactions, London real estate laws certainly are convenient.

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Re:City of London: Tax haven in the heart of Britain (2011) by imtringued on Friday June 26, 2020 @03:42AM (#23649683)
The problem isn't that they are preserving their value. It's that they are growing quickly in value which is something that shouldn't happen with an essential human need like housing.
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