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The Spider's Web: Britain's Second Empire

United Kingdom

Michael Oswald Director

  • Added 6 months ago to OS XV 2017

    Britain transformed from a colonial into a global financial power.

    At the demise of empire, City of London financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it behind obscure financial structures in a web of islands.

    Today up to half of global offshore wealth may be hidden in British offshore jurisdictions who are the top players in the world of international finance.

    How did this come about, and what impact does it have on the world today?