The tax haven in the heart of Britain

A fascinating article about the legal status and the incredible financial and political power of The City of London. 

(T)he City of London Corporation, the local-government authority for the 1.2-square-mile slab of prime real estate in central London that is … an ancient, semi-alien entity lodged inside the British nation state; a “prehistoric monster which had mysteriously survived into the modern world”, as a 19th-century would-be City reformer put it. The words remain apt today. Few people care that London has a mayor and a lord mayor - but they should: the corporation is an offshore island inside Britain, a tax haven in its own right.