LONDON — Offshore companies based in tax havens like the British Virgin Islands own an area in Britain that’s three times the size of Greater London, a report reveals.
A staggering 1.2 million acres of land (1875 square miles) in the UK is owned offshore, Global Witness says, based on the database of land registry leaked to Private Eye Magazine.
That includes vast chunks of central London’s Baker Street, which are owned by a collection of offshore companies allegedly linked to Kazakh businessman Rakhat Aliyev and his family.
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