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Some of the biggest tax havens
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The Spider's Web: Britain's Second Empire

Some of the biggest tax havens in the world today are still British

Some of the biggest tax havens in the world today are still British

Full Transcript

00:00:01.000 --> 00:00:02.096
Some of the biggest tax havens
00:00:02.096 --> 00:00:05.179
in the world today are still British.
Duration
6 seconds
Views
25
Timestamp in Movie
00:08:48
Uploaded
Oct 30, 2025
Genres
documentary
Production
N/A

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Movie Summary

How Britain transformed from an imperial power to a financial power.
- [Narrator] With access to large amounts of offshore money, - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] With access to large amounts of offshore money,
By 1980, it had reached $500 billion. - The Spider's Web: Britain's Second Empire 00:05
By 1980, it had reached $500 billion.
And by 1997, nearly 90% of all international loans were made - The Spider's Web: Britain's Second Empire 00:09
And by 1997, nearly 90% of all international loans were made
The British Empire had sunk, leaving hardly a trace behind. - The Spider's Web: Britain's Second Empire 00:07
The British Empire had sunk, leaving hardly a trace behind.
But the City of London adapted and survived. - The Spider's Web: Britain's Second Empire 00:06
But the City of London adapted and survived.
The City of London, London's financial district, - The Spider's Web: Britain's Second Empire 00:07
The City of London, London's financial district,
It has been called a city within a city, - The Spider's Web: Britain's Second Empire 00:07
It has been called a city within a city,
It is run by an organization - The Spider's Web: Britain's Second Empire 00:14
It is run by an organization
- Those of you who aren't from the UK, - The Spider's Web: Britain's Second Empire 00:13
- Those of you who aren't from the UK,
The City of London is a separate entity to the wider London, - The Spider's Web: Britain's Second Empire 00:11
The City of London is a separate entity to the wider London,
- [Narrator] Every November, - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] Every November,
- The city of London has long had this curious legal status, - The Spider's Web: Britain's Second Empire 00:20
- The city of London has long had this curious legal status,
- [Narrator] To this day, the City of London is exempt - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] To this day, the City of London is exempt
Its political system derives from the Middle Ages. - The Spider's Web: Britain's Second Empire 00:05
Its political system derives from the Middle Ages.
The city's electorate is dominated not by its residents, - The Spider's Web: Britain's Second Empire 00:10
The city's electorate is dominated not by its residents...
Its lord mayor is selected by the heads of medieval guilds. - The Spider's Web: Britain's Second Empire 00:06
Its lord mayor is selected by the heads of medieval guilds.
- They have a representative in the House of Commons - The Spider's Web: Britain's Second Empire 00:07
- They have a representative in the House of Commons
Apart from the clerks of the House of Commons, - The Spider's Web: Britain's Second Empire 00:06
Apart from the clerks of the House of Commons,
- [Narrator] The City of London - The Spider's Web: Britain's Second Empire 00:14
- [Narrator] The City of London
- The Corporation of London, clearly, - The Spider's Web: Britain's Second Empire 00:16
- The Corporation of London, clearly,