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The only persons who know about the creation
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The Spider's Web: Britain's Second Empire

The only persons whoknow about the creation of this agreement are thetrustee and the...

The only persons who
know about the creation of this agreement are the
trustee and the settlor

Full Transcript

00:00:01.000 --> 00:00:03.104
- The only persons who know about the creation
00:00:03.104 --> 00:00:06.956
of this agreement are the trustee and the settlor.
Duration
8 seconds
Views
19
Timestamp in Movie
00:18:02
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.
There is no financial reporting obligation of trusts. - The Spider's Web: Britain's Second Empire 00:06
There is no financial reporting obligation of trusts.
They're not required to put annual statements - The Spider's Web: Britain's Second Empire 00:07
They're not required to put annual statements
So actually trusts are, to all intents and purposes, - The Spider's Web: Britain's Second Empire 00:08
So actually trusts are, to all intents and purposes,
- [Narrator] Economist John Christensen - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] Economist John Christensen
We're talking now about trillions, - The Spider's Web: Britain's Second Empire 00:10
We're talking now about trillions,
For tax purposes and for other purposes, - The Spider's Web: Britain's Second Empire 00:06
For tax purposes and for other purposes,
Everything, works of arts, gold bullion, - The Spider's Web: Britain's Second Empire 00:17
Everything, works of arts, gold bullion,
Now think that one through, 'cause we are talking - The Spider's Web: Britain's Second Empire 00:13
Now think that one through, 'cause we are talking
- Well, the Cayman Islands are among several - The Spider's Web: Britain's Second Empire 00:11
- Well, the Cayman Islands are among several
The countries are now required - The Spider's Web: Britain's Second Empire 00:09
The countries are now required
- It's important that the Cayman Islands - The Spider's Web: Britain's Second Empire 00:11
- It's important that the Cayman Islands
And I think this importantly reflects - The Spider's Web: Britain's Second Empire 00:13
And I think this importantly reflects
- The trust lies at the core of the British secrecy model. - The Spider's Web: Britain's Second Empire 00:05
- The trust lies at the core of the British secrecy model.
The British, of course, are only too willing - The Spider's Web: Britain's Second Empire 00:08
The British, of course, are only too willing
- [Narrator] Trusts are the basic building block - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] Trusts are the basic building block
Every secrecy jurisdiction offers a specific set - The Spider's Web: Britain's Second Empire 00:11
Every secrecy jurisdiction offers a specific set
The combination of these services - The Spider's Web: Britain's Second Empire 00:14
The combination of these services
- An offshore structure will often have a trust kind - The Spider's Web: Britain's Second Empire 00:07
- An offshore structure will often have a trust kind
The trust will be here, managing the assets, - The Spider's Web: Britain's Second Empire 00:06
The trust will be here, managing the assets,
Underneath it, the trust will own some shell companies. - The Spider's Web: Britain's Second Empire 00:06
Underneath it, the trust will own some shell companies.