I'm rating this a 10/10 for it's importance to UK and very probably citizen's of all countries.
The film starts by illustrating how with many of Britian's colonies declaring independence in the post-WWII era, GB managed to retain it's control of these 'ex-colonies' by ensuring they retained sterling as their currencies. What I also learnt was the 'City of London' not to be confused with 'London' has an independent representative in the house of commons - the 'Remeberancer'
The documentary then shows how large banks and presumably other corporations were (are) able to store their assets in offshore trusts (which I understood have no legal oversight and a great degree of anonymity for the user). This relieves them of their obligation to pay tax. Even more suprising was that the head of HMRC was an ex-tax accountant recruited from the private sector to support the banks continued 'hiding' of their income from the tax payer!
As other reviewers have alluded to here - these structures are almost certainly much of the reason for this countries (i.e. UK) problems. Unfortunately, I'm not sure I see an immediate solution whilst the balance of power is so unfavourably skewed in respect of those controlling this enormous wealth.
Must watch!
The film starts by illustrating how with many of Britian's colonies declaring independence in the post-WWII era, GB managed to retain it's control of these 'ex-colonies' by ensuring they retained sterling as their currencies. What I also learnt was the 'City of London' not to be confused with 'London' has an independent representative in the house of commons - the 'Remeberancer'
The documentary then shows how large banks and presumably other corporations were (are) able to store their assets in offshore trusts (which I understood have no legal oversight and a great degree of anonymity for the user). This relieves them of their obligation to pay tax. Even more suprising was that the head of HMRC was an ex-tax accountant recruited from the private sector to support the banks continued 'hiding' of their income from the tax payer!
As other reviewers have alluded to here - these structures are almost certainly much of the reason for this countries (i.e. UK) problems. Unfortunately, I'm not sure I see an immediate solution whilst the balance of power is so unfavourably skewed in respect of those controlling this enormous wealth.
Must watch!