offshore finance

  • If the eurozone FTT were adopted by the UK it would probably amount to a big tax cut for the City, but the British are still unlikely to support it because they are so allergic to EU taxes, says the FT’s Alex Barker.
  • Wealthy foreign investors have long used offshore companies to hold property in London, but the scale of the practice is raising eyebrows: between 1999 and 2012 nearly 100,000 UK properties were bought through foreign companies.
  • Central banks are using specific regulatory tools to tackle credit and house price growth, rather than raising interest rates, but there are questions over whether this regulation can stop a boom.
  • MI5 warns British corporate chiefs that foreign intelligence agencies are targeting their IT workers, hoping to use them to gain access to sensitive computer systems.
  • Vox explains Middle East history and the big stories in the region through the medium of maps.

 

By Toby Luckhurst
  • Roula Khalaf muses on the lionising of broker Jordan Belfort in Martin Scorsese’s film, The Wolf of Wall Street.
  • Syrians have little hope for the talks in Geneva between the Assad regime and opposition forces, writes Borzou Daragahi.
  • Aboud Dandachi, a Sunni activist from Homs, describes life in the port of Tartous, an Assad stronghold.
  • The Catholic Church in Slovenia is in crisis after the “commercial misadventures” of clergy has placed the church in Maribor at risk of repossession.

 

Here are the pieces that caught our eyes today on the world desk: