UK

The London office, the empty boxes and the £1bn tax loophole

Exclusive: How a court case over an unoccupied office block could end a widely used tax avoidance schemeFrom the outside, the seven-storey building at 2 America Square looks like any other office block in the heart of London’s financial district.Located about half a mile from Tower Bridge, one might expect it to be a hive of commercial activity, teeming with employees holding important meetings. However, much of the property is home not to staff vying for their next bonus, but…

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Source: www.theguardian.com

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