Important article. More of this stuff please. Most of us are just completely unaware of just how much income and profit flows out of Britain and into tax havens. We all lose out. If we clamped down on this, the boost to the exchequer would be a game-changer, we could have the all of investment in schools, skils, hospitals and infrastructure we aspire to and pay down the national debt at the same time. It's a national scandal. You won't see stories like this in the Daily Mail..... because it's proprietor is a tax exile too. On top of all that, not knowing who owns vast swathes of our country is anti-democratic and a threat to sovreignty. The new law doesn't go anywhere near far enough.
Whats the point of a law making property ownership transparent if the owners are using offshore companies to hide. Yet another poorly thought out piece of legislation by this govt. Its just a platitude. It wasnt really meant to reveal all those tory donors ;-)
NB. Lots of flats are owned by foreign nationals as 'investment' portfolios. They are sold to them as buy to let investments.
Its a nightmare trying to find the owner to serve improvement notices on them when tenants have problems.
The council is currently trying to squeeze all its staff into offices it leases (rents from private owners) so it can sell off its assets to try to fund public services. Yet again another stupid piece of tory legislation to try to deal with the results of decades of neoliberalism. Very short term solution. How will we fund all that social care, schools, police, road repairs, environmental protection etc etc that the public want (but wont pay for via income tax) once we have run out of things to sell?! Which wont take long...if you dont go bankrupt this year then you probably will next...
More and more high rise office or flats get planning approval each year. This then makes 'old ones' very undesirable and unlettable. Theres just no end to the scandal....
It would be interesting to know how much property abroad is owned by Sheffielders and Sheffield companies. Never mind UK companies and residents. Its a 2 way street after all or does it only matter in 1 way?
Important article. More of this stuff please. Most of us are just completely unaware of just how much income and profit flows out of Britain and into tax havens. We all lose out. If we clamped down on this, the boost to the exchequer would be a game-changer, we could have the all of investment in schools, skils, hospitals and infrastructure we aspire to and pay down the national debt at the same time. It's a national scandal. You won't see stories like this in the Daily Mail..... because it's proprietor is a tax exile too. On top of all that, not knowing who owns vast swathes of our country is anti-democratic and a threat to sovreignty. The new law doesn't go anywhere near far enough.
How many of the remaining and operating manufacturing sites in Sheffield are owned by overseas companies?
It would be interesting to identify the nature of Israel's assets in South Yorkshire. Can this be done?
Tbh Im not sure I can take any more bad news...
The more property that is owned by these absentee landlords the more money is creamed off by them and expatriated;
Sucking Sheffield dry.
Really interesting article. This is such important stuff. More please
Whats the point of a law making property ownership transparent if the owners are using offshore companies to hide. Yet another poorly thought out piece of legislation by this govt. Its just a platitude. It wasnt really meant to reveal all those tory donors ;-)
NB. Lots of flats are owned by foreign nationals as 'investment' portfolios. They are sold to them as buy to let investments.
Its a nightmare trying to find the owner to serve improvement notices on them when tenants have problems.
The council is currently trying to squeeze all its staff into offices it leases (rents from private owners) so it can sell off its assets to try to fund public services. Yet again another stupid piece of tory legislation to try to deal with the results of decades of neoliberalism. Very short term solution. How will we fund all that social care, schools, police, road repairs, environmental protection etc etc that the public want (but wont pay for via income tax) once we have run out of things to sell?! Which wont take long...if you dont go bankrupt this year then you probably will next...
Whatever the truth about who benefits from the ownership of Sheffield's buildings it is essential that the situation is as transparent as possible.
Travelling around the city it is striking that there seems to be so much unoccupied office space. What is likely to happen to these buildings? My
Guess is that 'working from home' wasn't even a distant possibility when these buildings were conceived.
My hope is that a new government will get a firm grip on all aspects of 'big business'. But my fear is that nothing will change!
Hahaha...govt...firm grip?!
More and more high rise office or flats get planning approval each year. This then makes 'old ones' very undesirable and unlettable. Theres just no end to the scandal....
Just to be clear I don't own any property or assets abroad, in case you were wondering!
Why not?! Where will you go when the apocolypse happens?!
Don't think I could run to an apocalypse retreat in New Zealand as so many billionaires do!
It would be interesting to know how much property abroad is owned by Sheffielders and Sheffield companies. Never mind UK companies and residents. Its a 2 way street after all or does it only matter in 1 way?