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London —the Leading International Financial Centre?

Sara Luder of Slaughter and May looks at the tax implications of the Treasury's proposals to strengthen London's position as the world's leading international financial centre
'London is the world's leading international financial centre and has great potential to be even more successful … Increasing competition between London other established financial centres and new growing centres linked to the increasing internationalisation of financial markets and technological change means that future success can never be taken for granted.'
So read the joint statement that was issued on Budget Day and was endorsed by HM Treasury.
The joint statement goes on to identify London's three key strengths: its scale its scope and its internationalism. These strengths are based in turn on some...

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