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Why the UK property market is at the centre of global tax avoidance and financial crime

The Pandora Papers – the biggest ever leak of offshore data – has revealed that the UK’s property market is being abused to the tune of billions by the world’s rich and powerful.

The documents have exposed the secret dealings of some of the most influential and wealthy people in the world, including the growing practice of buying UK properties through secret, offshore shell companies.

The Pandora Papers alone suggest that more than £4bn worth of property has been bought in this way, with the overall figure thought to be closer to £170bn.

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