The stakes for platforms like Twitter would be even higher under the Online Safety Bill, which threatens jail time for company executives for serious violations, as well as penalties of up to 10% of annual global sales.
How is this pathetic little island going to enforce its judgments, assuming that by that time it hasn't been annihilated by a nuclear war with Russia that it started?
London is pretty much the main hub of global finance. All sorts of shady business that you can't even get away with in New York is routed through London. It's the capital for financial fraud and rehypthecation. From there money can be routed through countries like Ireland, Netherlands, Switzerland, Monaco to evade the tax.
In my opinion though, its all talk because to many powerful people with links to our political class don't want to upset this arrangement because they know if they can do it to Musk they can do it to anyone else they feel like going after. A lot of dirty money would probably move out of London to somewhere else.
Clickbait. After the headline there is nothing in the linked article about Elon Musk being threatened with jail.
How is this pathetic little island going to enforce its judgments, assuming that by that time it hasn't been annihilated by a nuclear war with Russia that it started?
London is pretty much the main hub of global finance. All sorts of shady business that you can't even get away with in New York is routed through London. It's the capital for financial fraud and rehypthecation. From there money can be routed through countries like Ireland, Netherlands, Switzerland, Monaco to evade the tax.
In my opinion though, its all talk because to many powerful people with links to our political class don't want to upset this arrangement because they know if they can do it to Musk they can do it to anyone else they feel like going after. A lot of dirty money would probably move out of London to somewhere else.