The University of Southampton
University of Southampton Institutional Repository

Tax doesn't have to be taxing: London's 'onshore' finance industry and the fiscal spaces of a global crisis

Wainwright, Thomas (2011) Tax doesn't have to be taxing: London's 'onshore' finance industry and the fiscal spaces of a global crisis Environment and Planning A, 43, (6), pp. 1287-1304. (doi:10.1068/a43528).

Record type: Article


In this paper I will explore London’s onshore finance industry and how it facilitates corporate tax avoidance programmes. In doing so, I will discuss how financial elites design transactions and corporate activities so as to minimise their exposure to taxation, and how these structures are shaped by the international geographies of taxation. I will investigate an area of London’s financial sector that has previously been neglected by geographers and social scientists. Finally, I turn to illustrate how tax minimisation strategies are implemented, through the example of residential mortgage-backed securitisation, and how tax-minimisation strategies made securitisation a practical tool for financiers. This provides new insights into how taxation elites facilitated the increased financialisation of Britain’s economy and the severity of its exposure to the credit crunch.

Full text not available from this repository.

More information

Published date: 3 February 2011
Organisations: Strategy, Innovation & Entrepreneurship


Local EPrints ID: 340862
ISSN: 0308-518X
PURE UUID: 24ceb5a2-bdf3-4efe-9702-1403ec1c9c58

Catalogue record

Date deposited: 06 Jul 2012 08:22
Last modified: 18 Jul 2017 05:41

Export record



Author: Thomas Wainwright

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton:

ePrints Soton supports OAI 2.0 with a base URL of

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.