US billionaire's London property splurge spurs calls to keep tax local

Ken Griffin spent almost £200m on two houses, but will pay only £3,000 in council tax

The body representing regional government in England and Wales has called for more taxation to be retained by local councils in the wake of two huge London property purchases by a US hedge fund billionaire.

Three of the most expensive homes in the world have been sold recently to one man, American financier Ken Griffin, who has become known for spending his fortune on lavish properties in some of the world’s most glamorous cities. All of the latest properties have been eulogised as stunning.

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from The Guardian http://bit.ly/2BCqf9B