properties were paying the full £755.60 a year Council Tax plus the £619.64 Greater London Authority charge (collectively below the national average), while five were paying the Council Tax at the 50% reduction for a second home. Westminster North MP Karen Buck stated: "When council spending is under unprecedented pressure, it is scandalous that residents in luxury apartments can avoid their share of council tax liability. It sometimes seems as if the more money you have the less you are required to pay." Nicholas Shaxson from Vanity Fair discovered that 60 apartments are owned by companies registered in tax havens as foreign companies and therefore don't have to pay taxes on the apartments. The owners of the companies remain anonymous. References Further reading External links One Hyde Park Buildings and structures in the Royal Borough of Kensington and Chelsea Residential buildings in London Retail buildings in London Knightsbridge Richard Rogers buildings Money laundering 2010 establishments in England