[throttlebody]

City of London is a separate legal entity to England but still under the king. Hence all the banking industry is located there, to add another step in the money train to tax heavens.

[dukeyukey]

> City of London is a separate legal entity to England but still under the king

Not true. You're probably thinking of something like the Isle of Mann, or the Channel Islands, or arguably all of Canada or Australia.

The City of London is part of England.

[pjc50]

This isn't meaningfully true: it's still subject to UK tax law and the law of England&Wales in general.

The Channel Islands and Man do fit that description and are not subject to English tax law.