(S (S (BASENP (PRP It)) (VP (MD will) (VP (VB be) (VP (VP (VBN listed) (PP (IN in) (BASENP (NNP London)))) (CONJP (COMMA ,) (CC but)) (VP (VBN taxed) (PP (IN in) (BASENP (NNP Spain)))))))) (PERIOD .))