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I think it is more that their attitude is that they started this whole Free Trade thing and the WTO in the first place, so people will simply be falling over themselves to give us what we want...

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Jan 18th, 2017 at 04:39:02 PM EST
[ Parent ]
Actually, Juncker's statement still has me worried that they might get most of what they want.

Of course, I can see why Luxemburg would not like competition in the tax have leaderboard - or any organised crackdown on tax havens from the EU. Would be tough to put up strong barriers as a result of the UK taking that route and not at least have a symbolic tap on the shoulder for Luxemburg...

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Wed Jan 18th, 2017 at 04:46:48 PM EST
[ Parent ]
The reason why tax havens work for Luxembourg, Holland and Ireland is they also provide access to the biggest market in the world. Low tax alone is no reason to locate in the UK unless that is also your primary market and a good base to export from.  The EU could justify tariffs on UK goods alone on the basis that devaluation creates unfair competition and the risk of dumping. However I can see why you would be worried about Juncker at the Commission: his whole mind set is in favour of low corporate taxes. Arguably, lower UK corporate taxes strengthens the case for lower taxes in the EU but the logical response is for the EU to increase the costs of doing EU business from the UK.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Jan 18th, 2017 at 05:30:01 PM EST
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