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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.

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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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