Re: Did the UK do the right thing in voting to leave the E.U.
 

No but it can bring a more nimble a new bargaining position. And it has assets like location, infrastructure, etc. Potentially tax advantages too if they include that.

Long way to go but there are positives. Just need to be creative.

Re: Did the UK do the right thing in voting to leave the E.U.
 

I agree - I think it was Zulu that suggested UK becomes a tax haven. That sort of thinking is required.


S

Re: Did the UK do the right thing in voting to leave the E.U.
 

It was George Osbourne

http://www.independent.co.uk/voices/george-osborne-is-trying-to-turn-post-brexit-britain-into-a-tax-haven-and-it-wont-benefit-anyone-a7119211.html

Have a laugh at this lefty article. Too precious about the "what ifs" for the wealthy before accepting new ideas can benefit all.

Re: Did the UK do the right thing in voting to leave the E.U.
 

Government is also going to have to throw money into infrastructure to keep the economy growing until things settle down

It shouldn't but I reckon HS2 is now a goer

Re: Did the UK do the right thing in voting to leave the E.U.
 

Tax haven UK? Change the laws to have extreme privacy like Switzerland etc? Downgraded credit rating for the nation and the major banks?

The UK and its overseas dependencies already makes up 25% of the world's tax haven business - Isle of Man, Guernsey, BVI, Bermuda, Anguilla, Cayman's, Turks and Caicos etc.; all inextricably linked to the City of London.

i.e. the UK is already the world's biggest tax haven.

We also know how it is already a haven for tax avoiding multinationals such as Google, Apple, Facebook etc.

What is often forgotten is that Britain went it's own way a lot within the EU - retaining the pound, having the lowest corporation tax rate in the G7 at 20% and proposals to have 17%, lowest rate in the G20 by 2020 (Gordon Brown cut it from 33% to 28% when Chancellor). (Of course what the Tories were doing was sneakingly shifting the tax burden from companies and more towards individuals, mainly indirect tax rises but that's another issue).

I'm suggesting there's not as much scope for the supposed saviour of tax haven GB as one might think.

Re: Did the UK do the right thing in voting to leave the E.U.
 

HS2 is the only work that could coax me back to the UK, I nailed HS1 haha

Re: Did the UK do the right thing in voting to leave the E.U.
 

As I said "Too precious about the "what ifs" for the wealthy before accepting new ideas can benefit all."

Now if you approach it from a view that doesn't revolve around mythical resentment. Fear resentment sold to school teachers and the like by the lowest form of society, the left wing, we may have something to talk about.

Re: Did the UK do the right thing in voting to leave the E.U.
 

Tax haven was the wrong term for me to use but UK should become like Ireland and have a very low corporate tax - it worked for Ireland and will work for the UK

Reality is that the UK is going to have to differentiate itself from the herd and give business compelling reasons to invest in the UK

Re: Did the UK do the right thing in voting to leave the E.U.
 

Can you bottle that?

Re: Did the UK do the right thing in voting to leave the E.U.
 

It has a 20% CT rate; lowest in EU, G7 currently and proposals to take it lower. As I said, not much room for manoeuvre on the downside.

Access to the single market has/will be taken away - don't you see that as a big disincentive for businesses to locate in the UK.

Re: Did the UK do the right thing in voting to leave the E.U.
 

As I said before, you have a faith which can't be shaken. When presented with facts on budget deficits as a % of GDP for example which show that Tories have actually had bigger deficits you defend your faith - all swans are white. :rofl:

Re: Did the UK do the right thing in voting to leave the E.U.
 

Resentment and fear remains then .... ho hum.

Re: Did the UK do the right thing in voting to leave the E.U.
 

Norway has access to the single market. Why wouldn't the UK be able to negotiate the same thing? The EU would be very foolish to pass that up.

Re: Did the UK do the right thing in voting to leave the E.U.
 

What is to be gained from giving up EU membership and being subject to 3/4 of EU legislation with no voting rights in return for access to the single market?

In return for that access Norway is obliged to implement all the EU’s laws relating to the internal market. As a result, Norway has had to implement about three-quarters of all EU legislation, including the working time directive.
What say does Norway have over EU rules?

None. Norway has representatives in EU institutions, but they have no decision-making power in how EU rules are drafted.


The country has been granted participation rights, but no voting rights, in several of the union’s programmes, bodies and initiatives, including the European Defence Agency, Frontex, Europol and the European Monitoring Centre for Drugs and Drug Addiction.

In 2012, Norway was paying €340m (£245m) a year into the EU budget – the tenth-highest contributor. The thinktank Open Europe estimates that the UK would pay 94% of its current costs (£31.4bn annually) if it left the EU but adopted a Norway-type arrangement.

No voting rights, still subject to EU legislation on the single market, pay almost the same to the budget as currently in order to stem the flow of migrants.

Re: Did the UK do the right thing in voting to leave the E.U.
 

Only the tenth highest contributor ...... wow ..... that's very low for all the wealth Norway has. I bet the wealthy police (those hypocrites in the left wing) are up in arms about that.

Anyhow, without degenerating the conversation about the merits of leaving or remaining, its decision made, time to move on and make it happen, and start negotiating hard.

Might as well get a head start before the upcoming French and German elections force the hand of those countries.