Re: Possible 100,000 city jobs to go

SF two things.

The EU has aid that it will not let the UK do that and will secure guarantees before any trade deal is signed.
And Spain's insistence on being part of the Gibraltar situation was because of Spain's fear of this very thing being increased in Gib. (Plus a new land border and their issues and the strategic location of the headland).

https://www.commonspace.scot/article...tax-haven-role
and from:

http://www.politico.eu/article/brita...s-theresa-may/

If the U.K. carries out its threat to become a tax haven, it will condemn itself to major economic costs — and to significant political damage. A tax and regulatory race to the bottom would undercut public services, exacerbate inequality and depress long-term growth.

Re: Possible 100,000 city jobs to go

Hi

When we leave the EU the EU will not be telling us what to do.

Secondly, the Tax Haven thing.

The EU already has it's own Tax Haven.

It is called Luxembourg.

Juncker was previously Prime Minister of Luxembourg and has been using his position in the EU to protect it.

Luxembourg is a small European country that borders Belgium, France, and Germany with a population of 550,000. Luxembourg's tax haven status comes from its business-friendly laws that allow international companies to park portions of their business there to dodge billions in tax bills. About 33% of U.S. Fortune 500 companies have subsidiaries in Luxembourg, according to a 2014 report from Citizens for Tax Justice and U.S. PIRG Education Fund.

There are immense benefits to becoming a Tax Haven, it will not affect our funding of Public Services.

Luxembourg is living proof of that.

It is an immensely rich country with fantastic Public Services.

Move over Juncker and Luxembourg, your time is done.

Re: Possible 100,000 city jobs to go

Well said. It amazes me how some rather stupid people seem to think that the EU can do just what the hell it wants.

Perhaps those people have been brainwashed. In any event, their little world will come crashing down within a few years.

Re: Possible 100,000 city jobs to go

Swims i am not averse to living in a tax haven but i don't see how that would reduce immigration as everyone would want to domicile here or reduce the cost of property. So for ordinary people with businesses where they produce stuff or import stuff what would it mean? Wouldn't everything be expensive? I also agree with flick re international reputation. We are too big to go down that route. Perhaps when Scotland and NI leave..

Re: Possible 100,000 city jobs to go

SF I am afraid this myth of not doing the EU's bidding is bound up in what trade agreements are in place after 2010.

If you want to do any trade deal with the EU (or risk serious economic issues) then you will have to agree to EU rules on production, standards and quality, labour laws and human rights, labelling, transport, and environmental impact .

Now perhaps you could tell me what difference that would make to the current laws governing trade currently derived from the EU?

Re: Possible 100,000 city jobs to go

Sounds more like a protection racket daily

Re: Possible 100,000 city jobs to go

Being a tax haven equals being a place to launder money or do unsavoury deals.

Because the value of the pound has dropped there has been an influx of even more wealth buying up property and businesses in the UK so more money can be laundered, new owners of UK businesses can do what they like with them including closing them down and moving them out, more homes are bought by wealthy non Brits and left empty or are rented out at the same or higher prices, and there are fewer homes for purchase by Brits.

Being a tax haven attracts illegal money and a host of international regulation such as disclosure (which Switzerland is still struggling with) and reputation.

The UK already operates some tax havens...Bermuda being one.

One day the UK will come to realise that it is never free of outside regulation. No country involved with the rest of the world is. and if you are not involved wit the rest of the world you will be a poverty stricken country.

Re: Possible 100,000 city jobs to go

It is a decent democratic trading bloc which insists on the highest standards and which in a very dangerous dog eat dog world, looks after its own.
It isn't perfect but I for one feel far safer inside it th an going about the world begging for ways to retain a standard of living I am used to.

Re: Possible 100,000 city jobs to go

Your idea of democratic and mine are very different !

Re: Possible 100,000 city jobs to go

Hi

Just having a quick coffee in the midst of cleaning my carpets.

A quick reply, no need to go over old ground.

The EU has 80 Trade Agreements in place with Countries who have a very diverse range of labour laws and human rights, environmental protection etc.

The UK will simply become one of those Countries.

As regards Technical standards, not an issue, we already comply with them as we are part of the EU.

We have to comply with the Technical standards of which ever Country we export to, we already do so when we export to them.

What the EU Trade agreements with other Countries do not contain is an insistence on free movement of all EU Citizens, forced payments of child benefits to children who do not live here in the UK or submission to the rulings of the ECJ.

Neither do they include a requirement to join an EU Army.

We would also do our own quality testing, not have to accept EU Testing, which, as we all know from the VW/Audi Diesel Sandal, is rigged.

Your adopted Country, France, has one of the worst records in ignoring EU Human Rights Legislation.

The forced deportation of the Roma, the failure to provide adequate and humane housing conditions for migrants, witness the Calais Camps, disgusting places.

I hope these few examples explain the situation.

No space bar was injured in this post.