Britain Between A Rock And A Hard Place Over Brexit


By Global Tax Weekly

Having considered both sides of the Brexit debate, many observers have come to the rather depressing conclusion that the United Kingdom is in a no-win situation with regard to its position in the European Union. It has been argued by those campaigning for a Brexit that the Remain campaign is preying on voters’ fears about the economic impact of Britain leaving the EU, especially with regard to tax and spending. Yet it’s also difficult to see how Brexit won’t have negative repercussions for the British economy, at least in the short-term. It’s just that we don’t know what those ramifications will be (although we can have a good guess: tanking pound, financial turmoil, plummeting foreign investment, etc.), or how severe they will be and how long they will last. The notion put forward by Brexiters that once detached from the EU, the UK will happily set sail into the sunset towards some utopia of self-rule to the strains of Rule Britannia, is problematic, to say the least.


For more information on this, and other topical international tax matters, please visit: https://www.cchgroup.com/roles/corporations/international-solutions/research/global-tax-weekly-a-closer-look





Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



RELATED ARTICLES AND INFORMATION

Ireland Announces New COVID Measures

In Ireland, which is currently stepping back up the COVID restriction ladder, the Government announced changes to the Employment Wage Subsidy Scheme (EWSS) and...

Poland Ponders Corporate Tax Reform

Two bills currently before Poland’s parliament would bring about sweeping changes to the country’s corporate tax rules. Some of the proposed changes were consulted...

Australia Announces Budget Measures

The Australian Government announced in its Budget that it would be bringing forward personal tax cuts that had been scheduled for 2022.

The Australian authorities...