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> will persuade many multinational corporations to stay and will even attract new ones No. To have access to the EU single market, your company MUST have its m
by tornadoboy55 10y ago
> will persuade many multinational corporations to stay and will even attract new ones
No. To have access to the EU single market, your company MUST have its main base of operation be in a EU member state.
- mojuba 10y agoLeaving the single market doesn't mean no access at all, it's just tariffs and some bureaucracy. Not that I support all this, but the Govt. seems to be hoping that becoming a tax haven will compensate all that.
- kamjam 10y agoYes, because becoming a tax haven has always done wonders for shifting money from the uber rich to the working class people. /sarc The UK really needs to sort out it's internal policies and spread the wealth around the country and the not just keep pushing "the London agenda"
- tlholme 10y agoThis is not true in many industries, due to supranational regulation. MAT insurance (a huge financial product the UK exports to the EU) is exempt from this rule due to WTO regulation. Furthermore, 'main base of operation' is pretty vague, and I don't believe it accurately reflects EU requirements. A subsidiary can be based in an EU country and provide you with all the access you would like. This isn't an option for smaller companies, but for larger ones its just an extra cost.