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Reply to "Please explain pros of Brexit to me"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] +1 It's doubtful that any company will get better tax breaks in the EU. I work for a large multi-national that owns a bank in London. Our execs were quietly rooting for Brexit. Today they are cheering. There's a reason that the EU has never had a Facebook or Google emerge, and it's not because they aren't as innovative as Americans.[/quote] I don't think tax breaks are the reason that banks are talking about moving jobs to the EU. It's about being able to sell their banking products in the EU. A lot will depend on the market access the UK is able to negotiate...but that will not be a fast process. This blogpost (that includes clips from FT and WSJ) provides some context: http://www.nakedcapitalism.com/2016/06/brexit-the-crisis-begins.html[/quote] Exactly, poster about tax breaks has no clue what they are talking about.[/quote]
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