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 Post subject: The biggest tax haven in Europe?
PostPosted: Sun Jan 15, 2017 7:01 am 
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Chancellor Philip Hammond gave an interview to a German newspaper, some fightin' words in there.

https://www.welt.de/english-news/articl ... tners.html

Quote:
Hammond: We are now objectively a European-style economy. We are on the U.S. end of the European spectrum, but we do have an open-market economy with a social model that is recognizably the European social model that is recognizably in the mainstream of European norms, not U.S. norms. And most of us who had voted Remain would like the U.K. to remain a recognizably European-style economy with European-style taxation systems, European-style regulation systems etcetera. I personally hope we will be able to remain in the mainstream of European economic and social thinking. But if we are forced to be something different, then we will have to become something different.

Welt am Sonntag: We don’t understand: Who or what would force you?

Hammond: Economic circumstances. If we have no access to the European market, if we are closed off, if Britain were to leave the European Union without an agreement on market access, then we could suffer from economic damage at least in the short-term. In this case, we could be forced to change our economic model and we will have to change our model to regain competitiveness. And you can be sure we will do whatever we have to do. The British people are not going to lie down and say, too bad, we’ve been wounded. We will change our model, and we will come back, and we will be competitively engaged.

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 Post subject: Re: The biggest tax haven in Europe?
PostPosted: Tue Jan 17, 2017 3:28 pm 
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Perhaps the tax haven plan is not going to happen so easily.

Netherlands 'will block UK-EU deal without tax avoidance measures'

And Netherlands will not be alone.

So it goes.

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 Post subject: Re: The biggest tax haven in Europe?
PostPosted: Tue Jan 17, 2017 4:32 pm 
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That Dutch deputy PM wants to preserve his own tax haven.

The Netherlands is third in Oxfam’s tax haven league

The social-democrats are the most hypocritical of the European politicians. Don't trust them.

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 Post subject: Re: The biggest tax haven in Europe?
PostPosted: Tue Jan 17, 2017 4:47 pm 
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LaPalice wrote:
That Dutch deputy PM wants to preserve his own tax haven.

The Netherlands is third in Oxfam’s tax haven league

The social-democrats are the most hypocritical of the European politicians. Don't trust them.

Good point, the Dutch Irish double sandwich. :roll:

But the prospect the whole Britain becoming one big channel island must not be tolerated. Too much competition to Ireland, Netherlands and Luxemburg. :twisted:

So it goes.

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 Post subject: Re: The biggest tax haven in Europe?
PostPosted: Tue Jan 17, 2017 4:54 pm 
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nero wrote:
LaPalice wrote:
That Dutch deputy PM wants to preserve his own tax haven.

The Netherlands is third in Oxfam’s tax haven league

The social-democrats are the most hypocritical of the European politicians. Don't trust them.

Good point, the Dutch Irish double sandwich. :roll:

But the prospect the whole Britain becoming one big channel island must not be tolerated. Too much competition to Ireland, Netherlands and Luxemburg. :twisted:

So it goes.


The British understand that the EU will not let them exit EU without paying hard for it. it showed it with the Greeks. The Dutchs don't want to have competition and Eastern Europe does not want that their expats be rejected.

May understands it, it seems, so the hard brexit. And she has Trump behind her. We will see if the eurocrats have enough balls.

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 Post subject: Re: The biggest tax haven in Europe?
PostPosted: Tue Jan 17, 2017 5:05 pm 
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LaPalice wrote:
...
We will see if the eurocrats have enough balls.

:lol:

But never mind the bureaucrats, the hard economy facts decide what will happen.

Today EU is losing some 10e12 € per year in tax evasion. One big Channel Island more is just too much. :twisted:

So it goes.

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 Post subject: Re: The biggest tax haven in Europe?
PostPosted: Tue Jan 17, 2017 5:35 pm 
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nero wrote:
LaPalice wrote:
...
We will see if the eurocrats have enough balls.

:lol:

But never mind the bureaucrats, the hard economy facts decide what will happen.

Today EU is losing some 10e12 € per year in tax evasion. One big Channel Island more is just too much. :twisted:

So it goes.

If the eurocrats want to go to fight with the British, the British will strike back, it is as simple as that. If we don't let the eurocrats lead the things, maybe Great Britain will not be forced to be a big tax haven. The British have a example, Greece, and they are not idiot.

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 Post subject: Re: The biggest tax haven in Europe?
PostPosted: Tue Jan 17, 2017 7:56 pm 
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What are they going to do? Invade? :lol:

Hammond was pointing out, if some sort of punishment deal is on the table, the UK doesn't have to take it. There are other options.

And he's right. He wants a deal (he's a Remainer), but if the EU wants a deal it has to be better for the UK than WTO rules + tax haven. That's going to be the baseline. If the Netherlands blocks deals that's what's going to happen.

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 Post subject: Re: The biggest tax haven in Europe?
PostPosted: Tue Jan 17, 2017 7:59 pm 
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Pretty sure that in practice cooler heads will prevail. Ivory tower eurocrats like Guy Verhofstadt might be willing to cut off Europe's nose to spite it's face, but the national governments are a bit more pragmatic than that.

If they are not, then it's the EU that has the problem. Especially if this is how they treat their 'ally'. WTF. Imperial bitchiness much? :lol:

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 Post subject: Re: The biggest tax haven in Europe?
PostPosted: Wed Jan 18, 2017 6:44 am 
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The eurocrats are ready for a hard fight with the British. They don't want that others in Europe have the same idea as the British. And again, Greece is a good example to know how they behave.

Concerning the governments, if the Germans were the ones who want that Greece pays, it seems that that role is played by the French concerning Great Britain, at least until the next presidential elections.

In my opinion, Great Britain is a too big piece for the eurocrats, it is not Greece.

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