Brexit: Becoming a Tax Haven Is Harder Than It Looks - Bloomberg

Brexit: Becoming a Tax Haven Is Harder Than It Looks - Bloomberg



...outgoing Prime Minister David Cameron’s cabinet called for cutting the top corporate tax rate to 15 percent from 20 percent. Cameron’s successor, Theresa May, hasn’t embraced that proposal since taking office on July 13. But with some pro-Brexit members of Parliament calling for the corporate tax to be scrapped altogether,...



steep tax cuts are usually cost-effective for small countries with relatively undeveloped business sectors. In those countries, the loss in tax revenue is more than offset by new investment. Not so for Britain, ...



...By leaving the EU, Britain will be free to change some taxes affecting the sector. But if Britain’s cuts are viewed as unfair to other countries, the EU could exact a high price by restricting access to its markets, ..