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Old 06.07.2016, 15:17
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Phil_MCR Phil_MCR is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I generally agree, but the increased profits will go to (and be taxed in) Germany and elsewhere, that's why ownership is important. The jobs are in the UK already so at best no change by Brexit, at worst a move of the jobs to EU territory with the next major company reorganisation. Delays at the border/customs may make Just In Time and Lean Manufacturing impossible, and if EU decides that UK components are to be tariff'ed they may well become uncompetitive despite the lower pound.

From an EU perspective, the UK is no longer "us" since the Brexit. There's no particular reason anymore to play nice.
With the release of country by country reporting requirements, we shall soon see where the tax revenues really are situated. Germany can sometimes be an attractive tax location with the right debt-financing in place, i.e., when you don't actually pay much tax in Germany...
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