The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[YuropFlyer]

	Quote:	Jim2007
	Yes but another extension would suit the EU as well... there is still a couple of months work needed to finish of the work on the ports of Cork and Roscoff, a second RoRo delivered to operate between Dublin and Europoort and final testing of the Irish/French electricity grid hook up.... It is worth remembering that Irish exports of medical and pharmaceutical goods to the EU each year amounts to about €46b, so making sure that pipeline is secure is important to the EU.

Indeed.

But it’s quite clear.

EU is like 95% ready
UK? 0%

Unless you call rationing of food or planned electric shortages a plan..

[Jim2007]

Irish EU Commissioner Phil Hogan to be appointed EU Trade Commissioner. More fun on the way then - someone else for the BRIXITEERs to blame.

[Jim2007]

Nice one...

Why did Varadkar say he wanted to be Athena to Johnson's Hercules?

[omtatsat]

A perfect example of the incompetent,archaic, British parliamentary system.

	Quote:	Jim2007
	Nice one... Why did Varadkar say he wanted to be Athena to Johnson's Hercules?

Posh burn.

[Mikers]

	Quote:	Jim2007
	Irish EU Commissioner Phil Hogan to be appointed EU Trade Commissioner. More fun on the way then - someone else for the BRIXITEERs to blame.

He looks like a man who definitely sorts out trade to make things fair and equal across the EU. I wonder if he'll put Ireland's Corporation Tax rate on his list of "unfair things to sort out" so that all of Europe can compete for business on an equal footing.

	Quote:	Mikers
	He looks like a man who definitely sorts out trade to make things fair and equal across the EU. I wonder if he'll put Ireland's Corporation Tax rate on his list of "unfair things to sort out" so that all of Europe can compete for business on an equal footing.

Hungary's is considerably lower, so maybe he will start there. Britain's is the 4th lowest, apropos of nothing.

[fatmanfilms]

	Quote:
	Hungary's is considerably lower, so maybe he will start there. Britain's is the 4th lowest, apropos of nothing.

Malta's can be close to zero as well for foreign companies. Headline rate is 5% but can be 0 depending on where the profits come from. This partially explains how there are more tax 'paying' companies than people.

4.3. 100% refund

A full refund of the tax paid by the company, resulting in an effective combined tax rate of zero may be claimed by shareholders in respect of:

income or gains are derived from an investment which qualifies as a Participating Holding; or
in the case of dividend income, where such Participating Holding falls within the safe harbours or satisfies the anti-abuse provisions.
4.4. The 5/7ths refund

There are two cases where a 5/7 refund is given:

when the income received is passive interest or royalties; or
in cases of income arising from a participating holding which does not fall within the safe harbours or satisfy the anti-abuse provisions.
4.5. The 2/3rds refund

Shareholders who claim double taxation relief in respect of any foreign income received by a Malta company are limited to a 2/3 refund of the Malta tax paid.

4.6. The 6/7ths refund

In cases of dividends which are paid to shareholders out of any other income which has not being previously mentioned, these shareholders become entitled to claim a refund of 6/7ths of the Malta tax paid by the company. Thus, shareholders will benefit from an effective rate of Malta tax of 5%.

[Mikers]

	Quote:
	Hungary's is considerably lower, so maybe he will start there. Britain's is the 4th lowest, apropos of nothing.

Excellent - so he has Ireland AND Hungary to align, so that the EU can act as one single, fair entity.

	Quote:	Mikers
	Excellent - so he has Ireland AND Hungary to align, so that the EU can act as one single, fair entity.

And now in English?

Is it possible the EU don't control every aspect of economic policy and individual countries are free to set their own tax rates? Surely the Brexiteers are in favour of this?

[k_and_e]

	Quote:
	And now in English? Is it possible the EU don't control every aspect of economic policy and individual countries are free to set their own tax rates? Surely the Brexiteers are in favor of this?

Yes, but I can imagine that the EU doesn't want its member states to start a race to the bottom.

[krlock3]

Under Orban, it is arguable that Hungary is not even a functioning democracy.

[marton]

Boris's second attempt to vote for an election failed with only 298 votes, around 140 short of the majority needed.

Boris now has an unusual record, he has lost every motion (now six) he has brought to the House.

He now seems to be short of any good options, reminds me of the performance review of a military officer. His chief wrote " His men will follow him everywhere, mostly out of curiosity about what he will do next".

	Quote:	marton
	Boris's second attempt to vote for an election failed with only 298 votes, around 140 short of the majority needed. Boris now has an unusual record, he has lost every motion (now six) he has brought to the House. He now seems to be short of any good options, reminds me of the performance review of a military officer. His chief wrote " His men will follow him everywhere, mostly out of curiosity about what he will do next".

I wonder how many setbacks he'll shoulder before he goes off on a Trump-style twitter rant. There's probably only a finite fuse for someone who is living the dream and people keep getting in the way.

[Jim2007]

	Quote:	Mikers
	He looks like a man who definitely sorts out trade to make things fair and equal across the EU. I wonder if he'll put Ireland's Corporation Tax rate on his list of "unfair things to sort out" so that all of Europe can compete for business on an equal footing.

You know the way BREXITEERS like to claim the EU made Ireland vote twice on the Lisbon treaty?

Well one of the reasons the Irish people rejected the treaty was that they did no agree with the taxation provisions of the treaty, although the Irish government did. So the only way the EU could get the Irish voters to agree to the treaty was to give them an opt out on taxation.

That is there until the Irish people as opposed to the Irish government decides otherwise. Although recent polls suggest above 60% of the voters would now be willing to accept the tax provisions, so there will most likely be another referendum on it in the near future.

Under the Irish constitution, the government’s role in EU treaty affairs is restricted to conducting negotiations only, ratification is reserved to the people.

[Mikers]

	Quote:
	And now in English? Is it possible the EU don't control every aspect of economic policy and individual countries are free to set their own tax rates? Surely the Brexiteers are in favour of this?

Yes they are, no doubt. Boris Johnson almost certainly will turn the UK into some offshore tax haven off europe, which is not a great thing.

I think all the hatred towards the UK because it is trying to cast out on its own, gives the impression the EU is a unified, aligned block that does everything seamlessly as one unit without murmer or complication. Each country wants their own competitive advantage.

[krlock3]

	Quote:
	I wonder how many setbacks he'll shoulder before he goes off on a Trump-style twitter rant. There's probably only a finite fuse for someone who is living the dream and people keep getting in the way.

I think he has been remarkably consistent in his message so far.

	Quote:	krlock3
	I think he has been remarkably consistent in his message so far.

I'm not saying he isn't consistent.

[krlock3]

I'm actually just quite surprised is all.

	Quote:	krlock3
	I'm actually just quite surprised is all.

I think his unwavering stance will be his downfall, to be honest. I know it's seen as "heroic" and trying to deliver "what the people want" and all, but it's not as if it's delivering on a landslide result, despite those who did the maths and worked out that that 52% is actually 100%.

Out of the 52%, three years on, it's unlikely there is much of that % rabidly chasing a no deal, which further dulls the appetite for backing BoJo (or is it Cummings these days?).

He'd be better facing up to the reality that his "my way or the highway" doggedness is just not going to work or, if it does get forced through will, at some point, come back to bite him and bite him hard. When he faces up to that, he can then start to find a solution - or appoint someone who can. Or just scrap it.

Ironically, I think the decision to scrap the whole thing would probably create a lesser and shorter-lived backlash than if he carries on head-down-arse-up into getting his result.