Wednesday, March 01, 2017

U.K. Plans To Turn Itself Into The Economic Equivalent Of Nevada

Britain's Plan to Become the Next Switzerland

If Britain’s exit from the EU goes horribly wrong, the U.K. government has hinted at a contingency plan: radically reduce corporate tax rates, turning Britain into an irresistible tax haven for international companies. In an interview in January with the German newspaper Welt am Sonntag, Britain’s finance minister, Philip Hammond, suggested that if the EU were…