There is little doubt that Brexit will result in change, even if at present it is impossible to predict what that will entail. There may be pressure on UK policy makers to offer an even more attractive tax system, although such reform is likely to be constrained by the need to maximise the facilitation for cross-border trade and investment. In the interim, large businesses might wish to consider establishing a cross-functional ‘Brexit’ committee to monitor developments and plan for risks.
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There is little doubt that Brexit will result in change, even if at present it is impossible to predict what that will entail. There may be pressure on UK policy makers to offer an even more attractive tax system, although such reform is likely to be constrained by the need to maximise the facilitation for cross-border trade and investment. In the interim, large businesses might wish to consider establishing a cross-functional ‘Brexit’ committee to monitor developments and plan for risks.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: