“With the future of the City of London at stake, British chancellor Philip Hammond has previously hinted the UK could become an offshore tax haven if the UK’s financial centre was locked out of the single market.”
26th October, 2017
EU competition authorities have sunk their teeth into UK tax perks for multinationals amid a wider crackdown on aggressive tax avoidance. The European Commission said on Thursday (26 October) it had opened an “in-depth investigation” into a British law that let big corporations shift profits to offshore subsidiaries. It said the opening of the probe did “not prejudge the outcome of the investigation”.
In These New Times 