Re:$1T is leaving Britain because of Brexit
by cm2187 on Monday January 07, 2019 @01:25PM
(#18848241)
Correct. Though if that business was already made out of a EU branch of a London bank (likely for retail business), the tax income was already in the EU, not in the UK.
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Re:$1T is leaving Britain because of Brexit
by JAlexoid on Monday January 07, 2019 @04:06PM
(#18850074)
London has thousands upon thousands of people working in the banking sector. JPMorgan, Bank of America, VTB, Bank of China - all have 0 retail operations in London and massive headquarters. Citibank has barely any retail operations as well...
Re:$1T is leaving Britain because of Brexit
by bayesian_horse on Tuesday January 08, 2019 @03:12AM
(#18854097)
The EU doesn't tax anything, though. You may be talking about the non-UK EU members, instead. And no, I was not referring to parts of that business...