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Thu Mar 14, 2019, 02:26 PM

Brexit: Parliament votes to delay, rejects a second referendum for now

Source: Washington Post



LONDON — British lawmakers voted Thursday to seek to delay Brexit — maybe for weeks, maybe for months — after Prime Minister Theresa May’s plans for leaving the European Union have been repeatedly rejected by a raucous Parliament trying to wrestle control of the exit from the government.

Lawmakers also voted against holding a second Brexit referendum, a complete do-over that could see the results of the historic June 2016 plebiscite overturned. While many members of Parliament may ultimately back a second referendum — a highly contentious prospect, marketed as a “People’s Vote” — even supporters of the move withheld support on Thursday, hoping instead to push the idea in tumultuous days to come.

May offered lawmakers a stark choice. Either support her now twice rejected Brexit deal in a third “meaningful vote” next week — dubbed MV3 — or face the prospect of a very long Brexit delay.

Christopher Chope, a hard-line Brexiteer and fellow member of May’s Conservative Party, confessed he felt May’s cold steel. “Instead of accepting verdict of House, she is stubbornly continuing to assert that her deal is a good deal. And now she is holding a pistol to our heads by threatening that we will lose Brexit altogether,” he told the House of Commons during the debate.

Read more: https://www.washingtonpost.com/world/europe/brexit-vote-delay-and-second-referendum/2019/03/14/d97ffdd8-4405-11e9-94ab-d2dda3c0df52_story.html

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Reply Brexit: Parliament votes to delay, rejects a second referendum for now (Original post)
BumRushDaShow Mar 14 OP
ProfessorPlum Mar 14 #1
Hulk Mar 14 #2
Ghost Dog Mar 14 #3
former9thward Mar 14 #4
Ghost Dog Mar 14 #6
meadowlander Mar 14 #5
Ghost Dog Mar 14 #7

Response to BumRushDaShow (Original post)

Thu Mar 14, 2019, 03:17 PM

1. "May's cold steel" Ha ha ha ha ha ha

"threatening that we will lose Brexit altogether" - you can only wish you'll be so lucky, Chope. Not that you deserve it. This Brexit is the dumbest idea ever, and it's supporters are idiots and its leaders are frauds.

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Response to BumRushDaShow (Original post)

Thu Mar 14, 2019, 03:31 PM

2. Are we supposed to care?

Where I live, we get three cable news networks...CNN, CNN HLN, and dRumpf propaganda network. The first two are consumed with Brexit. I honestly don’t give a rat’s ass what happens. I have zero depth of knowledge in the pros and cons, I have zero knowledge of what is being proposed and what the results will mean, and I have zero interest. Personally, from the little I know, or care to know, there were some problems with adhering to the EU rules regarding fishing rights, misc. but to dump the whole agreement down the toilet seemed rather desperate.

My gripe is the only option I have to watching the English accents about a topic I don’t care about at all, is listening to fox bull shit. Yes, I know the third option is to turn off the tube, which I do 23 1/2 hrs a day now.

What the hell is going on, in a nutshell? They don’t want to allow the voters to have another referendum....so what is up?

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Response to Hulk (Reply #2)

Thu Mar 14, 2019, 06:50 PM

3. Wealthy international people with capital stashed in British Offshore Tax Havens (BOTs),

taxes unpaid, care.

The EU intends to clean up that act...

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Response to Ghost Dog (Reply #3)

Thu Mar 14, 2019, 07:15 PM

4. Why haven't they?

The UK has been a member since 1973. What is the EU waiting for?

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Response to former9thward (Reply #4)

Thu Mar 14, 2019, 07:47 PM

6. The EU stopped waiting, at least as far as corporations are concerned:

See especially:

https://www.taxjustice.net/



On 28 January 2016 the Commission presented its proposal for an Anti-Tax Avoidance Directive as part of the Anti-Tax Avoidance Package. On 20 June 2016 the Council adopted the Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market.

In order to provide for a comprehensive framework of anti-abuse measures the Commission presented its proposal on 25th October 2016, to complement the existing rule on hybrid mismatches. The rule on hybrid mismatches aims to prevent companies from exploiting national mismatches to avoid taxation.

In addition to the proposal the Commission also published its Staff Working Document.

The Anti-Tax Avoidance Directive contains five legally-binding anti-abuse measures, which all Member States should apply against common forms of aggressive tax planning.

Member States should apply these measures as from 1 January 2019.

https://ec.europa.eu/taxation_customs/business/company-tax/anti-tax-avoidance-package/anti-tax-avoidance-directive_en


As from the start of 2019, yes coincidentally just as the Brexit deadline looms, all EU member states will have to apply the Anti Tax Avoidance Directive (ATAD). It’s an EU law designed to tackle businesses shirking their tax-paying responsibilities.

The likes of Nigel Farage, Jacob Rees-Mogg and a host of wealthy Brexit donors are unlikely to warm to ATAD. It fact, it might be one of reasons why some Brexiteers are hell-bent on pushing for the hardest Brexit possible.

How will ATAD work?

The directive seeks to tackle the thriving culture of corporate tax avoidance. For example, consider the scenario in which an EU company shifts profits to a related company in a low-tax country reducing the tax paid on these profits: under ATAD, a company could still do this, but the profits will be taxable at EU rates.

Another situation is where EU businesses developing a new product move it to a low tax country to avoid paying larger taxes on the profits once it is developed. Thanks to ATAD this tactic won’t work as member states can levy tax on the product before it is moved.

Even with ATAD, you might argue companies – through their nifty lawyers – will find new loopholes to avoid tax, right? The EU thought of that: ATAD provides a general anti-abuse rule to counteract these regimes where national laws have failed to address them.

There are many other measures in ATAD which you will no doubt be inspired to research. But before you do that, you will hear people air grievances that this Directive is another example of how the EU hates business or that it is another instance of Brussels encroaching on our sovereignty...

https://www.theneweuropean.co.uk/top-stories/is-the-anti-tax-avoidance-directive-the-reason-the-rich-want-out-of-eu-1-5669763



... Similar accusations have been leveled at David Cameron and his true motivations behind calling the referendum, that the Conservatives were vehemently opposed to Tax Evasion regulations that were being proposed by the EU.

Back in 2015, Britain rejected plans announced by Brussels to combat “industrial-scale tax avoidance by the world’s biggest multinationals”. Britain had built a corporate tax haven for multinationals that included slashing corporation tax from 28% to 20%, new favorable tax regimes for multinationals with offshore financing subsidiaries, and tax breaks for patent-owning companies. As a result, Britain saw a number of large corporations like Aon, Fiat Industrial, and Starbucks’s European operations, set up headquarters in the UK with a small number of staff in order to take advantage of these tax laws.

The common tax regulations would have clamped down on offshoring and removed many of these elements of Britain’s competitive tax advantages over other EU Member States...

https://medium.com/the-jist/was-eu-tax-evasion-regulation-the-reason-for-the-brexit-referendum-980ba88a8077

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Response to Hulk (Reply #2)

Thu Mar 14, 2019, 07:22 PM

5. Brexit could result in a hard border for Northern Ireland

Which will reignite sectarian violence.

Brexit will also massively disrupt global trade. The UKs economy could shrink by as much as 20%.

And there’s good evidence that Russia was behind the Brexit vote in the same way they were behind Trump’s election.

So I think there are good reasons to care about Brexit but ymmv.

If you have 15 minutes it’s well worth looking up John Oliver’s coverage on YouTube.

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Response to meadowlander (Reply #5)

Thu Mar 14, 2019, 07:54 PM

7. And a hard border between an independent Scotland, in the EU,

and England, not.

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