This chapter argues that the UK's post-Brexit threats to become a tax or regulatory haven lack credibility and effectiveness. Despite political rhetoric, structural and institutional factors—such as political instability, high relocation costs, and lack of credible long-term commitments—make it unlikely that such a strategy could attract significant foreign business or harm the EU.
Empty Threats – Why the UK Has Currently No Chance to Become a Tax or Regulatory Haven
Enriques, Luca
2017
Abstract
This chapter argues that the UK's post-Brexit threats to become a tax or regulatory haven lack credibility and effectiveness. Despite political rhetoric, structural and institutional factors—such as political instability, high relocation costs, and lack of credible long-term commitments—make it unlikely that such a strategy could attract significant foreign business or harm the EU.
File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
