Slashdot Mirror
After Brexit, More Than 100 Firms May Move To Ireland (mirror.co.uk)
An anonymous reader quotes The Daily Mirror:
Ireland has said it has received more than 100 inquiries from major firms looking to move from the UK because of Brexit. Martin Shanahan, the chief executive of the Industrial Development Agency, said the bulk of the interest came from banks and financial institutions based in the City of London. He told the Guardian newspaper that Dublin was looking to capitalize on Brexit by wooing firms with its low corporation tax rate and status as the only English speaking country in the EU after the UK leaves the trading bloc... A recent report by accountants PwC said up to 100,000 jobs in the UK financial services sector could be lost if the UK cannot strike a deal on passporting.
The New York Times also reports on the European Medicines Agency -- which oversees approval of drugs across Europe (like America's FDA) from London. The agency believes that relocating to a different country could mean losing up to half its employees, which would majorly impact the licensing and monitoring of prescription drugs for the entire European Union.
The New York Times also reports on the European Medicines Agency -- which oversees approval of drugs across Europe (like America's FDA) from London. The agency believes that relocating to a different country could mean losing up to half its employees, which would majorly impact the licensing and monitoring of prescription drugs for the entire European Union.
Else they just run to Ireland, or other low cost havens.
Brexit is just a nice excuse, they'd want to do this anyway.
Right after the Erinexit!
Now we know where these traitors stand and where they will be.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
Either the UK will go through with Brexit or its political class will find a way around the majority decision; either way, there are turbulent times ahead. What does this have to do with technology? Why is this crap on Slashdot?
This is really Goldman Sachs lobbying for UK to accept EEA passorting rules without exception.
http://www.businessinsider.com/goldman-sachs-expects-uk-to-lose-financial-passporting-rights-post-brexit-2016-12
Lets be blunt here. UK trades at 25 billion pound deficit to the EU. What that means is goods+service sold to the EU is 25 billion less than imports of goods and services. This deficit includes financial services.
If the EU want to impose tarrif barriers, then UK will do the same. Suppose EU imposed a blanket tarrif across the board of 10%. What would that achieve? Well it would help the UK! UK would do the same, it could then subsidise exports to the EU to cover the EU tarrif (using money it makes on import tarifs from the EU), and UK WOULD STILL BE 2.5 BILLION QUID BETTER OFF. EU could subsidize its exports to UK, but would be 2.5 billion worse off.
If the tarrif was 100%, then UK would be 25 billion quid better off. If tarrif was 200% it would be 50 billion quid better off. And it's exports would still be the same because the tarif was being subsidized.
So there is not trade lever the EU has over the UK.
As to the City of London, it's not in the UK because of Corporation tax or EEA membership. They can sell those packages from any country and already do. It's there because the traders are there with the expertise. Goldman sachs has never limited itself to selling its packages as 'exports' from the UK, and this is them blustering.
better be the same for all companies, ireland, because that's what got you and apple into trouble with the e.u.
Don't let the door hit you where the globalists split you.
Make up your own facts!
More delusional Brexshit dreaming.
Hey, it could happen.
yes, the default native english speaking is a huge thing. If I wasn't forced I wouldn't speak an english word lol. I already dread the times when I have to learn chinese because they will be the overlords. Idiots brits are never pleased with what they currently have...
Would find it just as likely they are using Brexit as a convenient more acceptable excuse as "we are moving to a tax haven, thanks" doesn't go down well at the moment.
That you should not try to force people into what you want.
Brexit, Trump, the shit will keep happening over and over and over again until you learn how to talk to people like adults.
That would be wishful thinking for Ireland, the economy is totally dependent on the U.K.. And the city of London trading banking centre are a cartel of criminals protected by the English government and if the city of London trading centre was not in the U.K. it would do the nation a lot of good.. they have always been a nation of shopkeepers and traders throughout their empire years. Industry in the U.K. was destroyed in the early 70s.
Ireland is indebted to the U.K. to the sum of 104.5 billion the Irish Republic's population is 4,719,688. If the U.K. or even just England, introduced import duties it would destroy the economy of the Irish Republic they will be asking for work permits to the U.K. to become road diggers to send money to Ireland like the 1970s.
Then you have Spain who desperately needs the U.K.
You are all doomed you are all doomed if you do not do what the losing side wants. Donald Trump is the Antichrist. The Front national, is going to end the world. The Geert Wilders's Party for Freedom (PVV) are ungrateful bastards who are going to destroy the European Union. Blah blah blah blah blah blah and blah blah blah.
P.S. blah blah blah. the nasty crowd really do not understand the people they cannot be frightened into submission the Obama, and his threats was a real turning point. Something different is going to happen and it is that difference that people want in their life They have had the constant routine of corruption for so long that they will have change regardless. In Britain, people work to live and get by and retire on a piece of land somewhere that is their ambitions.
In the U.S. they want to be rich and they want to be powerful. In Germany they want to control. But the British just want to "get on with life" they do not have the same ambitions that they have in the U.S. and most of Europe they have a similar attitude to the Japanese they want to get on. They are a nation of shopkeepers road diggers manual workers they do not care for the city of London it has no meaning to them. they do not look for wealth they just "want to get on."
They can be very nasty when pushed too far but they take a lot of provoking.
This sounds like 100+ (is that all? really) companies that really don't get Brexit. I'm guessing that they will get it soon enough in a sad way.
Zoid.com
another FUD campaign...
status as the only English speaking country in the EU after the UK leaves the trading bloc...
The Netherlands, Luxembourg, and basically half of Europe under the age of 30 would take issue with this statement. And I'll be damned if the Dutch aren't easier to understand than the Irish when speaking English ... or even when speaking Dutch.
you still haven an empire to trade with.. oh wait... you stil have China and Russia to trade with... oh wait, you still have india to trade with... oh wait didnt they say they want full access to the uk personwise?
Well there still is the USA.. oh wait...
If. Maybe. Perhaps.
None of it has happened. None of what was predicted to happen has happened. The triggering of the article to leave hasn't happened. The negotiations haven't happened. The ratification of the negotiations haven't happened...
Pointless.
Its very easy to sit in the cheap seats and parrot what this around you are saying. I guess you can feel smart and "with it" by doing so, but frankly its been wearing thin. So, I would love it if you take a moment and show off this maturity that you claim you have.
1. Trump provided position papers on immigration reform, the second amendment, supreme court nominations, veterans affairs, economics, and more. Each of these is detailed. I doubt that you read them. Perhaps take a moment to do so. Try coming to your own conclusions about where you agree and disagree before going to google to find what you are supposed to think. This is what a mature person would do.
2. When you search for similar content from the Clinton side, you will find it much more sparse and less detailed. Like many people, you probably just felt she was "right" on the issues since she was a self proclaimed liberal. Perhaps note that "right on the issues" has a chance to very from person to person. In fact, many of her campaign speeches were contradictory, as if she was pandering more than selling a vision. Do you think it is wise or mature to support a candidate who is fluid on issues? Try to find her policy papers and compare them with the Trump ones.
3. Mature people make decisions and evaluations based upon logic and fact. An immature person makes important decisions on emotion. In fact, an increasingly popular political strategy is to simply call names to make an argument instead of outlining a case. This is very effective because it almost impossible to defend against emotional contructs. For example, you can call anyone racist. Once the label sticks, it is hard to counter even if it is untrue. You seem to have a very negative view of Trump. Perhaps you should prepare a list and right out why. Then, if you are mature, cross of any comment that is emotional or name calling. You might find that you are the victim of mass media manipulation.
For example, a mature response could be "I dislike Trumps stand on illegal immigration. I believe open borders are a good thing. People, like ideas, should be able to flow freely. I see no major issues resulting from assimilating large numbers of people into a country's culture. Such ideas of nation are antiquated and not worth profiting."
An immature response would be "Trump is a racist."
See the difference? In the first case, people can have an honest discussion, trade ideas back and forth, and sharpen their understanding of the world. The racist comment leads to now growth. No ideas. No solutions. I would even argue that those who continually use such tactics have something to hide. You may want to see what it is.
"Liberalism is a very noble idea, currently controlled by some very bad people. Be sure you do not get the two confused.
And other hundreds are moving to France, others to Germany, Luxembourg, Belgium, the Netherlands ...
Bankers and car manufacturers don't come into British homes.
But the important thing is that the lower classes don't see anymore Polish plumbers, then they are content, no matter if the economy goes down the drain, the British plumber can't fix that.
Those who voted Remain have a vision of the big international banks in the City fleeing the nation, that is the image they were sold by Project Fear. The reality is that less than 10% of London City trading requires us to be in the EU. More than 90% of it is UK domestic and non-EU trade. EU passporting could be maintained merely by having a satellite office in Dublin with a couple of dozen staff.
In the meantime the Dutch bank ING is actually moving staff INTO the City from Belgium in case Brexit stops it being able to trade in the UK.
I only please one person per day. Today is not your day. Tomorrow isn't looking good either. - Scott Adams
So it's pointless to tax employees, since they'll only demand more pay or be unable to work there at that salary and leave.
But employees pay taxes for the army, police, fire brigade and legal system, all of which, if employers shouldn't be paying taxes for, should be unavailable to those employers. Nope, copyright doesn't exist for Disney, only their employees. Nope, trademark doesn't exist for Nike, only their employees. Nope, contracts are unenforcable by your employer, only employees, because the courts and justice system enforce them. Roads go only to homes, not employees. No protection against arson, fire or theft, for the business places, only the homes of employees. No access to MPs by representatives of businesses, only by constituents and other taxpaying employees, representing themselves. No international trade deals brokered, because MPs arrange it and courts enforce them, so unavailable to corporations and unusable by the employees.
10% of British banks maybe ...
All the European banks (BNPP, DB, SG, DB, ING ...) moved to London City based trading HQ during the 90s for tax reason because they could also free trade to EU from there.
Now they anticipate that within a 3 year, this "opportunity" will be gone. They've already prepared plans to withdraw from the city. You know that banks don't like incertainties, do you.
So earlier those bank moved their activities from Amsterdam, Brussel, Frankfurt or Paris to the City ... but thanks to brexit now they are on the go for a rellocation to some EU stable area.
As UK is moving to be a tax heaven, I anticipate that within a 5 year, UK will be on EU grey list that will only help to perform shadow banking activities but from which will not help to perform the core banking duties : thus, little money for UK's treasury & more money for the EU countries.
By the way, the rellocation of the EU financial&economic institutions in UK will be the first to kiss good buy. EBA will be the very first ...
I personally don't care of "project fear" or "rule britania". What I see is a stupid decision from an economic point of view for UK citizen, but a great decision for EU politics & economy on a middle term basis. Simply speaking, there has always been a gap between the continent and UK (think Yougoslavia, Irak War or even Syria ...). UK has prevented the creation of a EU international policy and of a unified intervention army to cool down hot spot that endanger our liberty. Now UK will have to solve their puzzle on their own : Beeing a US puppet, Divorce with Scotland, Tax haven or not, Royal Familly & al.
By the way, I do hope that in France the next president will tear appart the Touquet traitee and ask the UK gov to perform their duty. You want imigrants ? Go and handle them. I don't see why FR should take responsability of cleaning a neighbour's drain.
As a global consequence, I also anticipate that the idea of EU Federation will be put on the table and that there might be room for citizen acceptance after the current period of nationalism backdraft is gone.
From a bad thing always come good things.
Only one of them librul dummycrats could advocate something so socialist, right? http://www.econreview.com/events/wageprice1971b.htm
No one operating in the city of london wants to leave. Just like celebrities who promised to move to Canada.
I'm Irish and a big Trump supporter. As for the 100,000 financial sector jobs, they won't move to Ireland. Ireland doesn't want the financial sector jobs from the UK, as they're not the real economy and would just create a false economy and inflation with not enough benefits. The government even said as much.
"Yes we do. He'll choose the option that makes the most profit (for him)."
Nope, his company is America Inc. now. He'll choose the option that makes the most profit for America, or at least try. Don't be so damn negative on everything all the time.
Maybe Ireland will bail you out when your next enormous bet on the property market going up forever goes belly up. But I doubt it.
Remind me why there aren't thousands of bankers in prison?
On Parliament, the Government, and, hopefully, me.
Now we know where these traitors stand and where they will be.
Interesting to see traitorous activity be defended.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
A company I work with is considering moving their manufacturing to China. At the moment they build products in the UK, but if tariffs come in then they might just as well build them in China where the labour is cheaper and pay those tariffs.
So that company wants pliant labor that has no leverage.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
Not that I have much sympathy for them since they voted to cut their own throats. But Cornwall prosperous? Get a ******* clue.
Consider that the policies of the past 40 years might have given rise to what exists today.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
With their customers?
Nope, but nice try.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
the spotlight of ignorance shines brightly on all those that chose to remain in the EU.
FTFY.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
Migrants from the EU are statistically less likely to be criminals, less likely to be claiming state benefits, and likely to be paying a higher tax rate. Now, if you're in a low-skilled job then you might have a convincing argument that you've suffered disproportionately from freedom of movement driving down wages.
You've been under a rock for the last 40 years and must be quoting turn-of-the-20th-century claims. Replacement migration is a thing.
You hear of a major crime, it's likely not to be caused by a citizen. You hear of intimidation, it's likely to be caused by a non-citizen.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
Actually, in a tight labor market,
That hasn't really existed since the .com era.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
WTF is an article from the bloody Mirror, viz. tabloid junk, doing on Slashdot?
Sincerely,
Anonymous and Annoyed
London, UK
Just for you I'll explain.
Those financial firms (many of them US banks) cater to the EU rather than Britain. While Britain was in the EU it made sense to set up shop in London. Good place to live, they speak English over there, good timezone, good communications, adequate and halfway familiar legal environment, sufficient critical mass of a raft of supporting firms, relatively liberal trading rules (for Europe), their customers just a phone call or a 1-3 hour flight away, and zero complications doing business with anyone else in the EU. That's what the EU was designed for. Life was good.
Various other EU countries might have preferred the seat of all that financial service to be in their own country instead of London. Financial firms provide high quality jobs and have a high (taxable) turnover. Only they couldn't do shit about it. EU guarantees free exchange of services and the most influential players (US banks) happened to prefer London. Not in the last place because London and the UK really listened to industry demands (knowing full well what they stood to lose if they didn't). So London it was. End of story.
Enter Brexit.
Brexit means the UK leaves the EU and has to negotiate terms on which to continue trading. The most basic terms of free trade (WTO--level) ensure free movement of goods but NOT free movement of services. Which EU membership guarantees, only that's what Britain is ending. So Britain is very much the asking party here.
Anyone prepared to bet that other EU countries (like Ireland) will be eager to let Britain keep all that yummy taxable business? And those jobs? When they can simply negotiate away London-based firms' comfy access to the EU, grab the jobs and (part of) the revenue? Really?
Those financial firms sure aren't. The incoming US commerce secretary Wilbur Ross (see http://www.npr.org/sections/th... ) isn't (see http://www.mirror.co.uk/news/u... ). I wouldn't either.
People who bet that Britain will keep providing financial services to Europe surely aren't picking the best odds here.
If you wish to trade as a European company, you have to be INSIDE Europe.
UK is not going to be inside Europe, Ireland is.
The law is the law.
If they wan to trade in Europe from outside, they are welcome to, but pay tariffs.
Articles from the Mirror and the Guardian - both pro Remain, suggesting the end of days is coming?
Don't get me wrong - I'm a Leave voter who's aware there will be complications and financial issues ahead. But this is like citing the New York Times for their balanced views on Trump.
You cannot have one without the other. Ideally corporations and human beings are a symbiotic relationship and not a parasitic one.
“Common sense is not so common.” — Voltaire
Sure sounds like it. The remain crowd said the market would crash. The anti-Trump crowd also made numerous brain-dead predictions that have already been proved false.
It seems like people want to talk about trump more than this article, so this might be a little off topic.
What seems like the most interesting piece of this article is how a little country like Ireland is using the xenophobia of global leaders like the UK to it's own economic advantage through economic planning. Already Dublin is as big a tech hub as London, and there are areas of London where they talk about a Techexit to Ireland because of Brexit. Is it possible that in 10 year Dublin will be as important as London economically?
If the US under Trump goes down the same road as Brexit which countries will profit?
Televisions, computers and cellphones are pretty nice.
Modern technology usually requires significant capital that cannot be easily raised by a single person. Yet it tends to become quite straightforward with a legal construct such as a corporation or partnership. (same thing essentially, unless you're a lawyer then you charge different amounts for the filing paperwork)
I suppose we could operate everything as an organ of a national government, but I would argue that is probably a degenerated form of the same thing and still a corporation. We could informally agree to cooperate and not form a corporation to achieve shared interests, but that seems risky as everyone could operate independently on any common assets. If we make it formal, then we've formed some kind of corporation. While maybe it's not literally called a corporation because of definitions that differ in various jurisdiction or legal or tax advantages for using a similar but distinct legal instrument. But it still is a corporation in the general sense of the word. Examples include: limited liability company (US), limited company (UK), Gesellschaft mit beschränkter Haftung (DE, basically means limited company in German), and limited partnership (subtle differences that don't matter for this discussion).
Fun wikipedia quote: "Corporatist types of community and social interaction are common to many ideologies, including absolutism, capitalism, conservatism, fascism, liberalism, progressivism, reactionism" -- https://en.wikipedia.org/wiki/...
“Common sense is not so common.” — Voltaire
We now know where these traitors stand and where they will be.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.