Undercut by tax havens

[BrilloPad]

Brexit: JPMorgan agrees to buy new Dublin office for 1,000 staff | The Independent

When will the UK cut CT to compete?

[AtW]

Even if CT is 0% in this country then why would it hold banks who need access to EU?

Banks don't pay CT anyway.

[Pip in a Poke]

Overpowered by funk. Don't you love our western ways

[DimPrawn]

For any bank that wants to handle Sterling transactions, a huge tariff should be imposed for any bank outside the UK.

[AtW]

Who would want to handle Sterling transactions outside of UK?

[DimPrawn]

Who would want to handle Sterling transactions outside of UK?

Why were we processing Euro transactions when we aren't a Euro country?

[sasguru]

Why were we processing Euro transactions when we aren't a Euro country?

I knew you were stupid, but I didn't realise you were that stupid.

[TestMangler]

Why were we processing Euro transactions when we aren't a Euro country?

Holy fock man. You've actually got to be joking, surely ??

[sasguru]

Holy fock man. You've actually got to be joking, surely ??

Nope. He actually believes that processing Euro and Sterling would be equivalently profitable post Brexit

[DimPrawn]

Then it is reasonable to expect that banks in the EU will want to process Sterling transactions. Which they can do, at 1000% tariff.