Maybe better to link to the free: <a href="http://www.bbc.com/news/business-36699642" rel="nofollow">http://www.bbc.com/news/business-36699642</a>
This is going to be similar to the Kansas Experiment but a scaled up version.<p>Can Britain really afford to cut taxes ? It has already cut services to the bone, while running a large twin deficit.<p>Ireland can afford lower tax rates because its such a small country - Dublin is nothing like London and can survive on low investment, and Ireland does not have complex public health service like the NHS.<p>Also lower rates really doesn't mean anything if you are unable to access customers. What Brexit represents is a demand shock to British business, a kind of deflation that has caused the collapse of society in the past.<p>A market of 55 million people is too small for doing any serious 21st Century type globalized business.
The kind of businesses that they're worried might flee are the large corporations that evade almost all taxation anyway. To announce something like this right now is as foolish as Theresa May refusing to guarantee the status of non-British EU nationals currently living in the UK.<p>I am ashamed of this country and am applying for Polish citizenship as soon as possible.
<p><pre><code> > would be seen as in effect the start of Brexit
> negotiations
</code></pre>
No, as much as I was pro-Remain, and as much as I have sympathy for their perspective, the start of Brexit negotiations was this:<p><pre><code> > "No informal EU talks before Britain invokes Article
> 50, says Germany"[0]
</code></pre>
[0] <a href="http://www.reuters.com/article/us-britain-eu-germany-idUSKCN0ZD132" rel="nofollow">http://www.reuters.com/article/us-britain-eu-germany-idUSKCN...</a>
Announcing that prior to negotiation is on par to Farage insulting his peers or having the Leave team back-stab each other, or lying furiously throughout the campaign: UK’s main commercial and HR assets are tied to its relationship with the Europe Union. Sabotaging that ahead of negotiation sounds incredibly misinformed.<p>The key player in those talks, Germany, openly wants the crown jewels: the banking sector; Chancellor Merkel has already started playing hardball to get it. How is looking less prepared going to help?
15% is quite low. it brings them to tax-haven territory. That will show the corporate elites running the EU! /s<p>But don't forget there are countries with lower taxation in the EU (10% in bulgaria). UK can do better!
So the fight has started! Interesting to see how Ireland is going to react. And then what effect will this have on the negotiations?<p>On second thought - this is probably not a fight. This is probably not even a plan. This is the result of not having any plans, no vision, except for letting the market dictate what to do. Do they want a healthy relation with the EU? I guess not!
I'd like to remind everyone that in the USA corporate tax is a humongous 35% rederal, plus state.<p>The point being that there's other ways to attract business that are more effective at growing revenue than cutting tax.
They should lower the tax rate for corporations to 0%. Because if corporations don't pay taxes politics doesn't need to care about them so much.<p>"He who doesn't pay the piper doesn't call the tune."