Brexit and Taxing

Great Britain’s Chancellor of the Exchequer Philip Hammond has committed to the EU that, if he has anything to do with it, the Brits will remain, post-Brexit, a “socially responsible” nation with a taxing régime that will match the EU’s taxing régime.  In other words, he’ll do his best to prevent Great Britain from attracting business by being a business-friendly, tax competitive nation.  Like Ireland is, with its 15% tax rate.

The Wall Street Journal has characterized Hammond’s commitment to economic disarmament “a mistake for the ages.”  I think the WSJ is mistaken.

Philip Hammond was, and is, a Remainer. His actions here sound like active sabotage to this poor, dumb Colonial.

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