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The UK has to play the hand it has been given. As an economy, it is between 10 and 15 times smaller than the US and is therefore unable to apply any pressure on Switzerland, or about anyone else on these matters. Like it or not, the UK’s only negotiating option to do deals with Switzerland and others is to go for pragmatic solutions.
That’s what the EU is for Darren
Lest you forget
And like it or not – 25 out of 27 will act sometime
Richard,
This is the same EU whose rules:
– allow Vodafone to establish a substantial presence in Luxembourg, thereby allegedly (according to you) avoiding over £3 billion in tax;
– allow Google, Microsoft, Amazon and Apple (and others) to incorporate in Ireland, do a “double-sanwdwich” with the Netherlands, and (again according to you) avoid a few £ billions in UK tax;
– prevent the Bank of England from lending directly to the Treasury, and force it conduct monetary policy through open market transactions thereby, according to you, inflating banks’ profits and bankers’ compensation.
The EU is really great, isn’t it?
That is why it is doing the CCCTB, over opposition
I see you now agree that the EU as a group of 27 has essentially become irrelevant in this process. I fully agree with you: the EU has been marginalised, and negotiations are taking place entirely at the national level, on a bilateral basis.
Of the 25, at least 10 (UK, Germany, Austria, Italy, Belgium, Greece, Spain, Netherlands, Sweden, Cyprus) have either closed their Rubik, are in advanced stages of negotiating it, or have indicated a strong interest in starting negotiations.
The only countries that seem genuinely disinterested are the the Eastern European expansion nations (whose residents have negligible deposits in Switzerland, but enormous Swiss Franc-denominated mortgages), and France. The latter is going through a very delicate re-negotiation of its DTA with Switzerland, which will keep it busy for some considerable time.
Switzerland has not much to fear from that bunch.
Bet the house on the EU at your own perils.
Oh how wrong you are: the 25 agree
The only thing they seem to agree on is that they should try to get their own Rubik agreement signed before Switzerland loses interest and closes the window of opportunity.
Your last comment : you are wasting everyone’s time