Last week the European Commission published its work programme for 2017
“Delivering a Europe that protects, empowers and defends” SWD(2016) 400.
The Commission lists the UK Brexit referendum as an “uncertainty” and then goes on to refer to it as a “challenge” and/or a “threat” :-
” Europeans know and see in their daily lives the consequences of the challenges that remain with us. A still-nascent economic recovery, which has yet to deliver benefits for all in our societies, especially when it comes to creating jobs for the young and reducing inequality. Migration flows, which have tested our external borders and remain a challenge for the capacity of the Union to deliver solidarity. A heightened terrorist threat. Ongoing instability in our eastern and southern neighbourhood. To which we now have to add the uncertainty as a result of the UK referendum
Listening to Europeans, we have understood that they look for a response to these challenges and protection from these threats.”
On tax there is a hope for taxation in places where companies really make their profits :-
“A sound tax environment must be simple and efficient for companies operating across borders whilst ensuring that these companies are fairly and effectively contributing to taxes in the places where they actually make their profits.”
Tax Barrister, Accountant