Comedy In the Telegraph
"
Brexit transition period could be extended by another year, costing UK billions in extra payments to EU
Tory Eurosceptics reacted with fury, saying the move would add up to £17 billion to the Brexit bill and could also cost the Conservatives the next election because none of the benefits of leaving the EU would have been felt by the time of the poll in 2022.
That's interesting: I wonder how many people still believe there will be any benefits? (apart from people with offshore Tax havens?)
Time the strength of these "Eurosceptics" was put to the test
This from the Guardian is what they are really concerned about when they speak of "Benefits"
"
The UK will officially leave the EU next March, but while negotiations on the final deal are ongoing, there will be a transition period until the end of December 2020
. During this time, Britain has promised to abide by all existing and new European laws.
The
fifth anti-money laundering directive contains the following measures:
- Public registers of company owners in every member state.
- Access to the names of the beneficiaries of trusts for law enforcement agencies and those with a “legitimate interest”, including investigative journalists and NGOs.
- A cross-border database of company and trust owners, overseen by the European commission.
- Automatic access to the names of bank account holders for national financial intelligence units.
“This is great news,” said Alex Cobham, the chief executive of the campaign group Tax Justice Network. “At least in this area the UK will not pursue a post-Brexit race to the bottom on financial secrecy. This decision will help establish the fifth directive and its position on public registers as the international standard.”
There is as usual a way round this if the Eurosceptics can win their way
"
The directive applies only to member states, rather than their satellites. U
K affiliated offshore financial centres will be left to decide whether to adopt some or all of the measures. The overseas territories, which include the British Virgin Islands and Bermuda, and the crown dependencies of Jersey, Guernsey and the Isle of Man still allow companies and trusts registered on their shores to operate in comparative secrecy.
In the case of a no-deal Brexit, it is unclear whether the government would still implement new EU laws, such as the fifth anti-money laundering directive. However, the UK is likely to stick closely to EU policy on anti-money laundering if it wants continued access to European markets.
No wonder Jackass and co want a no deal Brexit! this could seriously cost them, to find a new untaxable home for their money!
You can be sure that the midnight oil is being burned by an army of lobbyists and dodgy accountants on that right now that makes the DEXEU effort look tame.