John Lambies Doos Posted December 26, 2020 Author Share Posted December 26, 2020 BollocksStrong contribution.I'm wondering wether your rebuttal to a sensible post has anything to do with the name of poster. 1 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted December 26, 2020 Share Posted December 26, 2020 1 minute ago, bendan said: You just said there were tariffs. I had thought that you, in fact, might know. You thought wrong. 0 Quote Link to comment Share on other sites More sharing options...
John Lambies Doos Posted December 26, 2020 Author Share Posted December 26, 2020 It'll be interesting to see what happens to London without a deal on financial services. To say the least.80% of GDP 0 Quote Link to comment Share on other sites More sharing options...
bendan Posted December 26, 2020 Share Posted December 26, 2020 1 minute ago, Baxter Parp said: You thought wrong. So when you said there were tariffs, you had no idea whether, in fact, there were actually tariffs. Thanks for clarifying. 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted December 26, 2020 Share Posted December 26, 2020 3 minutes ago, John Lambies Doos said: Strong contribution. I'm wondering wether your rebuttal to a sensible post has anything to do with the name of poster. More bollocks... 1 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted December 26, 2020 Share Posted December 26, 2020 1 minute ago, Ross. said: If you are a broker you simply register companies in more than once jurisdiction and route trades via the relevant company at the time of trade. There will be additional costs involved but probably just end up seeing the majors squeeze out the small fry as they have that in place already and don’t really need to worry about the extra cost involved in setting up and operating that way. Why would EU corporations deal with any UK providers if they can get the same service from Frankfurt or Dublin cheaper? 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted December 26, 2020 Share Posted December 26, 2020 Just now, bendan said: So when you said there were tariffs, you had no idea whether, in fact, there were actually tariffs. Thanks for clarifying. No, there are definitely tariffs, I just don't know what they are, offhand. I didn't know you wanted to pretend there are no consequences of Brexit, though. That's a new one. 0 Quote Link to comment Share on other sites More sharing options...
bendan Posted December 26, 2020 Share Posted December 26, 2020 1 minute ago, Baxter Parp said: No, there are definitely tariffs, I just don't know what they are, offhand. I didn't know you wanted to pretend there are no consequences of Brexit, though. That's a new one. There are lots of real consequences of Brexit - I've no need to invent any. As Ross has said, many organisations have set up offices in the EU to deal with the change. I'm not sure why you think they haven't prepared for this and will now be scrambling to react to something they knew was going to happen. 1 Quote Link to comment Share on other sites More sharing options...
strichener Posted December 26, 2020 Share Posted December 26, 2020 46 minutes ago, Baxter Parp said: You won't pay CG here if you're investing in the RoI instead of London. Capital gains is based on where you are resident for tax purposes, not where you invest money. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted December 26, 2020 Share Posted December 26, 2020 16 minutes ago, bendan said: There are lots of real consequences of Brexit - I've no need to invent any. As Ross has said, many organisations have set up offices in the EU to deal with the change. I'm not sure why you think they haven't prepared for this and will now be scrambling to react to something they knew was going to happen. If they've set up corporate offices in the EU, the UK will see none of the benefit, dolt. That's what financial flight means - money is leaving the UK because it's better off in the EU. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted December 26, 2020 Share Posted December 26, 2020 4 minutes ago, strichener said: Capital gains is based on where you are resident for tax purposes, not where you invest money. Unless you're non-domiciled in the first place. 0 Quote Link to comment Share on other sites More sharing options...
bendan Posted December 26, 2020 Share Posted December 26, 2020 4 minutes ago, Baxter Parp said: If they've set up corporate offices in the EU, the UK will see none of the benefit, dolt. That's what financial flight means - money is leaving the UK because it's better off in the EU. I think a summary of what Ross and Mixu have posted would be that some money/jobs have already left the UK because they had to for regulatory reasons. You seem to be expecting a huge, yet-to-happen movement to take place. I'm not sure you are right. London might become even more attractive to dodgy money now it is outwith EU auspices. 2 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted December 26, 2020 Share Posted December 26, 2020 1 minute ago, bendan said: I think a summary of what Ross and Mixu have posted would be that some money/jobs have already left the UK because they had to for regulatory reasons. You seem to be expecting a huge, yet-to-happen movement to take place. I'm not sure you are right. London might become even more attractive to dodgy money now it is outwith EU auspices. f**k sake, you're looking forward to the UK becoming a money-laundering tax haven? You're a bit late, mate. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted December 26, 2020 Share Posted December 26, 2020 34 minutes ago, Baxter Parp said: Why would EU corporations deal with any UK providers if they can get the same service from Frankfurt or Dublin cheaper? There are some services that you pretty much can’t get outside the UK, that are essential for anyone who deals in anything related to the UK markets. The registrars and market makers being the first two that spring to mind. Clearing departments, corporate actions processing, dividends processing, all that stuff can move, and a lot of it already has, but all of them still have to deal with the registrars and market makers, who show no signs whatsoever of changing anything. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted December 26, 2020 Share Posted December 26, 2020 1 minute ago, Ross. said: There are some services that you pretty much can’t get outside the UK, that are essential for anyone who deals in anything related to the UK markets. The registrars and market makers being the first two that spring to mind. Clearing departments, corporate actions processing, dividends processing, all that stuff can move, and a lot of it already has, but all of them still have to deal with the registrars and market makers, who show no signs whatsoever of changing anything. How will the lack of a trade deal or financial passporting with the EU change that? 0 Quote Link to comment Share on other sites More sharing options...
bendan Posted December 26, 2020 Share Posted December 26, 2020 2 minutes ago, Baxter Parp said: f**k sake, you're looking forward to the UK becoming a money-laundering tax haven? You're a bit late, mate. No, I'm saying: Quote London might become even more attractive to dodgy money now it is outwith EU auspices. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted December 26, 2020 Share Posted December 26, 2020 Just now, bendan said: No, I'm saying: There's a ton of dodgy money here already. Hence Brexit. https://www.theguardian.com/commentisfree/2020/sep/10/uk-corrupt-nation-earth-brexit-money-laundering 1 Quote Link to comment Share on other sites More sharing options...
Ross. Posted December 26, 2020 Share Posted December 26, 2020 4 minutes ago, Baxter Parp said: How will the lack of a trade deal or financial passporting with the EU change that? It won’t change it. The people who have had to move have mostly been moved. Everything else will be dealt with via internal arrangements which will undoubtedly see companies skim a small portion to cover the costs, that would otherwise have went to clients. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted December 26, 2020 Share Posted December 26, 2020 Just now, Ross. said: It won’t change it. The people who have had to move have mostly been moved. Everything else will be dealt with via internal arrangements which will undoubtedly see companies skim a small portion to cover the costs, that would otherwise have went to clients. Uh-huh and what evidence are you basing this conclusion on? 0 Quote Link to comment Share on other sites More sharing options...
bendan Posted December 26, 2020 Share Posted December 26, 2020 5 minutes ago, Baxter Parp said: There's a ton of dodgy money here already. Hence Brexit. https://www.theguardian.com/commentisfree/2020/sep/10/uk-corrupt-nation-earth-brexit-money-laundering Yes, I agree. That's why I said: Quote London might become even more attractive to dodgy money now it is outwith EU auspices. 1 Quote Link to comment Share on other sites More sharing options...
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