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Comment by mcrae | Hacker News Reader

Uh really? Check any list of the world's tax havens, and you will see the British Virgin Islands, the Cayman Islands, the Isle of Man, and Bermuda. The City of London has been a conduit through which wealth has been pilfered to these territories for a long time. They may shout from the rooftops about others' improprieties, but I seriously doubt their commitment to meaningfully overhaul their own house.

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I think it was a comment about the UK no longer being a member of the EU soon (we shall see).

In fact rumor has it that a major reason for the Brexit campaign was that there was a threat of very costly corporate tax loopholes being closed in new EU wide legislation.

That rumour isn't accurate. The origins of the Brexit campaign are well documented and understood, tax doesn't feature in it. It came out of the rise of UKIP who campaigned primarily on immigration and sovereignty, with the two being intertwined because, immigration was said to be high due to the EU forbidding any controls on intra-EU migration. That rise combined with long term Tory euroscepticism pushed Cameron to promise a referendum to win over UKIP voters, a promise he made good on, and then the Remain campaign lost.

When I looked at this there was a very narrow set of new rules that would need to be introduced into UK law (I found a paper on the EU website, however https://fullfact.org/online/brexit-not-concealing-offshore-a... matches up with my memory).

Primarily the new rules are based on the existing UK rules and I'm guessing whatever legal changes were required are still going through.

Which makes little sense since the country had veto, and now they wont?

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