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Old 08-12-2016, 09:55   #3088
1andrew1
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Re: Post-Brexit Thread

Quote:
Originally Posted by Damien View Post
When we buy items or services from America how is that treated? Obviously if I buy a subscription to dropbox I guess that's considered a transaction that took place in the US so how do they govern the rest of it?
I think it's now considered a purchase in the country of the purchase, at least for VAT purposes. And some of the US companies like Airbnb and LinkedIn now operate through European subsidiaries.

---------- Post added at 09:54 ---------- Previous post was at 09:53 ----------

Quote:
Originally Posted by Chris View Post
The only potential problem is that either desirable outcome of the two year period (deal or extension) requires unanimous agreement. If the assembly of the walloons or whatever they are decide to dig their heels in, then no deal is possible and equally no agreement to extend negotiations is possible either. In those circumstances the U.K. automatically leaves the EU after the two years with no treaty governing its future relationship with the bloc. Trade in and out of the bloc is organised by default on WTO rules and tariffs.

Having said that, many don't see that as a major problem...
Many Conservative politicians may not but most businesses do.

---------- Post added at 09:55 ---------- Previous post was at 09:54 ----------

Quote:
Originally Posted by Gavin78 View Post
I think once we start the process of article 50 come the end of the 2 years I think it would be extended if nothing is final. lets face it it's in the best interests for everyone to get it right as it could bring the EU crashing down if its all done wrong
I agree. Although I doubt it would bring the EU crashing down, it wouldn't do it any favours either.
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