Quote:
Originally Posted by Chris
I suspect I understand it rather better than you do. 
They need a presence within the EU, they don’t need to move their entire operation. The fact is, London is the world centre of the money markets and the case for retaining most operations in the City is overwhelming. Most institutions that have judged they need to have a presence within the EU post-Brexit have already opened satellite offices in Frankfurt or Paris. As a result, a few hundred jobs have shifted out of London, while at the same time general growth and expansion has added more new jobs than have been lost.
Ireland has had success in the past in attracting major corporations like Apple, but they did so using tax incentives that have since been ruled illegal. Without rigging their tax system, they have the language and the time zone in their favour, while against them is the fact that it’s Ireland. If you don’t understand what a disincentive that is, there’s little point trying to elaborate ... |
I've not intended to suggest them moving their entire operations to Ireland. They will set up separate companies there to sell into the EU and the regulators will require compliance functions to be based there alongside the traders.