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Campaigners Plan UK Suit over "Single Market" Exit
December 19, 2016
Reuters reports that a group of campaigners has announced plans to sue the British Government to deter it from leaving the European Economic Area (EEA), which contains the EU's so-called "single market," as part of its Brexit plans, arguing that the notification required to depart the EEA is separate from that required to leave the EU.
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UK Secretary Predicts Tax Cut Response to Punitive Brexit
December 19, 2016
The Telegraph reports that, in a meeting with London business leaders, UK Secretary of State for Exiting the EU David Davis asserted that Britain would respond to any attempt by EU members to punish the UK over Brexit by cutting corporate taxes and deregulating the economy to make the UK more attractive to businesses operating in Europe.
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EU Agrees on Visa Deal for Ukraine, Georgia
December 19, 2016
The Independent reports that the European Parliament and the Council of the EU have reached an agreement through which approximately 50 million nationals of the Republic of Georgia and Ukraine will be able to enter the EU without applying for visas, while permitting a mechanism for suspending visa waivers in times of emergency.
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UK Banks Seek Five-Year Post-Brexit Transition
December 16, 2016
Reuters reports that a set of UK banks are lobbying the country's government to strike a deal with EU negotiators providing that financial institutions would be subject to EU laws and to the jurisdiction of the Court of Justice of the EU for up to five years following Britain's exit from the bloc.
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McDonald's Moves EU Tax Base to UK
December 16, 2016
The BBC reports that fast food giant McDonald's, whose operations in Luxembourg are under investigation by the European Commission for alleged special tax deals with the country's government, has decided to move its non-US tax base to a holding company based in the UK.
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