Quote:
Originally Posted by Paul Markham
The fact is there's nothing to stop more jobs and wealth leaving the West. No Golden Goose, no eggs.
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That's right but the point is that whatever is left, you should try to encourage to stay not the opposite.
Look at what happened with HSBC over tax issues. They threatened to leave the UK for Hong Kong over the last two years - finally, when push came to shove and they were ready to go, the government caved in with some big concessions. Surprise surprise, HSBC has now decided to keep its UK domicile.
If you attack the entity, they just jump off the ship, its easy enough to do. So, inspite of all this media storm and posturing, don't be under any illusion about who's in charge.