Influence of Brexit on Economy and Revenue

DOI

10.2991/metss-16.2016.121How to use a DOI?

Keywords

Brexit, economy, revenue

Abstract

Brexit has given rise to the sharp reaction in the financial market, substantial depreciation of the pounds, and the lowering of the British sovereign credit by the major global credit rating agencies. Aiming at the "Black Swan Event" of Brexit, this paper applies comparative analysis, induction, and deduction to comprehensively analyze the latest status inside British, EU's attitude towards the British, and current economic situation. It discusses the influence of different positioning on the European Union relationship on the British economy and revenue. This paper holds that, the Brexit will make British achieve more independent finance and tax sovereignty, the British revenue policy will not be restrained by the law of the European Union, the adjustment of the domestic policies will have greater flexibility in future, meanwhile, it will have different impact on the foreign-related taxation policies of Britain.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhaozhang Shen
AU  - Yijun Bai
PY  - 2016/11
DA  - 2016/11
TI  - Influence of Brexit on Economy and Revenue
BT  - Proceedings of the 2016 3rd International Conference on Management, Education Technology and Sports Science (METSS 2016)
PB  - Atlantis Press
SP  - 592
EP  - 595
SN  - 2352-5428
UR  - https://doi.org/10.2991/metss-16.2016.121
DO  - 10.2991/metss-16.2016.121
ID  - Shen2016/11
ER  -