BREXIT QUESTION POSES MAJOR POLICY FINANCIAL REPORTING POLICY CHALLENGES

AS accountants, auditors and their business clients consider whether the UK should remain in or leave the European Union (EU) in the upcoming referendum on British EU membership, it has become abundantly clear that there are no simple options. Remaining in the EU will mean the UK will continue to face demands for accepting European taxation policies that its government and businesses may find unpalatable, especially as it seeks to cement the City of London’s place as Europe’s, if not the world’s, premier financial centre. But quitting the EU would force ...


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