imported>Doug Williamson |
imported>Doug Williamson |
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| The term 'Brexodus' is a combination of '''BR'''itain and '''exodus'''.
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| It refers to the movement of businesses and individuals out of the UK that is considered to be a result of Brexit.
| | The term 'repatriated' refers to the return of profits, cash, or other valuable assets to the jurisdiction of origin or control. |
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| | For example, repatriated profits are generally ones which have been transferred to the country of the beneficial owner of the business. |
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| :<span style="color:#4B0082">'''''Brexit: finance firm relocations mount up'''''</span>
| | Repatriated profits may be subject to additional tax when they are repatriated, subject to any relevant tax relief. |
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| :"Some 275 firms in the finance sector have either pulled, or are preparing to pull, business worth £900bn out of the UK because of Brexit, according to a March [2019] report from New Financial.
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| :Entitled ''The New Financial Brexitometer'', the report notes, 'Brexit effectively happened some time last year'.
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| :New Financial MD William Wright says: 'The top line figure almost certainly understates the extent of the Brexodus.
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| :We are only looking at companies that have said publicly what they are doing or have set up a new entity in the past 18 months.
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| :This is phase one.'"
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| :''The Treasurer magazine, Cash Management Edition April 2019, p6.''
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| == See also == | | == See also == |
| * [[Article 50]] | | * [[Control]] |
| * [[Brexit]] | | * [[Double taxation relief]] |
| * [[Brexit Day]] | | * [[Jurisdiction]] |
| * [[Cliff edge]] | | * [[Withholding tax]] |
| * [[Department for Business and Trade]] (DBT)
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| * [[Department for Exiting the European Union]]
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| * [[Equivalence]]
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| * [[European Economic Area]]
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| * [[European Free Trade Association]]
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| * [[European Union]]
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| * [[European Union (Withdrawal Agreement) Act 2020]]
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| * [[Frexit]]
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| * [[Grexit]]
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| * [[Hard Brexit]]
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| * [[Make UK]]
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| * [[MD]]
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| * [[New Financial]]
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| * [[No Brexit]]
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| * [[No Deal]]
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| * [[Offshore]]
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| * [[Parliamentary supremacy]]
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| * [[Schengen Area]]
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| * [[Sovereignty]]
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| * [[United Kingdom]]
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| ==External link==
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| *[https://newfinancial.org/the-impact-of-brexit-on-the-city/ New Financial: The impact of Brexit on the City so far]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Accounting,_tax_and_regulation]] |
| [[Category:The_business_context]] | | [[Category:The_business_context]] |
| [[Category:Financial_products_and_markets]]
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Tax
The term 'repatriated' refers to the return of profits, cash, or other valuable assets to the jurisdiction of origin or control.
For example, repatriated profits are generally ones which have been transferred to the country of the beneficial owner of the business.
Repatriated profits may be subject to additional tax when they are repatriated, subject to any relevant tax relief.
See also
