Britain is generally depicted as 'Mr (or Madam) No' in Europe because, on a wide range of issues, the...
Britain is generally depicted as 'Mr (or Madam) No' in Europe because, on a wide range of issues, the UK is often out of step with the consensus. But for many policymakers on mainland Europe, this is a convenient arrangement. The British don't seem to mind being unpopular and their opposition provides useful cover for others who also have doubts but for a variety of reasons cannot or will not voice them. So it is with the withholding tax directive, which is now entering its fourth year of wrangling without any sign of a solution in sight. Here is a critical dispute that pitches the markets ...
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