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Not true because if your offices are based in the UK you cannott ''deem the income/sales to be arising'' anywhere other than in the UK. Thus it has to be taxed in the UK

Billions of overseas wealth is invested in Morgan Stanley and many other banks. if that money doesn't fllow the UK any more we cannot tax it which means billions lost in taxes. The jobs lost is bad enough but the money lost to the UK in other areas if they move over the next 20 years we need to...