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City of London plays tax card in bid to retain EU market access after Brexit

( November 27, 2017, 00:01 GMT | Official Statement) -- MLex Summary: A failure to stop a Brexit exodus of financial companies from London would open a hole in UK public finances, the City of London Corporation has warned as it lobbied the government to negotiate a Brexit deal that preserves access to EU markets and a smooth transition for the sector. Banks, insurers and other financial companies accounted for about 72 billion pounds of taxes paid last year, or 11 percent of government revenues, the governing body added in a report.The statement follows....

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