The economic damage of a brexit would be much worse than predicted in most mainstream studies before.
International tax competition has been an emerging issue for years. There are various political approaches to agree on common standards on a supranational level. In 2013, the OECD presented a first draft of its action plan against Base Erosion and Profit Shifting (BEPS), which has been eventually finalized.
Even after two years of Brexit negotiations no deal between the EU and the UK has been settled. Today, the negotiation’s outcome seems as unpredictable as ever. This paper analyses twitter content as a proxy for the political and public debate with respect to Brexit.
EU Member States used the economic upturn of recent years to implement reforms to a different extent. The Eurozone countries focused on demand-sided measures, whereas the Visegrád countries mostly chose supply-sided reforms. Within both of these groups a great deal of heterogeneity can be observed regarding the implementation of structural reforms aimed at increasing their long-term growth potential.