Today’s post reacts to the news that President Trump is seeking to ‘ cut corporate tax to 15% ’ from the current rate of 35%. The proposal, which was announced this week, represents what White House officials are labelling as the ‘ largest tax reform in US history ’ and which has its basis in the (supposed) aim of repatriating taxes on money that major US companies like Apple, Google, and Microsoft generate abroad. For this post the focus will be on the larger picture; specifically, the focus will be on the connection between this story and the fears that Brexit will promote the idea that Britain will set itself up as a tax-haven if it is shut out of the single market. The two developments, potentially, point to a much larger issue that has been mentioned time and time again here in Financial Regulation Matters – the escalation in divisiveness within modern politics is playing right into the hands of big business. The plans to cut the US Corporate Tax rate by a massive 20% have...