In June 2016, the United Kingdom (U.K.) voted to end its 43-year membership in the European Union (E.U). Tax practitioners are receiving many questions from clients concerning the tax and financial implications of this historical decision. Below are answers to common questions concerning the event. Use these as talking points to address client concerns.
What is Brexit and what should I tell my clients about it?
Brexit is an abbreviation of “British exit.” On June 23, 2016, the people of