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Chequers plan for economic cooperation will not work, EU warns

The United Kingdom’s proposal for future economic cooperation will not work, and an EU summit in October will be a “moment of truth” for the Brexit talks, European Council President Donald Tusk said.

Prime Minister Theresa May announced September 20, following what she called a frank bilateral meeting with Tusk, that the U.K. government will bring forward new proposals to resolve the impasse over the land border between Ireland and Northern Ireland. But she maintained that the Chequers proposal for a free trade area is the only credible proposition for achieving frictionless trade. Read more:

My news story for Worldwide Tax Daily, published by Tax Notes on September 21 (paywall). The story was also published in the September 24 edition of Tax Notes International.

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