The fund's fourth consultation underlines the enormous uncertainty facing Britain in the ambitious task of negotiating an exit from the eu. Labour minister John MacDonald (John McDonnell), said the international monetary fund, according to a report of a conservative government "good at cuts in public services, tax breaks for a few rich people, but no hope to invest in our country for the majority of people skills and infrastructure needed for the economic development". An offshore bank could be registered like a shareholder or an individual corporation. The typical objectives of offshore banks are to optimize payments, to further improve tax planning activities, and avoid excessive regulations of banking activities. They also try and provide 100% fund safety, increase the performance with the investment, and supply asset protection. As the center of global automotive engine research and development and production, Britain's powertrain design has always maintained the world's leading level, especially in engine design. In 2013, the UK produced 2.55 million engines, accounting for 30 per cent of total European engine production, with 62 per cent of the engines exported to more than 100 countries. On Wednesday, the U.S. house of representatives passed a revised republican tax reform bill. U.S. President Donald trump has called the tax reform a historic victory, and lower regulation would be good for the economy. The tax reform bill is the largest U.S. tax reform in three decades and the first comprehensive tax reform.