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27 Jan 2009
The number of companies thinking of shifting their tax base away from the UK has more than doubled since 2007, KPMG’s annual survey of tax competitiveness has found.
Fourteen per cent of Britain’s 50 largest businesses were actively considering moving their tax residence in 2008. One company had already made the shift.
The survey was carried out moments before the pre-budget report at the end of November 2008, which announced exemptions on foreign-earned dividends from UK tax.
The UK is at a tipping point, and is in danger of losing investment and jobs because of its tax laws, Sue Bonney, head of tax at KPMG Europe said.
“If the trickle of companies leaving is to be prevented from becoming a flood, further action is needed, and quickly.”
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Briefings
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Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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