Britain comes in 12th out of 22 countries, behind Ireland, Cyprus and Switzerland
Accountancy Age, 17 Dec 2007
KPMG has put the UK at the bottom half of a league table of the most attractive European countries to do business in.
The UK, criticised by business for complicated and burdensome tax regime, came 12th out of 22 countries, overtaken by Ireland, Cyprus and Switzerland who came tops for their combination of easy to understand rules, low tax rates and stable fiscal laws.
The survey was conducted by the firm among 400 businesses, who found that the UK's volume of tax legislation is too high, with rules which are too difficult to interpret, the Guardian reported.
Nearly 70% of the businesses surveyed felt that unattractive tax regimes disadvantaged their businesses.
Further reading:
How to make better financial decisions - Free FD Handbook
When reviewing your business and accounting software, this free two- part guide explains all you need to know.
The Future of the Financial Close: Automating Account Reconciliations and Review
Many firms have made account reconciliation automation the focus of their drive. This paper describes why.
More white papers
Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.
Comments
Have your say on this article