Value added survey says UK tax burden on wealth creators is higher.
Accountancy Age, 09 Jun 2008
Large British companies pay more tax on the wealth they create than their international counterparts.
An annual value-added scoreboard shows that the 185 top-wealth creating companies in the UK pay 12% of the added value they create in tax, the FT reports.
The German companies paid 6%, the report said, while French and Swiss companies paid 8%.
The figures are set to further fuel the debate on corporate taxation. While the UK has a lower rate than many other large industrial countries, the corporate tax burden as a share of national income is higher in the UK than elsewhere.
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