UK in bottom half of best tax regime table
Britain comes in 12th out of 22 countries, behind Ireland, Cyprus and Switzerland
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:
Tax the biggest concern for SMEs
UK tax regime keeping funds offshore
FTSE 100 could suffer VAT share issue hit