Reducing corporate tax burden as vital as ever
The government's drive to clamp down on tax avoidance is having little effect on the priorities of top tax directors, a new study shows.
An emphatic 86% of senior tax directors still consider minimising the corporate tax burden vital to their job, according to research by PricewaterhouseCoopers.
In fact of those polled at the PwC 2004 EU tax conference in Barcelona, 61% said that finding ways to give business an edge through tax planning is more important than ever.
David Prosser, tax partner at PwC, said: ‘Many tax authorities are under increasing pressure to raise mor tax from the corporate sector. As a result, the role of the tax director in managing the tax burden of a complex group will become even more important in the future.’