KPMG claims that UK is one of the most attractictive place to do business from a tax perspective 

KPMG: The Home for Business? Assessing the Competitiveness of the UK

Thought leadership publication based on market research among tax decision makers in 167 UK and non UK companies.

In this year’s study, Ireland retains its place as the most attractive tax regime in 2015 compared to other European countries generally held to have business-friendly tax systems, but the UK has closed the gap considerably this year and is now seen as much more competitive than its European peers generally viewed as having attractive tax regimes.

It is ten years since KPMG first examined the competitiveness of the UK tax regime versus its international peers from the perspective of the UK’s largest companies.

In the annual studies completed by KPMG over the following decade, KPMG charted major improvement in the UK’s tax competitiveness and identified the benefits this brings to the UK economy. KPMG also investigated, for the first time this year, the UK’s ability to attract foreign direct investment (FDI) from a tax perspective versus its international peers. The study also includes a closer look at the Financial Services and Manufacturing sectors.

Key findings include:

• UK remains as one of the most attractive destinations for business from a tax perspective closing the gap on Ireland
• UK companies place more importance on the simplicity, stability and predictability of a tax regime than on headline rates
• Businesses are broadly supportive of tax transparency and the OECD’s base erosion and profit shifting (BEPS) initiative.
• UK is viewed as an attractive destination for inbound investment with political and macro-economic stability as particularly appealing features

 

 

Source: KPMG

 

 

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