The UK remains one of the most competitive tax destinations according to over 100 of the largest British-based businesses participating in KPMG’s annual survey of tax competitiveness 2014. But Ireland has leapfrogged the UK to take the number one position this year.
In this year’s results, the UK has built on its 2013 absolute score in terms of the frequency with which respondents cite it as being in their top three most competitive tax regimes but it has slipped to second place overall. Luxembourg, the Netherlands, and Switzerland have all lost ground in the rankings. The survey is based on interviews conducted with 104 senior tax decision makers in the largest UK listed companies and foreign-owned subsidiaries in September/October 2014
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.