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, we charted major improvement in the UK’s tax competitiveness and identified the benefits this brings to the UK economy. We 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.
KPMG’s Annual Survey of Tax Competitiveness 2015 is based on interviews conducted with 102 senior tax decision makers in the largest UK listed companies and foreign-owned subsidiaries and 65 companies from across India, China, Japan, Australia, Canada and the USA. These interviews were conducted between September and October 2015 by Gulland Padfield, the specialist consultancy.
The sample size of UK Companies and Foreign-owned Subsidiaries is similar to that of the 2014 study.
54% of the companies interviewed had a turnover of over £1bn. 16% of the companies interviewed were members of the FTSE 100, with another 32% in the FTSE 250.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.