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Tax Journal report: views from business on tax policies and priorities for the government

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Executive summary
75 in-house tax directors and heads of tax from large companies took part in a recent survey on the coalition government’s tax policies and priorities for the new government.
Key findings are:
  • Tax competitiveness: There is overwhelming agreement (92% of respondents) that the coalition has been successful in delivering ‘the most competitive corporate tax regime in the G20 while protecting manufacturing industries’.
  • Interest deductions: 96% say the current tax treatment of interest deduction is very important or important to UK tax competitiveness.
  • Diverted profits tax: 71% say that the UK’s new diverted profits tax introduced last month has undermined UK competitiveness.
  • Infrastructure: 61% say the tax system does not adequately support infrastructure investment.
  • Enforcement and compliance: 73% say...

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