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Views from large businesses on tax strategy

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A recent survey assessed views of large businesses on tax strategies. Nearly two-thirds of respondents said tax was discussed more often at Board meetings than five years ago. 72% now have a Board approved strategy in place. In terms of tax priorities for the business, reputational issues were of most concern, with managing the tax charge or effective tax rate a close second. There were mixed views on HMRC’s proposed new code of practice, and businesses seem somewhat lukewarm in their response to increased scrutiny on their tax affairs.
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