New research has suggested that UK firms fare well in the European league table of tax and social security contributions, despite recent complaints from the business community that the tax burden on the nation’s employers has been steadily rising in recent years.
According to the research undertaken by chartered accountants AGN Shipley, based on a salary of EUR100,000 (£67,000), UK employers pay 182% of an employee's gross salary, giving them a significant advantage over employers in many of the 14 countries examined in the study.
In Belgium for example, the figure was 263%, closely followed by Finland (259%), Sweden (255%), Italy (216%), and France (212%). Only two nations had less of a burden than the UK: Ireland (178%) and Luxembourg (150%).
Similarly, UK employees also benefit from the lighter tax burden, as workers take home 62% of their gross income. By contrast, In Finland and Denmark, employees take home less that 50% of their gross wages.
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