CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. International Firms Warned Against UK By Tax Advisers

International Firms Warned Against UK By Tax Advisers

by Jason Gorringe, Tax-News.com, London

31 December 2004


According to reports in the UK media this week, leading tax advisers and accountancy firms, such as PricewaterhouseCoopers and KPMG are advising their international clients to avoid establishing operations in the United Kingdom, as a result of tax uncertainty created by government crackdowns and EU interference.

Reporting on the threat to the UK's competitiveness on Wednesday, the Edinburgh Evening News quoted PwC's UK head of tax, Richard Collier-Keywood as announcing that:

"When we advise US companies, we advise very few to base their headquarters here."

Loughlin Hickey, head of UK tax at KPMG, reportedly suggested meanwhile that several other EU member states, such as Spain and Denmark, may end up pipping the UK to the post of Europe's leading inward investor.

However, according to the report, the government's UK Trade and Investment Agency dismissed the accounting firms' comments, arguing that the UK is still "a relatively lightly taxed economy compared with the EU average".

A comprehensive report in our Intelligence Report series looking at offshore and onshore corporate structures and their tax implications is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report7.asp

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »