CEOs of UK businesses are opposed to any efforts to introduce convergence in global tax and regulatory systems, a new survey has revealed.
A study by accountancy firm PricewaterhouseCoopers (PWC) found that only a quarter of chief executive officers of UK companies favour a move for governments to force convergence.
The research also included the views of 49 CEOs based abroad and found that 53 per cent of them supported the idea of greater convergence.
However, for company bosses in the emerging economies of Brazil, India and Russia, as well as in Italy and Germany, the figure exceeded 70 per cent.
Richard Collier, head of tax for PWC UK, said he was not surprised to find his British compatriots are keen to maintain sovereignty of the country's tax regime.
"Clearly they are wary of convergence of international tax systems, no doubt fearing this would lead to more complexity, uncertainty and time being spent on dealing with red tape," Mr Collier added.
Britain's CEOs Against Move For Tax Convergence
Tue, 15 Apr 2008
Recommended links
Your online UK accountants resourcePricewaterhouseCoopers profile
Tax accountant search
Tax returns
Business Tax
Small Firms Against Further Changes To Tax Legislation
London's 'World Finance Centre Status' Threatened By New Tax Laws
Britain's Wealthiest Avoid GBP13 Billion In Tax Payments
Tax Payments By Credit Card Proposal Slammed
| Accountancy news |
|---|
| Accountants Warn that Taking away Child Benefit from Middle Classes will be Disastrous - Thu, 17 May 2012 |
| Survey Highlights UK Companies are Optimistic - Wed, 16 May 2012 |
| Accountants Salaries Rise by Ten Per Cent - Thu, 10 May 2012 |
| More News |
