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Over 80% of European tax professionals say complicated tax laws hinder business growth

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  • Publish date: 12 December 2016
  • Archived on: 12 December 2017

Monday 12 December 2016, A joint ICAEW-EGIAN survey, which includes the views of 173 tax professionals across 29 European countries, highlights the need for a simpler tax system across Europe.

Commenting on the release of ‘Tackling taxes – Business Perspectives from across Europe’, ICAEW European Regional Director, Martin Manuzi, said:

“Over 4 in 5 respondents identified the complexity of tax law as the number one compliance burden for businesses in Europe. In economically challenging times, the last thing businesses need is to have to navigate through a maze of red tape. Businesses need to be able to focus efforts on innovation and growth. If the digitalisation of tax is to be successfully rolled out across all of Europe, it is vital that the tax environment be made more accessible and less complex for businesses of all sizes and sectors.” 

John Capper, EGIAN Executive Director, commented: “ In particular, VAT compliance has been highlighted by the report as being challenging for businesses. Across Europe, 2 in 3 respondents say businesses struggle to comply with VAT rules. Whilst there is significant data available, including from the European Commission and the OECD, on tax indicators, there is little research which takes as its starting point the views of tax professionals. Our report aims to fill this gap. Tax professionals stand ready to help identify and tackle the main challenges. Together, we should work towards tax systems that achieve the right balance between business growth and compliance.” 

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