Tax reforms threaten UK competitiveness, warns PwC
Jonathan Howe, UK insurance tax leader, PricewaterhouseCoopers, calls on the Chancellor to get UK competitiveness back on track in next week's pre-budget report
Some 62% believe that proposed tax and regulatory changes could lead to financial services (FS) organisations migrating from the UK, according to research.
The PricewaterhouseCoopers (PwC) poll of over 90 tax professionals, revealed that only 15% do not think that that proposals will lead to a migration of business.
In addition, over half of those polled (56%), feel that there is too much proposed regulatory reform across the FS industry with less than a third (31%) believing that the level is
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