Multinationals across EU largely favour harmonised tax base

MULTINATIONAL companies across the EU favour a harmonised tax base and tax rates, according to a study from KPMG. Finance heads in more than 400 firms with turnover of more than €700 million were canvassed.

KPMG’s Sue Bonney said they were surprised at the 79% support for a common consolidate tax base and at the 69% support for a single rate.

“This is a very clear vote from business in favour of a simpler tax system, even if it requires companies to give up the benefits of choosing between the tax regimes of different countries.”