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A new study by accountancy firm KPMG has discovered that many companies are seeking a better harmonised European-wide tax system.
More than 400 firms have backed new European Commission proposals for a pan European corporate tax system, reports Accountancy Age.
Some 78 per cent of respondents supported the notion of a company formation using a pan-European tax system.
Large companies from right across the 27 EU countries plus Switzerland were asked to respond on the EC plans for a common consolidated corporate tax base (CCCTB).
Interestingly, the UK proved most questioning in its potential take-up of a new system with only 62 per cent in favour.
This compared to 100 per cent potential take-up in Spain, Denmark and the Czech Republic. There was 96 per cent support in Italy with 90 per cent registered in Greece, Luxembourg, Poland, Romania, Slovenia and Sweden.
Germany saw 84 per cent support the proposals while 80 per cent agreed with them in Portugal, Hungary, Finland and Austria.
Under the newly proposed system, a company formation would see its business profits calculated according to an EU-wide formula. Following this, profits would be reallocated to countries in which those businesses operate and see these amounts taxed at those countries corresponding rates.
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