Taxation of the Financial Services Sector in the UK: Predictability and Competitiveness

November 7, 2010

CRA consultants survey senior executives from a broad range of financial services firms to gather their perspectives on UK tax competitiveness, particularly in regard to the attractiveness of the UK and London as places in which to locate and from which to conduct international financial services business. On the basis of the interviews, it was recommended that a number of issues need to be addressed if the UK is to maintain and improve its comparative attractiveness to international financial services as a business location with a predictable, competitive, and constructively applied taxation regime.