The latest Taxation Paper issued by the European Commission presents the results of the European Tax Survey, a survey of the compliance costs of EU companies in which seven hundred EU companies participated.

This survey shows that:

• Cross-border activity currently leads to higher company tax and VAT compliance costs for companies.
• Compliance costs are significantly higher for companies with at least one subsidiary in another EU Member State compared to companies without subsidiaries abroad and the costs increase with the number of such subsidiaries.

Compliance costs are also proportionately greater for SMEs than for large companies.

This entry was posted on Wednesday, January 12th, 2005 at 11:03 and is filed under VAT. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.