The tax compliance costs faced by European private companies have risen to between 1% and 2% of their turnover, according to a study commissioned by the European Parliament’s Subcommittee on Tax Matters (FISC), published on Wednesday 22 February.
These costs average around €15,000 per year for businesses based in EU countries and the UK. The study revealed great heterogeneity between countries. For example, the Nordic and Baltic countries are among the best performers, as they use...