Businesses across Europe are increasingly aware of the impact of tax on their business strategy and Family Businesses are no different. Indeed, the range of taxes applicable to Family Businesses and their stakeholders mean the possible impacts and complexities are magnified. While much of the focus is on how taxation affects competitiveness, a country's tax regime can have a far wider impact, not least on succession, but also the future growth of Family Businesses.
European Family Businesses (EFB) and KPMG have joined forces to review tax regimes across 23 European countries and their impact on Family Businesses. The comparison of countries' tax systems is complex
as all have differing tax exemptions and reliefs in operation. The range of reliefs and exemptions countries offer can mean the effective tax rate can be significantly different to the headline rate.