High taxation poses greatest risk to European businesses

EUROPEAN companies now consider high taxation to be the biggest barrier to their future success, according to research released today by Lloyd’s of London.

The annual risk index of global executive attitudes found potential changes to the tax system have became the dominant concern of European businesses, following recent public outcries over the contributions made by large firms.

Execs said the other risks that keep them awake at night include the potential loss of a customer and the growing price of material inputs.