Here's why China's number one ranking for financial
complexity is not as alarming as it may appear.
Since we released the
2018 edition of our Financial Complexity Index, there has been
a lot of focus on
China's top placing - that is - ranked as the most complex
jurisdiction globally for financial compliance. I have personally
helped multinationals meet local accounting and tax rules and
regulations in China for 15 years, and I have seen a lot change in
that time. It's important to put the country's ranking in
perspective, and explain why it may not be as alarming as it may
appear.
Firstly, a review of the main factors behind China's
financial complexity ranking shows that many are not common to
other markets.
