TMF Group's Global Business Complexity Index 2023 explores
292 different indicators relating to business complexity. Our
analysis covers three core areas of business administration, and
ultimately assigns an overall complexity score to each of the
jurisdictions assessed.
This article focuses on the second of those three key areas of
business: accounting and tax. Here we take a closer look at some of
the findings from this year's Global Business Complexity Index (GBCI), along
with commentary from our subject matter experts.
Complexity is on the rise
Accounting and tax are key pillars of business operations
worldwide. They can contribute to the overall complexity of doing
business, owing to the burden of their administration and the
associated reporting requirements. They can also carry the threat
of consequences as serious as forced termination of operations or
even imprisonment, in the case of misdemeanours or malpractice.
Getting these areas right is a
