GBCI 2021: Accounting, Tax And Complexity

In June, we published our annual Global Business Complexity Index (GBCI) report which provides an authoritative overview of the complexity of establishing and operating businesses around the world. Using 292 indicators across the areas of legislation, compliance, accounting, tax, human resources and payroll, our report publishes a global ranking of 77 jurisdictions based on the complexity of their business environments.

This follow-up article will focus on accounting and tax, to further explore the drivers of complexity within this space. Accounting and tax requirements for businesses that are incorporating and operating in foreign jurisdictions can add to the burden of complexity, as companies struggle to navigate new and unfamiliar legislation. This is rendered even more complex when legislation varies at a global level for instance across different regions within a jurisdiction, or when organisations need to keep up with rapidly changing regulations.