Accounting and tax professionals working for multinational
businesses will continue to face significant challenges as the
trend for greater harmonisation in global compliance and regulation
fails to gather pace, a report by TMF Group, a leading provider of
international business administration support services,
reveals.
The '
TMF Group Accounting and Tax Report', part of the 2019
Global Business Complexity Index which analysed 76 different
jurisdictions worldwide in terms of ease of doing business,
revealed that while "small steps" are being taken towards
global conformity, local tax and accounting practices continue to
heavily influence business decisions and operating models.
