We saw in last year's GBCI report that many governments had
introduced measures to alleviate pressure on businesses during the
pandemic. These included tax exemptions, increasing employee rights
and the acceleration of digital reporting. The changes were
introduced to lessen financial or administrative stresses but often
led to higher complexity for businesses.
As the world emerges from the pandemic, we have found that some
of these changes are here to stay but many were short term,
adaptive measures which have been, or are in the process of being,
reversed. This has once again introduced short-term complexity for
businesses. For example, in Brazil, which ranked top in the 2021
and 2022 GBCI rankings, complexity has been at an all-time high
over the last two years due to the introduction and subsequent
reversal of pandemic-related regulations.
