ARTICLE · 15 AUGUST 2022

GBCI 2022: Complexity In Accounting And Tax

TMF Group BV

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TMF Group's Global Business Complexity Index 2022 explores 292 different indicators relating to business complexity. Our analysis covers three core areas of business administration...

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TMF Group's Global Business Complexity Index 2022 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.

Increased global alignment of accountancy and tax principles

A key factor that drives simplicity is the gradual global alignment of principles in the accountancy and tax worlds. In the long term, this has considerable benefits for international businesses as they have the advantage of being able to operate in a uniform manner across different jurisdictions and regions, which brings operational efficiencies. However, local nuances over

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