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Tax Compliance Gets Easier for Companies, but New Data Highlights Post – Filing Challenges

Tax Compliance Gets Easier for Companies, but New Data Highlights Post – Filing Challenges

JAKARTA, Indonesia, Nov. 16 (Korea Bizwire) — Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on businesses, says the latest edition of Paying Taxes 2017, a report by The World Bank Group and PwC. Released today, the report finds that the Total Tax Rate decreased by [...]

Years of Global Reductions in Tax Compliance Burden for Companies, Increasingly Driven by Electronic Reforms

Years of Global Reductions in Tax Compliance Burden for Companies, Increasingly Driven by Electronic Reforms

WARSAW, Poland, Nov. 19 (Korea Bizwire) — Electronic tax filing and payments were the most common tax reforms undertaken by countries worldwide during the past year, according to the latest edition of the Paying Taxes report from the World Bank Group and PwC. As a result, paying taxes became easier for medium sized companies globally, [...]

Overall Tax Cost and Compliance Burden Lower for Businesses Around the World

Overall Tax Cost and Compliance Burden Lower for Businesses Around the World

WASHINGTON, Nov. 20 (Korea Bizwire) — Paying taxes has become easier over the past year for medium-sized companies around the world, the latest report from the World Bank Group and PwC finds. The time it takes an average company to meet its tax obligations dropped by four hours last year, according to the Paying Taxes [...]