More countries introduce electronic opportunities for companies to manage and pay their taxes, and this is the most effective way to facilitate the mandatory administration of companies.
The World Bank and PricewaterhouseCoopers have conducted a thorough study of tax ranging from management, different tax types and levels were analyzed in a variety of small and medium sized companies in a total of 181 countries.
The analysis shows significant differences throughout the world for companies to carry out their tax payments, payments that must be implemented within a set of rules, but where the approach differs significantly. More countries practice tax-offices where lines are long while more and more countries move to different effective electronic systems.
The top 10 countries that the study considers the world leader in regards to business in 2007/2008 when it comes to managing tax payments. Ranking:
1. Maldives
2. Qatar
3. Hong Kong - China
4. United Arab Emirates
5. Singapore
6. Ireland
7. Saudi Arabia
8. Oman
9. Kuwait
10. Kiribati
If there is a top 10 list of 181 countries surveyed, there is obviously also a list where the 10 worst countries are presented. This is the result:
172. Panama
173. Jamaica
174. Mauritania
175. Gambia
176. Bolivia
177. Venezuela
178. Central African Republic
179. Congo
180. Ukraine
181. Belarus
But it's not only the digital world that is developing in different countries' tax systems, the majority of countries is continuing to streamline and simplify taxation, as this provides huge savings for all parties, both the public and businesses. There are countries such as Ukraine, China, France, Greece, and Romania, with the ambition to reduce the costly bureaucracy.
Cecilia Helland