The country does not levy any income, capital gains, profits, or estate tax. A “stable economic and political climate and sound legal framework” makes for an attractive business destination, the report observes. The Cayman Islands have emerged as the easiest jurisdiction in terms of tax and accounting compliance. Let’s take a brief overview of the world’s top three countries with the friendliest tax and accounting systems. The table below shows the top ten least complex jurisdictions. The TMF Group had shortlisted 94 countries for its study, 50 of which were from the Europe, Middle East, & Africa (EMEA) region, 24 were from the Americas, and 20 were from Asia-Pacific (APAC).
The study over the complexity of tax and accounting systems was carried out by the Netherlands-headquartered TMF Group in its Financial Complexity Index for 2017. In this one, we’ll look at diametrically opposite countries. In a previous series, we had studied the financial system of the world’s most complex tax and accounting jurisdictions. In a world of increasing complexity, there are few business destinations which can attract firms to set up shop with claims of truly easy tax and accounting systems, policies, and procedures. Hong Kong: The Country With the Simplest Tax System in APAC.The Tax Systems In These Three Nations In The Americas Rank Amongst Top 10 Globally.Why Is the Tax and Accounting Framework So Attractive In These EMEA Countries?.The 10 Countries With the Most Friendly Tax and Accounting Systems In The World.
#COUNTRIES WITH A FINANCIAL TRANSACTION TAX SERIES#
This is post 1 of 4 in the series “These Countries Make Tax and Accounting Compliance A Breeze”
0 kommentar(er)
