Russell Bedford International Supports Major World Bank Report
Summary
“More than 100 economies use electronic systems for services ranging from business registration to customs clearance to court filings,” according to Sylvia Solf, lead author of the report.Our member firms in Latin America and other emerging markets remain committed to helping clients deal with this administrative burden.” For further information, contact Kempton Bedell-Harper on +44 20 7410 0339.Ranked amongst the worlds leading accounting and audit networks, Russell Bedford is represented by some 460 partners, 5000 staff and 200 offices in more than 80 countries in Europe, the Americas, the Middle East, Africa and Asia-Pacific.The average time spent in tax compliance in this region is also significantly reduced, down from 448 hours in 2005/6 to 302 in 2010/11.Companies in the Middle East and North Africa now have a highly competitive total tax rate of 32.2 per cent, with companies in these countries also enjoying the lowest administrative burden, at an average 188 hours per year.The report also suggests that increasing use of electronic systems and e-government initiatives is delivering genuine benefits to entrepreneurs.“More than 100 economies use electronic systems for services ranging from business registration to customs clearance to court filings,” according to Sylvia Solf, lead author of the report.