19th Global CEO Survey
The results, in PwC’s Annual CEO Survey underline a gloomy outlook for the global economy in the next twelve months. More than 1,400 CEOs were interviewed for the research, which was published at the opening of the World Economic Forum Annual Meeting in Davos, Switzerland.
What comes with 2016?
The G7 is expected to grow and this growth would have the fastest pace since 2010. Geopolitics will be at the top of policymakers’ agendas such as the migrant crisis in Europe, the crisis in the Middle East, or the referendum on the fate of the UK’s European Union membership. Eurozone crisis is expected to come to an end. Africa, however, will add ‘an Australia’ to the world’s population.
Global reductions in tax compliance burden
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, but the focus has moved from reducing tax rates for companies to embracing technology and relieving their compliance burden. The report also shows that low-income economies continue to face the biggest reform challenges.