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20 November 2014Paying taxes has become easier around the world
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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 2015 study. The report also revealed that the total amount the average company paid in taxes and the number of payments it made also declined in the past year.
In the aftermath of the financial crisis, the Eurozone relied on Germany to push up its economic growth rate. But in the absence of a pick-up of growth in the core economies of France and Italy – as well as in the Eurozone’s periphery economies – this over-reliance on Germany is becoming an issue. More information in the November issue of PwC's Global Economy Watch report.
Family businesses must adapt faster, innovate sooner and become more professional in the way they run their operations if they are to remain successful.