Publication:
Paying Taxes 2014 : The Global Picture

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dc.contributor.authorPricewaterhouseCoopers
dc.contributor.authorWorld Bank Group
dc.date.accessioned2014-07-22T17:09:58Z
dc.date.available2014-07-22T17:09:58Z
dc.date.issued2013-11-19
dc.description.abstractPaying Taxes 2014 looks at tax regimes in 189 economies as part of the Doing Business series. The period covered by the study, 2004 to 2012, has seen the end of a sustained period of economic growth, a severe recession and a slow recovery. Governments continue to be under the pressure balance the need to attract investment and foster growth while generating tax revenues. This report finds that governments continue to reform their tax systems despite global economic uncertainty, with 32 economies having taken steps from June last year through May 2013 to make it easier and cost less for small and medium businesses to pay taxes. The report finds that the most common tax reform undertaken by 11 economies is the introduction or improvement of electronic filing, eliminating the need for 74 separate tax payments and reducing compliance time by almost 200 hours in total. On average around the world it now takes our case study company 268 hours to comply with its taxes, it makes 26.7 payments and has an average total tax rate of 43.1 percent. The range for each sub-indicator is very wide. The number of payments ranges from 3 in Hong Kong SAR, China and Saudi Arabia to 71 in República Bolivariana de Venezuela. The time to comply is lowest in the United Arab Emirates where it takes 12 hours to deal with the taxes that apply, all of which are labor taxes. The highest number of hours is still taken by our company in Brazil. It takes 2,600 hours with more than half of this time being spent on consumption taxes. Until 2008, 7 of the 8 geographical regions covered in the report had consistently recorded a fall in their average total tax rate. This changed in 2009 when only 5 regions recorded a fall. This fell to 3 in 2011 and in the latest study only Africa and South America show a fall in the total tax rate while all other regions show an increase apart from Asia Pacific and EU and EFTA where rates of 36.6 percent and 42.5 percent respectively have been maintained. Over the nine years of the study the total tax rate attributable to profit taxes have fallen faster than that for labor taxes so that labor taxes are now the largest element of the total tax rate. While the average time to comply has fallen by 55 hours over the 9 years of the study, the rate of decline has slowed dramatically in the most recent period, falling by only 1 hour between 2011 and 2012. Over the nine years of study, the greatest improvement on time has been seen for labor taxes (23 hours). The number of hours has fallen by 19 hours for consumption taxes and by 13 hours for corporate income tax.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/11/19653908/paying-taxes-2014-global-picture
dc.identifier.doi10.1596/18969
dc.identifier.urihttps://hdl.handle.net/10986/18969
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectBANKING SYSTEM
dc.subjectBID
dc.subjectBONDS
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL GAINS TAX
dc.subjectCARBON
dc.subjectCARBON TAX
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCOMPLIANCE COSTS
dc.subjectCONSUMPTION TAX
dc.subjectCONSUMPTION TAXES
dc.subjectCORPORATE INCOME TAX
dc.subjectCORPORATE INCOME TAXES
dc.subjectCORPORATE INVESTMENT
dc.subjectCORPORATE RESPONSIBILITY
dc.subjectCORPORATE TAX
dc.subjectCORPORATE TAX RATES
dc.subjectCUSTOMER SERVICE
dc.subjectDEBT
dc.subjectDECISION MAKING
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISPUTE RESOLUTION
dc.subjectDIVIDEND
dc.subjectDIVIDENDS
dc.subjectDOUBLE TAXATION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPACT
dc.subjectELECTRONIC PAYMENT
dc.subjectELECTRONIC PAYMENTS
dc.subjectEMPLOYMENT TAXES
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL TAX
dc.subjectENVIRONMENTAL TAXES
dc.subjectFOREIGN COMPANY
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL STANDARD
dc.subjectINSURANCE
dc.subjectINTANGIBLES
dc.subjectINTEREST EXPENSE
dc.subjectINTEREST INCOME
dc.subjectINTEREST TAXES
dc.subjectINVESTMENT OPTIONS
dc.subjectJURISDICTION
dc.subjectLAND TAX
dc.subjectLEVY
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectNATURAL RESOURCES
dc.subjectONLINE BANKING
dc.subjectPAYMENT METHOD
dc.subjectPAYMENT SYSTEMS
dc.subjectPAYROLL TAXES
dc.subjectPENSION
dc.subjectPENSION CONTRIBUTION
dc.subjectPENSION CONTRIBUTIONS
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL INCOME TAX
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROPERTY TAXES
dc.subjectPUBLIC INVESTMENTS
dc.subjectREGULATORY AGENCIES
dc.subjectREGULATORY PRACTICE
dc.subjectRENEGOTIATION
dc.subjectSALES TAX
dc.subjectSALES TAXES
dc.subjectSAVINGS
dc.subjectSHAREHOLDER
dc.subjectSINGLE TAX
dc.subjectSTAMP DUTY
dc.subjectSTREAMS
dc.subjectTAX
dc.subjectTAX ADMINISTRATION
dc.subjectTAX BASE
dc.subjectTAX COLLECTION
dc.subjectTAX COMPLIANCE
dc.subjectTAX DEDUCTIBLE
dc.subjectTAX EXEMPTIONS
dc.subjectTAX INCENTIVES
dc.subjectTAX LAWS
dc.subjectTAX OBLIGATIONS
dc.subjectTAX PAYERS
dc.subjectTAX PLANNING
dc.subjectTAX POLICIES
dc.subjectTAX POLICY
dc.subjectTAX RATE
dc.subjectTAX RATES
dc.subjectTAX REFORM
dc.subjectTAX REFORMS
dc.subjectTAX REGIME
dc.subjectTAX REGIMES
dc.subjectTAX REGULATIONS
dc.subjectTAX REPORTED
dc.subjectTAX RETURN
dc.subjectTAX RETURNS
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTAX SYSTEM
dc.subjectTAX SYSTEMS
dc.subjectTAX TREATIES
dc.subjectTAXABLE INCOME
dc.subjectTAXATION
dc.subjectTAXATION OF BUSINESS
dc.subjectTAXPAYER
dc.subjectTAXPAYERS
dc.subjectTRANSACTION
dc.subjectTRANSFER PRICING
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTURNOVER
dc.subjectVALUE ADDED TAX
dc.subjectWITHHOLDING TAX
dc.subjectWITHHOLDING TAXES
dc.titlePaying Taxes 2014 : The Global Pictureen
dspace.entity.typePublication
okr.date.disclosure2014-06-11
okr.date.doiregistration2025-05-09T11:16:22.967885Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/11/19653908/paying-taxes-2014-global-picture
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid143331468313829830
okr.identifier.externaldocumentum000456286_20140611122120
okr.identifier.internaldocumentum19653908
okr.identifier.report88638
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/11/000456286_20140611122120/Rendered/PDF/886380WP0DB20100Box385194B00PUBLIC0.pdfen
okr.topicLaw and Development::Tax Law
okr.topicEnvironmental Economics and Policies
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicTaxation and Subsidies
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.unitDoing Business - IFC (DECDB)
okr.volume1 of 1
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