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Do you have a source for this? I have never heard this and I very much doubt it is true. If you look at the "Paying Taxes Report" from the world bank + PWC, the
by Atropos 14y ago
Do you have a source for this? I have never heard this and I very much doubt it is true. If you look at the "Paying Taxes Report" from the world bank + PWC, the UK has a yearly time to comply of 110 hours - versus 175 hours USA, 207 hours Germany, 330 hours Japan... Time to comply isn't a perfect metric of course, but all the classical "easy tax" countries like Switzerland, Luxembourg, Singapore, HongKong, Ireland have even lower numbers than the UK, so there is at least a correlation. (If you control for economically comparable factors)
- lucian1900 14y agoIf nothing else, it is the longest tax code [1]. It's possibly not the most complex, but one could argue that it no longer matters at this point. 1. http://www.accountingweb.co.uk/topic/tax/uk-now-has-longest-tax-code-world http://www.accountingweb.co.uk/topic/tax/uk-now-has-longest-...
- rprasad 14y agoThe PWC report includes time spent determining state and local taxes, which can be quite complex in the U.S. (for companies operating in many states) but which are nonexistent in other nations.