This document provides an overview and analysis of the Doing Business 2015 report. It discusses what aspects of the business environment Doing Business measures, the areas of business regulation covered, and how the indicators are calculated. It also summarizes reforms made by economies in 2013/2014 and highlights changes being made to indicators for the 2016 report. Key reforms focused on starting a business, trading across borders, and property registration. The document finds convergence across economies in reducing delays for regulatory processes. Adopting best regulatory practices could significantly reduce the time firms spend on activities like starting a business and paying taxes.
Encuesta de Benchmarking 2013 sobre IVA que analiza los impuestos indirectos o impuestos que gravan el consumo, tales como el Impuesto al Valor Agregado (IVA) o el llamado Goods and Services Tax (GST).
Beyond Doing Business: the Unfinished Investment Climate Reform Agenda in Uzb...Mirzo Ibragimov
A presentation was delivered by Mrs Stefka Slavova, Lead Economist, Trade and Competitiveness Global Practice at the World Bank, on 8 November 2017, in Tashkent, Uzbekistan.
Encuesta de Benchmarking 2013 sobre IVA que analiza los impuestos indirectos o impuestos que gravan el consumo, tales como el Impuesto al Valor Agregado (IVA) o el llamado Goods and Services Tax (GST).
Beyond Doing Business: the Unfinished Investment Climate Reform Agenda in Uzb...Mirzo Ibragimov
A presentation was delivered by Mrs Stefka Slavova, Lead Economist, Trade and Competitiveness Global Practice at the World Bank, on 8 November 2017, in Tashkent, Uzbekistan.
The ease of doing business index is an index created by the World Bank Group. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the effect of improving these regulations on economic growth is strong.
Session by David Bradbury, Head, Tax Policy Statistics Division, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Presentation by Sebsbie Fekade, Ansakech Lake and Ronald Waiswa at the second annual meeting of the Ethiopian Tax Research Network, which took place in Addis Ababa on 8th October 2018.
In July 2013 the OECD unveiled the Action Plan on Base Erosion and Profit Shifting (BEPS), which aims to develop a new set of standards to prevent double non-taxation and ensure that profits are taxed where they are actually generated. By Grace Perez-Navarro, Deputy Director, and Raffaele Russo, Head of the BEPS Project, Centre for Tax Policy and Administration.
Democratic Alliance together with experts has developed a framework for the tax reform in Ukraine. Please find more details at http://dem-alliance.org/news/podatkova-reforma-ukraina.html.
Your comments and ideas are welcome, please send them to reforms@dem-alliance.org
Tax management within multinational enterprises (MNEs) has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest Grant Thornton report exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.
National Retail Payment System and the Philippine E-Commerce RoadmapJanette Toral
Brief document about the National Retail Payment System (NRPS) as presented during the Philippines E-Commerce Roadmap launch last February 2, 2016. The NRPS is a policy and regulatory framework that aims to establish a safe, efficient, reliable and affordable retail payment system in the Philippines.
Etude PwC/Banque mondiale "Paying taxes 2014"PwC France
http://pwc.to/1fReiKb
Paying Taxes 2014 évalue les impôts et cotisations annuels obligatoires des petites et moyennes entreprises, sur la base d’une « société type » décrite page 140 de l’étude. Les impôts et cotisations évalués comprennent l’imposition des bénéfices, les cotisations et les charges sociales supportées par l'employeur, la taxe foncière, l'impôt sur la transmission du patrimoine, l'imposition des dividendes, l'impôt sur les plus-values, la taxe sur les transactions financières et les taxes sur la collecte des déchets, les taxes sur les véhicules et de circulation routière et d’autres droits et taxes accessoires.
Pour plus d'informations sur l'étude Paying Taxes rendez-vous sur : www.pwc.com/payingtaxes.
The ease of doing business index is an index created by the World Bank Group. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the effect of improving these regulations on economic growth is strong.
Session by David Bradbury, Head, Tax Policy Statistics Division, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Presentation by Sebsbie Fekade, Ansakech Lake and Ronald Waiswa at the second annual meeting of the Ethiopian Tax Research Network, which took place in Addis Ababa on 8th October 2018.
In July 2013 the OECD unveiled the Action Plan on Base Erosion and Profit Shifting (BEPS), which aims to develop a new set of standards to prevent double non-taxation and ensure that profits are taxed where they are actually generated. By Grace Perez-Navarro, Deputy Director, and Raffaele Russo, Head of the BEPS Project, Centre for Tax Policy and Administration.
Democratic Alliance together with experts has developed a framework for the tax reform in Ukraine. Please find more details at http://dem-alliance.org/news/podatkova-reforma-ukraina.html.
Your comments and ideas are welcome, please send them to reforms@dem-alliance.org
Tax management within multinational enterprises (MNEs) has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest Grant Thornton report exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.
National Retail Payment System and the Philippine E-Commerce RoadmapJanette Toral
Brief document about the National Retail Payment System (NRPS) as presented during the Philippines E-Commerce Roadmap launch last February 2, 2016. The NRPS is a policy and regulatory framework that aims to establish a safe, efficient, reliable and affordable retail payment system in the Philippines.
Etude PwC/Banque mondiale "Paying taxes 2014"PwC France
http://pwc.to/1fReiKb
Paying Taxes 2014 évalue les impôts et cotisations annuels obligatoires des petites et moyennes entreprises, sur la base d’une « société type » décrite page 140 de l’étude. Les impôts et cotisations évalués comprennent l’imposition des bénéfices, les cotisations et les charges sociales supportées par l'employeur, la taxe foncière, l'impôt sur la transmission du patrimoine, l'imposition des dividendes, l'impôt sur les plus-values, la taxe sur les transactions financières et les taxes sur la collecte des déchets, les taxes sur les véhicules et de circulation routière et d’autres droits et taxes accessoires.
Pour plus d'informations sur l'étude Paying Taxes rendez-vous sur : www.pwc.com/payingtaxes.
The world of international business has become more challenging. Trade disputes, tariffs, rising nationalism and Brexit now point to a shift from globalisation to economic fragmentation. As a result, businesses in many cases have to localise their presence in order to establish themselves in markets they wish to do business in.
The Global Business Complexity Index ranks jurisdictions around the world in terms of how difficult they are to operate in. It highlights what to expect from different countries across a range of business requirements including legal, compliance, accounting, tax and employment rules.
Complexity is not a reason to avoid investing. It is a factor which must be managed. With the right local knowledge and preparation, good companies can thrive anywhere.
Doing business is a Valid website for Entrepreneurs which plan to Start a new business and help them to make decisions . It include data and information about infrastructure of the Countries and how ease we can act.
Doing Business In Belarus 2012 The World Bank ReportAlexanderJRogan
The Doing Business Project provides objective measures of business regulations and their enforcement across 183 economies and selected cities at the subnational and regional level.
The Doing Business Project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
By gathering and analyzing comprehensive quantitative data to compare business regulation environments across economies and over time, Doing Business encourages countries to compete towards more efficient regulation; offers measurable benchmarks for reform; and serves as a resource for academics, journalists, private sector researchers and others interested in the business climate of each country.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
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Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
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USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. Augusto Lopez Claros, Director, Global Indicators Group
WTO, Geneva
November 5, 2014
Global Indicators Group
DEVELOPMENT ECONOMICS
DOING BUSINESS 2015
GOING BEYOND EFFICIENCY
2. 1
What does Doing Business measure?
Doing Business indicators:
Focus on regulations relevant to the life cycle of a
small to medium-sized domestic business.
Are built on standardized case scenarios.
Are measured for the most populous city in each
country, and the second largest business city in
countries with more than 100 million inhabitants.
Are focused on the formal sector.
DO NOT measure all aspects of the business environment such as security,
macroeconomic stability, prevalence of bribery and corruption, level of training
and skills of the labor force, proximity to markets, regulations specific to foreign
investment or the state of the financial system.
3. 2
The 11 areas of business regulation measured by Doing Business
affect firms throughout their life cycle
At start-up
• Starting a business
• Labor market
regulation
In daily operations
• Paying taxes
• Trading across
borders
In getting financing
• Getting credit
• Protecting minority
investors
In getting a location
• Dealing with
construction permits
• Getting electricity
• Registering property
When things go wrong
• Enforcing contracts
• Resolving
insolvency
4. Doing Business indicators reflect on some of the most important
obstacles firms face
3
• Based on Enterprise
Surveys in 135
countries around the
world
• Direct responses from
representative
samples of the private
sector
• Access to finance,
and tax rates are the
top obstacles across
the developing world
Source: Enterprise Surveys database
2.7%
3.5%
4.5%
6.7%
7.5%
10.0%
10.3%
12.0%
12.2%
16.7%
0% 2% 4% 6% 8% 10% 12% 14% 16% 18%
Business licensing and permits
Access to land
Crime, theft and disorder
Corruption
Inadequately educated workforce
Electricity
Political instability
Tax rates
Practices of the informal sector
Access to finance
Percent of firms identifying the problem as the main
obstacle to their business activity
5. Civil Code – property rights, contractual obligations, pledge regimes
Commercial Code – company creation procedures, minimum paid-in capital
requirements, shareholder rights, winding-up provisions
Tax Code – applicable taxes and contributions
Secured Transactions Law – creation and publicity of security interest, collateral regime
Civil Procedure Code – litigation and courts system, judicial enforcement of a
commercial dispute
Insolvency Law – bankruptcy, insolvency, reorganization and liquidation procedures,
priority rules
Labor Code – hiring and redundancy of workers, definition of working hours
The Doing Business Law Library is the largest free online collection of business laws and
regulations: more than 5,088 business regulatory references can be found at
http://www.doingbusiness.org/law-library
Legal sources of information for the Doing Business indicators
4
6. Time and motion indicators focus on the process
Example: The complexity and time it takes to register property varies significantly among economies
5
Registering property in Belgium requires 8 procedures, takes 64 days and
costs 12.7% of the property value.
• Measure procedural efficiency of the regulatory process
• Follow the entrepreneur from the beginning to the end of a basic transaction
• Record every step of the process, and the associated time and cost
• Gather all the relevant laws, regulations, decrees and fee schedules
7. Time and motion indicators focus on the process
Example: The complexity and time it takes to register property varies significantly among economies
6
Registering property in Peru requires 4 procedures, takes 6.5 days and
costs 3.3% of the property value.
8. Share of economies implementing at least one reform making it
easier to do business in 2013/2014
7
OECD high
Income
Europe and
Central Asia
Middle East and
North Africa
South Asia
East Asia and
Pacific
Sub-Saharan
Africa
Latin
America &
the
Caribbean
Worldwide, 123 economies implemented 230 reforms in 2013/2014, with 145 reforms aimed at reducing
the complexity and cost of complying with business regulation, and 85 reforms aimed at strengthening
legal institutions.
74%
55%
50%
60%
65%
50%
85%
10. New computation of ranking - from percentile ranking to
DTF ranking
• The distance to frontier measure benchmarks
economies with respect to a measure of regulatory
best practice—showing the gap between each
economies’ performance and the best performance
on each indicator.
• Although the ranking generated from the distance
to frontier scores and the percentile rank are highly
correlated, the distance to frontier measure
captures more information than the percentile rank
because it includes not only the ordering of
economies but also how far apart they are.
• Economies with higher variance across topics are
more likely to have a less favorable classification in
the distance to frontier rank than in the percentile
rank.
9
The difference of the two ranking calculations
(based on DB2014 data)
The correlation between the distance to frontier
ranking and the percentile ranking is 99%.
Source: Doing Business database.
Note: The correlation between the distance to frontier ranking and the percentile ranking is 0.99.
11. Ease of doing business ranking – Top 50 economies
10
12. Second city added to the data set for 11 economies
● City added in DB15
● City already covered by Doing
Business
11
For economies with more than 100 million inhabitants, an extra city was added to the Doing
Business measures.
These economies are: Bangladesh, Brazil, China, India, Indonesia, Japan, Mexico, Nigeria, Pakistan,
the Russian Federation, and the United States.
13. Small differences between cities within large economies
12
Note: The figure shows data for the 11 large economies for which Doing Business covers both the largest and the second largest business city.
Source: Doing Business database.
Indicators measuring the strength of legal
institutions show less difference between cities
within economies than those measuring the
complexity and cost of regulatory processes
Small differences in the distance to frontier
score between cities in the same economy
14. A new indicator will assess the reliability of electricity supply by measuring both the
duration and the frequency of power outages:
• The indicator will use the system average interruption
duration index (SAIDI) and the system
average interruption frequency index
(SAIFI).
• SAIDI is the average total
duration of outages over the course
of a year for each customer served,
while SAIFI is the average number of
service interruptions experienced by a
customer in a year.
Changes planned for Doing Business 2016 –
Getting Electricity indicator
Reliability of
electricity supply
• Duration of power
outages
• Frequency of power
outages
13
15. Changes planned for Doing Business 2016 –
Registering Property indicator
The indicator set will be expanded to cover the reliability, transparency and geographic coverage of land
management systems as well as dispute resolution for land issues:
14
16. Better land administration system, faster property transfers
15
Note: The figure compares the distance to frontier score for the existing registering property indicators with the distance to frontier score for the new indicator on the quality of land
administration (to be published for the first time in Doing Business 2016). The data for the new indicator are obtained through a set of questions on reliability, transparency, coverage
and dispute resolution. For example, an economy receives 1 point if it has a functional electronic database for encumbrances, 1 point if it makes the documents and fee schedules for
property registration publicly available (online or on public boards), 1 point if it compiles statistics on land transactions and makes them publicly available, and so on. The correlation
between the 2 distance to frontier scores is 0.56. The relationship is significant at the 1% level after controlling for income per capita.
Source: Doing Business database.
17. It was possible to start a business in
less than 20 days in only 41
economies*, mostly in North America
and Northern and Central Europe
Now, the time to start a business is
less than 20 days for entrepreneurs
in 127 economies*
2005
2014*
*Based on samples of 174 economies in 2005 and 189
economies in 2014
Development impact: Countries that regulate entry more heavily have greater corruption and
larger unofficial economies, but not better quality of public or private goods. (Quarterly Journal
of Economics, February 2002, Djankov, La Porta, Lopez de Silanes, Shleifer.)
Reforms making it easier to start a business were once again most
common in 2013/14 – and show results over time in reduced delays…
16
*EU in 2005: 10 economies
*EU in 2014: 25 economies
18. Developing economies around the world have reduced delays for
exporting and importing through seaport
17
33
31
24
19
20
17
12
10
36
39
34
26
25
22
15
12
0 10 20 30 40 50
South Asia
Sub-Saharan Africa
Europe & Central Asia
Middle East & North Africa
East Asia & Pacific
Latin America & Caribbean
European Union
OECD high income
Time to export (days)
DB 2006 DB 2015
Global
Average
22
Development impact:
Empirical evidence shows that
each additional day that a product
is delayed prior to being shipped
reduces trade by more than 1%.
(Review of Economies and Statistics,
February 2010, Djankov, Freund and Pham)
19. All regions have reduced the time it takes to transfer property
between local firms
18
100
78
63
57
31
23
24
26
137
101
85
104
51
111
57
32
0 50 100 150
South Asia
East Asia & Pacific
Latin America & Caribbean
Sub-Saharan Africa
Middle East & North Africa
Europe & Central Asia
OECD high income
European Union
Average time to register property (days)
DB 2006 DB 2015
Global
Average
50
20. Strong convergence across economies since 2005
Averages by group
19
Note: Economies are ranked in quartiles by performance in 2005 on the indicator shown. The data refer to the 174 economies
included in Doing Business 2006 (2005). Fifteen economies were added in subsequent years.
Source: Doing Business database.
116
44
29
15
0
20
40
60
80
100
120
140
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Time to start a business (days)
Worst quartile Best 3 quartiles
695
499
216
199
0
100
200
300
400
500
600
700
800
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Time to pay taxes (hours per year)
Worst quartile Best 3 quartiles
52
40
20
16
0
10
20
30
40
50
60
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Time to export (days)
Worst quartile Best 3 quartiles
235
94
42
33
0
50
100
150
200
250
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Time to register property (days)
Worst quartile Best 3 quartiles
21. Europe & Central Asia is the region that has improved its business environment the
most over the years – from 2005 to 2013 as well as from 2013 to 2014
20
Note: The distance to frontier measure shows how far on average an economy is at a point in time from the best performance achieved by any economy on
each Doing Business indicator since 2005 or the first year in which data for the indicator were collected. The measure is normalized to range between 0
and 100, with 100 representing the frontier. The data refer to the 183 economies included in Doing Business 2010 (2009) and to the regional classifications
for 2013. Six economies were added in subsequent years. Source: Doing Business database.
72.9
76.8
56.1
62.7
53.9
58.9
51.7
65.0
50.4
57.7
48.7
55.0
42.1
51.3
40
50
60
70
80
90
100
2005 2006 2007 2008 2009 2010 2011 2012 2013
OECD high income East Asia & Pacific
Latin America & Caribbean Europe & Central Asia
Middle East & North Africa South Asia
Sub-Saharan Africa
Gap between OECD high-income
economies and rest of the world
Regulatory frontier
Regions
DTF
DB2014
DTF
DB2015
Change
in DTF
OECD high income 76.08 76.47 0.39
Europe & Central Asia 65.11 66.67 1.56
East Asia & Pacific 62.42 63.19 0.77
Latin America &
Caribbean
59.92 60.66 0.74
Middle East & North
Africa
58.92 59.23 0.31
South Asia 54.05 54.56 0.51
Sub-Saharan Africa 50.76 51.87 1.11
22. Following Doing Business best practices would significantly
decrease the time to start a business
21
• In the 107 economies covered by both Doing
Business and the World Bank’s
Entrepreneurship Database, an estimated 3.1
million limited liability companies were newly
registered in 2012 alone.
• Assuming that they followed the rules and
regulations for company incorporation in their
home economy as measured by Doing
Business, these 3.1 million firms together
spent 40.7 million days to get incorporated.
• Because not all economies followed best
practice, entrepreneurs spent an extra 39.2
million days satisfying bureaucratic
requirements (this figure was 45.4 million days
in 2013).
40.7
1.5
Not following best practices Following best practices
Days to start a business (millions)
Source: World Bank’s Entrepreneurship Database; Doing Business database.
23. Following Doing Business best practices would also significantly
decrease the time to pay taxes
22
• In the 93 economies covered by both Doing
Business and the World Bank’s
Entrepreneurship Database, an estimated 28.6
million limited liability companies were in
operation in 2012.
• Assuming that they followed the rules and
regulations for paying taxes in their home
economy as measured by Doing Business,
these firms together spent 1.1 billion days to
file their taxes.
• Time saved if economies followed the best
practices in paying taxes 751 million days
0.0
0.2
0.4
0.6
0.8
1.0
1.2
Not following best practices Following best practices
0.3
Days to pay taxes (billions)
Source: World Bank’s Entrepreneurship Database ; Doing Business database.
1.1
24. 23
• In 2013/2014, we estimate that around 4.3 million years of working days could have
been saved if governments had applied best practice in regulating business entry,
transferring property, importing, exporting, resolving commercial disputes through the courts
and paying business taxes.
• This corresponds to 43 years of uninterrupted work (365 days a year, with no breaks) by
an army of 100,000 workers.
To put things in perspective:
this is equivalent to building 13 Panama Canals every year.
Dealing with red tape
Source: http://panamalogisticsnews.com/
25. Greece made registering property both easier and less expensive
24
Note: In 2014 procedures 3, 4 and 5 occur simultaneously with procedure 2 (although procedures may take place simultaneously,
they cannot start on the same day). Procedure 6 starts after procedure 2.
Source: Doing Business database.
26. Myanmar reduced the time to export and import by abolishing
license requirements for many types of goods
25
Source: Doing Business database.
27. Kosovo cut the time for enforcing judgments in half by introducing a
private bailiff service
26
Source: Doing Business database.
Legal indicators focus on the strength of legal institutions:
• Measuring the strength of the legal and regulatory framework
• Assessing specific features of local business laws, the civil law, collateral
and bankruptcy laws, or the labor code