Saturday, September 17, 2005

News - Doing Business in 2006 – Reforms Mean More Jobs

News - Doing Business in 2006 – Reforms Mean More Jobs: "September 12, 2005 —Imagine having a company in Sierra Leone where if you paid all your business taxes, it would eat up 164 percent of your company’s gross profit.

Or imagine being in Syria, where you’re expected to put up at least US$61,000 in capital – 51 times the average annual income – to register a business.

Perhaps try Mozambique – where an entrepreneur must go through 14 separate procedures over 153 days to register a new business.

In Lao PDR, the start-up procedures take 198 days.

By contrast, in Australia it takes 2 days."

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