Benzarti concludes that compliance costs
create a "tradeoff between requiring less forms and receipts (and therefore reducing filing costs) versus reducing evasion.
From the point of view of other factors that are important when estimating compliance costs
(see for example Collard and Godwin (1999)) we provide information about the size that really impacts the percentage of compliance costs
in all existing studies.
And what the public might not be aware of in terms of compliance costs
, industry experts are only too happy to share.
Although executives complain about compliance costs
, data differ on whether costs are stabilizing or continuing to mount.
TABLE 1 Examples of the Cost of Compliance Information Cumulative Government collection compliance hours estimate of hourly compliance cost
IRS Form 1040 2.
The most expensive compliance costs
associated with the storage of unstructured information include e-discovery, access governance and internal auditing activities.
Nearly 60 percent of finance executives participating in the survey indicated a strong interest in outsourcing sales and use tax compliance, citing the need to free themselves from the complexity of sales and use tax management, as well as the desire to lower compliance costs
Other studies suggest compliance costs
may be 50 percent higher than these estimates.
This paper reports on a small-scale study of the compliance costs
of small New Zealand businesses.
The conventional wisdom is that, in most cases, European industry has negotiated allowances for the 2005 to 2007 period that can be met without incurring significant direct compliance costs
Slash your Compliance Costs
is the first comprehensive book about managing and reducing small-business compliance costs
in New Zealand.
Business and accounting groups have been grumbling all year about the compliance costs
of Sarbanes-Oxley, particularly the Section 404 requirements mandating companies review and report on the adequacy of their internal controls and that an independent auditor attest to the adequacy of that corporate review.
A survey on the VAT and corporation tax compliance costs
of EU companies published by the European Commission on September 9 has found that cross-border business currently leads to substantially higher costs for companies, and calls for sweeping changes in the EU's corporate tax system.
The company will integrate Risk Navigator with existing business applications and IT systems to support their globally dispersed organization, resulting in an overall reduction of compliance costs
and related IT management time.
Escalating compliance costs
for regulatory mandates, particularly those related to workplace safety, pollution abatement and corporate governance.