Basware: Compliance Failures Halt Global Business Growth

Over half (56%) of companies are unable to expand overseas due to missed invoicing or tax compliance deadlines, new data reveals. Increasing financial regulatory demands combined with fragmented internal systems are creating a ‘compliance breaking point,’ preventing businesses from reaching their full global potential. More than one-third (36%) of companies have incurred fines by submitting incorrect tax audits, highlighting how widespread tax compliance failures are and why businesses risk being held back on the global...

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