Article written in 2020, video forecasting these accounting trends made at a KPMG event in 2008 - core messages very similarTax rates will continue to converge globally in many sectors and industries as governments compete for global investment. Nations with higher corporate tax rates will see companies shift HQs, factories, offices, research and development. So governments will be forced to keep their own taxation and regulations in step with the global norm.Global corporations will continue to use all kinds of elaborate accounting mechanisms to avoid tax, moving profits from one nation to another, exploiting whatever differences remain, attracting public criticism and resentment in the process....

Sources of Survey Data Include: Online metrics, Church attendance statistics, National Census plus many large national surveys.  Results may surprise you.

In many EU nations, 70% of all retail spending is already in just four or five retail chains, and across the EU as a whole, 50% of all food sales take place in just ten chains. National price wars will become regional price wars. Sales by chains in the EU will continue to grow fast – 25% growth over the last 14 years, but their retail floor space has grown at twice that rate, so their productivity has fallen

Global e-commerce sales will be $5 trillion by 2025, from more than $2.6 trillion in 2018, mostly on mobile devices. Amazon is now the world’s third largest retailer after companies like Wal-Mart, Carrefour and Tesco, with $232bn of sales a year.  Over 30% of all UK shopping apart from groceries is already online, growing at 10% a year, mostly via mobiles. E-commerce is growing at 30% a year in Asia. These are pointers to the future of Greek retail. In Greece, EU5bn is already spent online, mainly on shoes, clothes and electronic devices - over 3% of the entire economy, and 25% of this is bought on smartphones. 

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