10 key countries for accounting careers

Where in the world can you find the warmest welcome for accountancy skills? Amy Duff takes a look

As economies such as China, India and the Middle East grow, so too does the demand for qualified accountants. Tougher trading climates also make the financial insight provided by chartered accountants even more valuable. As the adoption and updating of International Financial Reporting Standards (IFRS) gathers speed, qualified accountants will be needed in increasing numbers to help organisations interpret and apply these complex standards. ICAEW’s ACA qualification is recognized in 170 countries in the world. So if you’re contemplating broadening your horizons and working in pastures new, here are 10 to whet your whistle.


Worldwide Rental Price Index

This is a list of 540 cities, grouped by average monthly apartment cost, from Granada, Spain & Phuket, Thailand (avg. rent $450) to Akron, Ohio & Taipei, Taiwan ($650), to my favorite, Abu Dhabi, UAE & Seattle, WA ($1950).

The reason we didn’t select a map-based chart is because the visuals of a map draw your eye to a location first and then to contrasts in colors. For this dataset, it’s interesting to see cities grouped together that you wouldn’t otherwise associate, based on similar rent levels. We were skeptical you could accomplish this with a map, so instead we showed geographic associations by color-coding regions. We also think there are lots of interesting stuff happening in the way the regions are distributed: Asia totally dominates the lower tiers, Europe is incredibly diverse, and South America is surprisingly (or not) clustered together.


24 Most Affordable Cities to Live in for Renters – Find Cheap Housing

How much does your apartment cost? Depending on where you live, your answer is likely to vary – a lot.

According to RentJungle, the average San Francisco apartment rented for $3,933 per month in April 2019. If you follow the old rule of spending no more than 30% of your income on housing, you’d need to earn at least $157,320 per year to afford the average San Francisco apartment. That’s a tall order, even with the Bay Area’s relatively high incomes.


Financing Healthcare

Good health is a key part of our quality of life. In this entry we focus on healthcare – one of the most important inputs to protect and improve health. There are many other factors affecting health, and you can read more about some of them in our entries about health.

Publicly funded healthcare is a legacy of the Age of Enlightenment.1 The first examples of legislation on health insurance date back to the late 19th century.2 Data from these early systems shows that healthcare expenditure only began rising several years after the expansion of insurance coverage, with the discovery of powerful new treatments.3

The impact that scientific developments had on healthcare expenditure is epitomized in the U.S. experience: in recent decades, as treatment possibilities expanded rapidly, expenditure on healthcare increased – in any way you want to measure it: private and public, both per capita and as a share of gross domestic product. This occurred without major changes in insurance coverage and had two important consequences: (i) the U.S. currently spends more government money per person on healthcare than many countries that fund universal programs, and (ii) spending is so concentrated that the top 1% of spenders account for more than 20% of total healthcare expenditure.4




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Corporate Tax Rates around the World, 2019


In 1980, corporate tax rates around the world averaged 40.38 percent, and 46.67 percent when weighted by GDP.[1] Since then countries have recognized the impact that high corporate tax rates have on business investment decisions so that in 2019, the average is now 24.18 percent, and 26.30 when weighted by GDP, for 176 separate tax jurisdictions.

Declines have been seen in every major region of the world including in the largest economies. The 2017 tax reform in the United States brought the statutory corporate income tax rate from among the highest in the world closer to the middle of the distribution. Whereas in 2017 the United States had the fourth highest corporate income tax rate in the world,[3] it now ranks towards the middle of the countries and tax jurisdictions surveyed.

European countries tend to have lower corporate income tax rates than countries in other regions, and many developing countries have corporate income tax rates that are above the worldwide average.