Doing Business 2016 World Rankings Released
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Of the top ten countries rated by the World Bank as the most friendly to business, all leverage XBRL to some extent in their regulatory reporting. And 8 of the 10 are members of the consortium. We don’t think that’s a mere coincidence. And although XBRL doesn’t get called out by name, the article does cite online business registry systems as part of the reason that Singapore (#1 overall) and Denmark (#1 in Europe) rank so highly. Both are XBRL based. Learn more.