These include data scarcity and associated quantitative and qualitative modeling limitations, concerns about falsified data, as well as open questions regarding the capacity of relatively few rating analysts to properly cover tremendously complex entities.
Its creation is a response to the complex web of entities and transactions many high-net-worth individuals use to manage their financial affairs.
On Monday, the Subcommittee said Apple had used "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes.
It will link so many entities together in such complex relationships as to resemble a map made by a drunken spider with inky feet.
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Buying municipal bonds is more complex than buying stocks, especially since government entities can have bonds with varying maturities and yields.
As this evolved, IT entities built layer upon layer of technologies into a complex labyrinth to meet growing business needs.
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And while tax law is famously complex, it is even more complex when you look at the nuances of businesses and business entities that already file big and opaque tax returns.
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The national sales tax is rife with problems which its evangelists refuse to acknowledge, such as the extremely problematic treatment of interest paid on taxed purchases, the way in which it turns churches into taxable entities, and the ways in which sales taxes in Europe have become progressively more complex as time has gone on.
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This challenge has been rendered even more complex by the changing geostrategic environment, the proliferation of advanced technologies, and the rise of new political entities that could pose a significant threat to U.S. national interests.
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