Tax law and digitalization : the new frontier for government and business : principles, use cases and outlook

The Resource Tax law and digitalization : the new frontier for government and business : principles, use cases and outlook
Label
Tax law and digitalization : the new frontier for government and business : principles, use cases and outlook
Contributor
Subject
Language
eng
Summary
This book unravels the tremendous potential of 'tax technology' to transform tax compliance positively, showing both governments and businesses how to manage the transition from the old to the new. Albeit we are progressing into an era where the traditional working ways are being disrupted by the mechanization of processes, new technologies are altering the way tax administrations, taxpayers and their advisers interact, effecting a reduction in the compliance cost for taxpayers, a level playing field for large and small businesses and fewer opportunities to engage in aggressive tax practices. Delving deep into the technology available in the tax field, the book elucidates how to secure its benefits in the following ways: electronic balance sheets and invoices; automated transmission to tax authorities; innovative analytics applications; blockchain in tax law processes; process mining in VAT; real-time reporting with cryptography; and meeting the challenges to taxpayers' rights to privacy and personal data protection
Geographic coverage
International
Index
no index present
Language note
English
Literary form
non fiction
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