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The digital revolution, powered by new technologies and the Internet of Things, is transforming tax administrations around the world. In brief. There is a chance for tax authorities to rethink and redesign tax administration systems as an alternative to introducing new taxes.
Jan 19, 2021 · tax policymakers as the architects of new types of taxes, reliefs and incentives – from altruistic social solutions that address human and environmental conditions, to revenue-focused enforcement mechanisms driven by near-universal digitalization;
5 days ago · Tax systems have evolved from ancient practices to modern processes. With globalization and digitalization shaping tax policies, Malaysia's e-Invoicing initiative exemplifies the shift towards real-time, transparent tax reporting. The future of taxation will see further integration of technology, enhancing compliance and trust in the system.
That is why tax administrations are undertaking the digital transformation and automation of their systems. The adoption of technology can enable successful and sustainable tax reforms, ensure the proper taxation of the digital economy, and reduce the obstacles to compliance.
This report sets out a vision for the digital transformation of tax administration, under which taxation becomes more of a seamless and frictionless process over time.
The dominance of a handful of companies over the path of future technology has been exacer-bated as well by dwindling support from the US government for fundamental research (Gruber and Johnson 2019). In fact, government policy exces-sively encourages automation, especially through the tax code.
Over the past decade tax administrations have made significant progress in taking their long-standing practices and making them digital. But new technologies are creating opportunities for taxation to become much simpler and less burdensome for taxpayers.
