Читать книгу Global Tax Governance. Taxation on Digital Economy, Transfer Pricing and Litigation in Tax Matters (MAPs + ADR) Policies for Global Sustainability. Ongoing U.N. 2030 (SDG) and Addis Ababa Agendas онлайн
64 страница из 100
Having all the relevant information in one place makes it easier for tax authorities to notice any tax evasion or criminal activity by companies. Artificial intelligence can also help with making predictions and ensuring full compliance. But from the taxpayers’ perspective, what benefits can they gain from the digitalization of tax information besides making it easier to comply?
During the pandemic, having all this information available could have helped implement tax policies in 2020, that support the supply of materials for epidemic control and mitigate difficulties faced by businesses and the most vulnerable citizens. Tax information collected quickly and accurately is invaluable in monitoring economy activity, especially in the aftermath of economic shocks, in supporting virus control and treatment efforts, the data identify individuals and businesses that should receive tax exemptions and moratoriums, support material supply, and encourage charitable donations. E-invoices can be used to identify the best price available, increasing transparency and speed in the bid process and helping citizens to save money. Also, taxpayers can receive real-time VAT refunds automatically as they make their purchases.