About this book:
Tax Law and Digitalization: The New Frontier for Government and Business is a fundamental book that 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.
What’s in this book:
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.
The contributions present in this book were presented at a conference held under the auspices of the Digital Economy Taxation Network at the Vienna University of Economics and Business in December 2020.
How this will help you:
The perspective throughout focuses on how to achieve better tax compliance at a lower cost. Consequently, this exhaustive, pragmatic guide on how to adapt tax law to new technologies and how to apply tax tech processes in practice will be appreciated by tax practitioners, tax administrations, and academics throughout the entire tax community.
|Product Line||Kluwer Law International|
CHAPTER 1 Digitalization of the Tax and Trade Functions: An Overview of Tax Technology Trends from the Perspective of Business Informatics
Alexander Beuther, Sebastian Stephan & Peter Fettke
CHAPTER 2 Digital Tax Administration 4.0: Towards a Distributed Tax System
Dennis R. Post
CHAPTER 3 Blockchain in the Tax Law Processes
Matthias Gries, Karl Guerges & Michael Tobai
CHAPTER 4 Process Mining in VAT
CHAPTER 5 Using New Technologies to Improve Existing VAT/GST Systems
CHAPTER 6 The Potential for Emerging Technologies and Blockchain to Better Secure VAT in the Context of Missing Trader Intra-Community and Carousel Frauds
Jérôme Duperrut & Philippe Thevoz
CHAPTER 7 Introduction to Invoice Hashing for Governments: Securing Real-Time Reporting with Cryptography
CHAPTER 8 The Change of Paradigm of Tax Transparency and Its Challenges to Taxpayers’ Rights to Privacy and Personal Data Protection
CHAPTER 9 Using New Technologies to Improve Existing VAT Systems
CHAPTER 10 Tax Administration in a Post-digital Era: A Tax Authority Perspective
CHAPTER 11 Electronic Fiscal Invoices