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Get a comprehensive overview of the current tax-technology dynamic from IBFD.
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“Perfect storm” no longer suffices when describing the manifold tax management challenges for online sellers.
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The “robot tax” debate is heating up, according to the Wall Street Journal. Bill Gates has called for a tax on certain forms of advanced automation, and so has New York Mayor Bill de Blasio.
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In addition to delivering rock-solid compliance, the right platform can power accurate real-time transactions.
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As the technology’s role in trade expands, tax authorities are, of course, taking notice.
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It’s not just businesses that are embracing distributed ledger technologies. Tax administrations have powerful incentives for adoption, too.
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Pilots and projects are starting to emerge in businesses and government agencies alike. What does blockchain mean for the future of taxation?
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Lured by the cost and control benefits, CFOs are making their opening moves on blockchain.
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The EU reports that it loses almost 150 billion euros a year to VAT fraud. As such, new options to reduce this loss are on the table.
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Blockchain is evolving at a phenomenal pace and tax leaders will want to keep an eye on this advanced technology. Tax executives should also monitor regulators’ – somewhat lagging – strategies to address potential challenges caused by the technology’s use.
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By now, most tax professionals are aware of blockchain and related distributed ledger systems and the rise of what some pundits refer to as the “Internet of Value.”
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As I noted in a previous post, blockchain applications are emerging rapidly, and tax leaders should keep a close eye on this disruptive technology.
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