Plenary Session II
As a result of the fiscal stimulus measures introduced by governments across the world, budget deficits continue to increase. One way governments will look to reduce these deficits is to increase tax revenues through the stricter enforcement of existing taxes. Meaning many governments will look to technology as a safe and effective solution. Indirect taxes are likely to be a low-hanging fruit as they are the simplest taxes to calculate and collect for authorities. Prior to the pandemic, many authorities were focused on improving compliance and increasing revenue through technology. Now, it is likely that COVID-19 will act as a catalyst for these changes.