Tax Operate has been saved
Reimagining the way tax operates for the future
In modern economies, taxes are the most important sources of governments revenue for public spending and building infrastructure for the people. Efforts to strengthen the enforcement of tax compliance by governments have included investments in building improved assessment and audit capacities, new technologies designed to reduce the scope for tax avoidance, improved collection methods, efforts to expand access to third-party information and policy changes designed to reduce the scope for evasion.
In the past years, tax authorities have been adopting new technologies to improve the ways tax is administered, reported and managed.
But recent history suggests that the wave of digitization will fundamentally change the relationship between tax authorities and taxpayers. Tax leaders also are already facing disruption with the emergence of new business and operating models, as well as the varied challenges posed by rapidly changing compliance obligations and evolving international tax policy.