What are we talking about? During the recent CIAT General Assembly, last April, and the IOTA General Assembly in June 2017, there were numerous references to the progress made by the world’s tax administrations in the field of public revenue management; There is much merit in the various initiatives that…
1,595 total views, 1 views today
I follow global tax compliance across continents closely and what can be seen is a clear trend of Tax Administrations (TAs) introducing increased technology-based real-time tax controls. Such controls include e-invoice clearance, e-ledgers and e-accounting, among others. Unfortunately, I’ve seen many real-life cases in different countries where the TAs issue…
1,798 total views, 1 views today
Ever since it was established over 50 years ago, CIAT has been supporting the needs, concerns and progress of its member countries in the sphere of international taxation. Just to mention a few examples, in the 80’s, the first regional model for the exchange of information for tax purposes was…
1,586 total views, 1 views today
4. PRACTICAL PROPOSALS FOR USE IN THE TAX ADMINISTRATION: PRESENTATION AND COMMENTS (continued) 4.2 VATCoin – the cryptocurrency for VAT payments in GCC countries[1] Ainsworth, Alwohaibi & Cheetham[2] propose for the Gulf Cooperation Council (GCC) the joint adoption of the DICE model (accepted in the EU) to be implemented in…
4,433 total views, 1 views today
4. PROPOSALS FOR THE TAX ADMINISTRATION PRACTICES: PRESENTATION AND COMMENTS 4.1 Fighting VAT fraud in the European Union[1] VAT fraud in the European Union (EU) are estimated between € 50 and € 60 billion annually by the MTIC process (Missing Trader Intra-Community). Basically the MTIC takes place in an intra-Community…
6,143 total views, 1 views today
1. BITCOIN: ORIGIN Presented in 2008 by Satoshi Nakamoto (pseudonym of a person or group of persons not yet identified), the concept of digital currency or cryptocurrency Bitcoin brought the blockchain technology as a support for its implementation. Without any central control point, Bitcoin utilizes the blockchain technology to connect…
18,204 total views, 2 views today