Technology Improving Tax Systems In Some Countries: Report

Law360 (November 21, 2018, 6:36 PM EST) -- While some economies have continued to integrate new technology to improve their systems for the benefit of taxpayers as well as tax authorities, other countries have trailed behind, introducing new taxes without technological advances, according to a report released Wednesday by PwC and the World Bank.

Technology advancements have made tax compliance easier, according to a new report from PwC and the World Bank. (AP) The report discussed how technological developments such as tax software, reporting systems and data analytics affected tax systems in terms of how economies raise revenue and what they levy taxes on.

According to the report, since 2004,...

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