Tax Administrations Urged To Start Small With Blockchain

Law360, Vienna (February 25, 2020, 3:06 PM EST) -- Tax administrations looking to use blockchain technology should start with small, transaction-based taxes before attempting to use the technology to tackle large-scale fraud and evasion, tax specialists said at a recent conference. 

Tax authorities should first use the technology for projects that are likely to be relatively straightforward and easy to generate success, Dennis Post, a blockchain and tax leader with EY, said Saturday during a conference hosted by the WU Transfer Pricing Center at the Vienna University of Economics and Business.

“Start with the smallest tax you can imagine,” Post said. “You don’t start with combating value-added tax fraud in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!