An evaluation of the legislative and policy response of tax authorities to the digitalisation of the economy

Strauss, Helena; Schutte, Danie; Fawcett, Tyson

doi:10.1080/10291954.2020.1810504

Cited by 4 publications

(9 citation statements)

References 5 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…A comparative analytical study of over 50 countries found that most countries did not specifically amend their income tax legislation to address crypto assets (Strauss, Schutte & Fawcett 2020). This is consistent with the response of SA, where amendments were limited to the addition of crypto assets to the definition of 'financial instrument' and their inclusion as a so-called 'suspect trade', in respect of which losses arising for individuals may be ring-fenced in certain circumstances (Taxation Laws Amendment Act 2019).…”

Section: Taxable Eventsmentioning

confidence: 99%

See 1 more Smart Citation

An analysis of South Africa’s guidance on the income tax consequences of crypto assets

Vumazonke

Parsons²

2023

SAJEMS

View full text Add to dashboard Cite

Background: A media statement issued by the South African Revenue Service (SARS) in 2018 represents the primary guidance available to South African taxpayers on the income tax consequences of crypto asset transactions.Aim: This study assessed the adequacy of the guidelines available to South African taxpayers on the consequences of crypto asset transactions, and identified the income tax consequences for transactions not addressed in these guidelines.Setting: This study compared the scope and depth of the SARS guidelines to guidance issued in other jurisdictions. This distinguishes it from other studies focusing on the theoretical income tax consequences of crypto asset transactions.Method: The first phase of the study was an in-depth documental analysis to benchmark the SARS guidelines against the guidance of tax authorities in other jurisdictions. In the second phase of the study, a doctrinal legal research methodology was adopted to identify the income tax consequences of transactions not addressed by SARS, applying existing legislation and case law, and taking into account the guidance of the other selected tax authorities.Results: The study found that the SARS guidelines did not comprehensively address all the crypto asset transactions addressed by the other selected tax authorities.Conclusion: The study recommended that SARS provide comprehensive guidance to South African taxpayers on the income tax consequences of crypto asset transactions, the development of which would be supported by consequences identified in this study.Contribution: This study contributes to the understanding of, and development of taxpayer guidance to address the income tax consequences of crypto asset transactions in South Africa.

show abstract

Section: Taxable Eventsmentioning

confidence: 99%

“…By contrast, the SARS guidelines addressed only six of the 11 transactions. The transactions covered by SARS were among those found by Strauss et al (2020) to be most frequently addressed by tax administrations.…”

Section: Comparison Of South African Revenue Service Guidelines To Se...mentioning

confidence: 99%

An analysis of South Africa’s guidance on the income tax consequences of crypto assets

Vumazonke

Parsons²

2023

SAJEMS

View full text Add to dashboard Cite

show abstract

“…Even if there are no papers focusing on the impact of broadband coverage and speed on fiscal efficiency, these variables are an indicator of digitalization which is extensively studied. The relationship between digitalization and fiscal performance has been analyzed by several authors [5,7,[14][15][16][17][18][19]. Koniagina [14] emphasized the role played by "digital technology" in raising tax revenues.…”

Section: Literature Reviewmentioning

confidence: 99%

“…There are many works that emphasize the importance of digitalization on the economy in general [1][2][3][4], but also in connection with taxation [5][6][7][8]. According to International Telecommunication Union [1], the developing countries should invest more in creating a better digital infrastructure, as stated in the report appreciating that mobile broadband is "the main digital technology contributing to economic development".…”

Section: Introductionmentioning

confidence: 99%

Combining the Broadband Coverage and Speed to Improve Fiscal System Efficiency in the Eastern European Union Countries

et al. 2022

View full text Add to dashboard Cite

Current challenges triggered by the limited interactions between people and institutions during the pandemic crisis have emphasized the need to strengthen the digitization process of all public services. In this sense, we considered it opportune to carry out research in order to establish the impact of the technological infrastructure, in terms of coverage and download speed, on the efficiency of the fiscal policy expressed by the volume of income from taxes and fees. Therefore, we propose a robust regression model tested with S-estimator that allows for outliers in the dataset. The results indicate that an improvement in download speed has a significant positive effect on the level of tax collection and that a better broadband coverage improves the amount of revenues from taxes and contributions. In the analyzed countries, the technological infrastructure is developing, and the decision-makers should make efforts to reach the targets proposed in the Digital Agenda for Europe in terms of broadband coverage and speed.

show abstract

“…That allowed better analysis of economic processes in the country and helped increase the efficiency of the state economic policy. In the paper by Strauss et al (2020), the world experience of the reaction of tax authorities to digitalization processes is also analyzed. The authors considered the reforms of certain types of taxes implemented in the countries most affected by digitalization.…”

mentioning

confidence: 99%

Digital innovations in taxation: bibliometric analysis

Лагодієнко

Yakushko

2021

MMI

View full text Add to dashboard Cite

Active development of digitalization processes worldwide is changing the usual mode of the operation of all areas of human activity. These processes have a special impact on the development of economic systems. The introduction of new information technologies in economic relations today is the norm and objectively necessary to ensure the competitiveness of national economies. Up to date, the outlined technologies play an essential role in reforming tax systems, which determines the relevance of this sphere of research considering the potential of digitalization and its application in this area. The purpose of the article is to conduct a bibliographic analysis of the state of research papers in the digitalization of tax systems and establish current trends in the scientific development of this system. The systematization of scientific sources and approaches to solving the taxation digitalization problem showed the lack of scientific papers in this area. Accordingly, the urgency of solving this situation is to conduct new research in this area to deepen the understanding of current trends in introducing new innovative technologies from the theoretical, methodological, and practical points of view. The methodical toolkit of the study was the methods of bibliographic and comparative analysis. As the information base to conduct research, the Scopus database was used. The empirical study was conducted using a bibliometric approach known as «the common words analysis» using the VOSviewer software. The analysis of the relevance of the study of taxes and digitalization as a separate scientific category was conducted. It was determined that for the last five years, there had been a significant growth of scientific research in digitalization as an objective process of reality, the analysis of which is studied within various sciences. The categorial relationship between keywords found in scientific papers, where the words «taxes» and «digitalization» are met, is analysed within the article. It made it possible to identify the following areas of research, within which the issues of digitalization of the tax system were studied individually: works related to the study of peculiarities of the international trade development, taxation in online trade; research papers, within which the taxation issues of business entities that do not have a physical location in the countries where they operate are studied; articles, which study the issues of enterprise management, the development of enterprise management in the digital age; papers, which analyse `the issues of reforming tax systems, the introduction of innovations to improve their functioning.

show abstract

An evaluation of the legislative and policy response of tax authorities to the digitalisation of the economy

Cited by 4 publications

References 5 publications

An analysis of South Africa’s guidance on the income tax consequences of crypto assets

An analysis of South Africa’s guidance on the income tax consequences of crypto assets

Combining the Broadband Coverage and Speed to Improve Fiscal System Efficiency in the Eastern European Union Countries

Digital innovations in taxation: bibliometric analysis

Contact Info

Product

Resources

About