Blockchain’s potential and opportunities for tax administrations: a systematic review

Nascimento, Lara; Silva, Paulo Da; Peres, C. B.

doi:10.1109/bcca53669.2021.9657036

Cited by 2 publications

(1 citation statement)

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“…Their study highlights how blockchain technology can contribute to higher revenue levels and improved compliance tracking by offering features such as security, immutability, and real-time information. This can lead to a reduction in tax evasion and fraud, while taxpayers benefit from reduced compliance costs and better experiences through more efficient processes (Nascimento, Da Silva & Peres, 2021). The combination of AI and blockchain technologies also offers the potential for predictive analytics in tax administration.…”

Section: Potential Benefits Of Ai and Blockchain In Tax Administrationmentioning

confidence: 99%

Evolving Tax Compliance in the Digital Era: A Comparative Analysis of Ai-Driven Models and Blockchain Technology in U.S. Tax Administration

Odunayo Adewunmi Adelekan,

Olawale Adisa,

Bamidele Segun Ilugbusi

et al. 2024

Comput. sci. IT res. j.

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This paper aims to provide a comprehensive review of the integration of artificial intelligence (AI) and blockchain technology in U.S. tax administration. It explores how these technologies are revolutionizing tax compliance and fraud detection, offering a comparative analysis with traditional methods. The paper highlights the potential benefits of these technologies in enhancing efficiency, accuracy, and transparency in tax administration, aligning with the U.S. government's objectives of ensuring fiscal integrity and public trust. The review also examines international best practices and proposes how the U.S. can leverage these technologies to maintain its global leadership in financial governance and innovation. The study is structured around four key objectives: assessing the current integration of AI and blockchain in tax administration, evaluating their effectiveness in enhancing tax compliance, identifying implementation challenges, and developing strategic recommendations. Employing a comprehensive literature review approach, the study synthesizes findings from various sources to provide an in-depth understanding of the role and impact of these technologies in modern tax systems. The results reveal that AI and blockchain significantly improve tax compliance and administration efficiency but also introduce challenges such as data privacy concerns and the need for robust regulatory frameworks. In conclusion, the study underscores the transformative potential of AI and blockchain in tax administration, recommending continuous research and development, coupled with stakeholder education and engagement. These efforts are crucial for overcoming operational challenges and fully harnessing the benefits of these technologies in modernizing tax systems. The paper concludes with strategic recommendations for policymakers, tax authorities, and researchers, emphasizing the importance of a balanced approach that fosters technological innovation while maintaining legal compliance and adherence to fundamental principles. Keywords: Artificial Intelligence, Blockchain, Tax Administration, Tax Compliance, Digital Transformation, Financial Governance.

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Section: Potential Benefits Of Ai and Blockchain In Tax Administrationmentioning

confidence: 99%

Evolving Tax Compliance in the Digital Era: A Comparative Analysis of Ai-Driven Models and Blockchain Technology in U.S. Tax Administration

Odunayo Adewunmi Adelekan,

Olawale Adisa,

Bamidele Segun Ilugbusi

et al. 2024

Comput. sci. IT res. j.

View full text Add to dashboard Cite

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Blockchain-Based Countermeasures for Luxury Goods Counterfeiting: A Focused Survey

Jevtic,

Khan,

Gomes

et al. 2023

2023 Fifth International Conference on Blockchain Computing and Applications (BCCA)

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Blockchain’s potential and opportunities for tax administrations: a systematic review

Cited by 2 publications

References 20 publications

Evolving Tax Compliance in the Digital Era: A Comparative Analysis of Ai-Driven Models and Blockchain Technology in U.S. Tax Administration

Evolving Tax Compliance in the Digital Era: A Comparative Analysis of Ai-Driven Models and Blockchain Technology in U.S. Tax Administration

Blockchain-Based Countermeasures for Luxury Goods Counterfeiting: A Focused Survey

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