Tax Challenges of the Digital Economy

Gulkova, Elena L.; Karp, Marina V.; Tipalina, M. V.

doi:10.26425/1816-4277-2019-4-89-95

Cited by 15 publications

(4 citation statements)

References 2 publications

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“…According to a witty remark, "to stay ahead of competitors in digitalization, it is enough to use electronic document management, CRM, online advertising and free antivirus." [15] To prove the above, we need to highlight the promotion of a more stable European banking system has become a priority which, not doubt, will bring important benefits to firms. However, bank stability comes with stronger regulations that could harm the access to finance of small and medium-sized enterprises (SMEs), which are highly dependent on bank financing.…”

Section: Discussionmentioning

confidence: 99%

Financial system in the conditions of digitalization of the modern economy

2021

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This article is devoted to the consideration of the features of the financial system in the context of the digitalization of the modern economy. The authors cite the key aspects of the methodology of scientific knowledge of digital transformation. The methodological approach to defining the digital economy in the financial system is considered. So, as the materials of the theoretical part of the study, the collection, systematization, analysis of data and statistical reference books of the Territorial Body of the Federal State Statistics Service for the Republic of Bashkortostan, reports of the Government of the Republic were used, materials were analyzed to determine the Digital Russia index of the Moscow School of Management Skolkovo and others. numerous open sources of information. The collection and analysis of quantitative and qualitative indicators of digital inequality in the Republic of Bashkortostan was carried out, statistics of indicators of digitalization of the tax system of the Republic were considered

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Section: Discussionmentioning

confidence: 99%

Financial system in the conditions of digitalization of the modern economy

2021

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“…The sharp expansion is attributed to digital transformation and the 4IR (Bunn et al, 2020;Kelbesa, 2020). This increase was further fuelled by the Covid-19 pandemic which did not only transform lives, human interactions, and the ways companies undertake business activities (Mhlanga & Moloi, 2020), but also brought challenges to sustainable tax revenue mobilisation (Akpen;Audu & Ishola, 2021;Gulkova, Karp, & Tipalina, 2019;Olbert & Spengel, 2017). African countries were heavily affected (Latif, 2020;Ndajiwo, 2020).…”

Section: Taxation Of the Digital Economymentioning

confidence: 99%

Sustainable mobilisation of tax revenues to enhance economic growth in Sub-Saharan Africa: Challenges, opportunities, and possible areas of reform

Mpofu

2022

IJRBS

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Domestic revenue mobilisation is fundamental if African countries are to fund investments in health, education, infrastructural development, economic growth, human capital development, security, and prosperity to attain the Sustainable Development Goals by 2030. Some goals focus on eradicating poverty, reducing inequalities, strengthening institutions, and providing decent work. This requires resources and investment, yet Sub-Saharan African countries continuously struggle to mobilise enough revenue to meet basic government objectives. Through a critical literature review, this paper focuses on sustainable tax revenue mobilisation in Sub-Saharan African Countries, discussing the challenges, opportunities, and prospects for possible amelioration of tax systems. Challenges identified to explain the ineffectiveness of revenue mobilisation in these countries include the presence of a significant informal sector, weak tax administration capacities, the growth in the digital economy, corruption, governance quality, and increased tax avoidance and evasion by multinational companies. Possible prospects include taxation of the digital economy, taxing the informal sector, the capacitation of tax authorities, and the broadening of tax bases.

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“…The traditional tax control model gets modified in conditions of digitization, like the big business, in fact, consists of independent institutions having sophisticated structure and working in the global financial markets, which enables them to perform strategic tax planning and keeping tax payments at a minimum. So the necessity to drastically change the methodological tax control toolkit is predetermined in conditions of globalization of financial markets and integration of the international economic processes (Gulkova et al, 2019).…”

Section: Models Of Tax Controlmentioning

confidence: 99%

Tax Control Development in the Conditions of Economy Digitization

Matkovskaya

Dyakonova

2019

HSSR

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Purpose of the study: Consider the development of tax control in the conditions of digitization of the economy. Methodology: The following methods were used for conducting the research: dialectics, comparison, contrasting, analysis and forecasting. Main Findings: Digitization is a way to streamline tax control, which has been confirmed by data as well as by comparison of tax control models used in the leading countries of the world and in Russia. Based on the analysis conducted, the conclusion has been made about digitization and the tax models in use were positively associated. Applications of this study: Russia has to accelerate its rates of digitization, which requires improving the law, methodological toolkit and at times borrowing advanced tax control methods applied in the foreign countries that rely on high information technologies, uniform methodological approaches, and tools used both by taxpayers and tax authorities. Novelty/Originality of this study: The paper presents a review of scales and features of digitization of the economy in the world's leading countries, trends of further development are described, and the digital economy level in the world GDP is outlined.

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Tax Challenges of the Digital Economy

Cited by 15 publications

References 2 publications

Financial system in the conditions of digitalization of the modern economy

Financial system in the conditions of digitalization of the modern economy

Sustainable mobilisation of tax revenues to enhance economic growth in Sub-Saharan Africa: Challenges, opportunities, and possible areas of reform

Tax Control Development in the Conditions of Economy Digitization

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