This article looks at how enhanced digitalization of tax administration can raise both taxpayer service and enforcement effectiveness and address potential bottlenecks and barriers to BRI trade and investment.The arti...This article looks at how enhanced digitalization of tax administration can raise both taxpayer service and enforcement effectiveness and address potential bottlenecks and barriers to BRI trade and investment.The article also draws on the extensive experiences from BRI jurisdictions and elsewhere in the world,points to potential learning points for BRI tax administrations.展开更多
BEPS 2.0 is set to have a profound effect on the Belt and Road jurisdic-tions’ tax certainty environment. In the initial stage, a heightening of tax uncertainty can be envisioned, though in the longer term there is r...BEPS 2.0 is set to have a profound effect on the Belt and Road jurisdic-tions’ tax certainty environment. In the initial stage, a heightening of tax uncertainty can be envisioned, though in the longer term there is reason to be optimistic that a new and more certain BRI tax environment will emerge, in which the BRITACOM can play a crucial role.展开更多
The use of Al may give rise to substantial benefits but also significant risks for revenue authorities.This paper provides a brief outline of the perceived strengths and weaknesses of Al and potential use of Al in tax...The use of Al may give rise to substantial benefits but also significant risks for revenue authorities.This paper provides a brief outline of the perceived strengths and weaknesses of Al and potential use of Al in tax administration.These include the use of Al in risk assessment such as the selection of taxpayers for review or audit,the detection of fraud,nearest neighbour guidance,predictive analysis,anticipating changes in behaviours,improving revenue authorities'internal efficiency including transfer pricing benchmarking,and providing support and guidance to taxpayers through chatbots.Revenue authorities are strong candidates for the use of Al given that data is central to what they do.The paper postulates more than 20principles which could form the basis of an ethical framework for revenue authorities including policies on transparency,communication,traceability,explainability,human supervision,processes for the rectification of errors,data protection,privacy and cyber-security.We believe that the adoption of these policies will reduce risks to revenue authorities and build trust in tax systems.We also believe that sharing best practices amongst revenue authorities should be a clear BRITACOM initiative consistent with its aims and objectives.展开更多
The OECD/G20 Inclusive Framework(IF)on Base Erosion and Profit Shifting(BEPS)has substantially finalized the model rules and much of the guidance for the so-called“Pillar 2”global minimum tax,while work continues on...The OECD/G20 Inclusive Framework(IF)on Base Erosion and Profit Shifting(BEPS)has substantially finalized the model rules and much of the guidance for the so-called“Pillar 2”global minimum tax,while work continues on the so-called“Pillar 1”new taxing rights for market jurisdictions.As many BRI jurisdictions are among the 141 IF members,there is value in starting to consider the long-term implications of the new global tax system,and the extent to which the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM),through the four core work areas of the Nur-Sultan Action Plan(2022-2024),can contribute to ensuring that BRI jurisdictions manage the transition for maximum benefit.展开更多
文摘This article looks at how enhanced digitalization of tax administration can raise both taxpayer service and enforcement effectiveness and address potential bottlenecks and barriers to BRI trade and investment.The article also draws on the extensive experiences from BRI jurisdictions and elsewhere in the world,points to potential learning points for BRI tax administrations.
文摘BEPS 2.0 is set to have a profound effect on the Belt and Road jurisdic-tions’ tax certainty environment. In the initial stage, a heightening of tax uncertainty can be envisioned, though in the longer term there is reason to be optimistic that a new and more certain BRI tax environment will emerge, in which the BRITACOM can play a crucial role.
文摘The use of Al may give rise to substantial benefits but also significant risks for revenue authorities.This paper provides a brief outline of the perceived strengths and weaknesses of Al and potential use of Al in tax administration.These include the use of Al in risk assessment such as the selection of taxpayers for review or audit,the detection of fraud,nearest neighbour guidance,predictive analysis,anticipating changes in behaviours,improving revenue authorities'internal efficiency including transfer pricing benchmarking,and providing support and guidance to taxpayers through chatbots.Revenue authorities are strong candidates for the use of Al given that data is central to what they do.The paper postulates more than 20principles which could form the basis of an ethical framework for revenue authorities including policies on transparency,communication,traceability,explainability,human supervision,processes for the rectification of errors,data protection,privacy and cyber-security.We believe that the adoption of these policies will reduce risks to revenue authorities and build trust in tax systems.We also believe that sharing best practices amongst revenue authorities should be a clear BRITACOM initiative consistent with its aims and objectives.
文摘The OECD/G20 Inclusive Framework(IF)on Base Erosion and Profit Shifting(BEPS)has substantially finalized the model rules and much of the guidance for the so-called“Pillar 2”global minimum tax,while work continues on the so-called“Pillar 1”new taxing rights for market jurisdictions.As many BRI jurisdictions are among the 141 IF members,there is value in starting to consider the long-term implications of the new global tax system,and the extent to which the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM),through the four core work areas of the Nur-Sultan Action Plan(2022-2024),can contribute to ensuring that BRI jurisdictions manage the transition for maximum benefit.
