Taxation and the digital economy
Article Abstract:
The emergence of the digital global economy may transform tax administration and procedure. An important area that is expected to be affected is the ability of governments to charge differential tax rates, a power that is crucial in controlling economies and determining the political entity of nationhood itself. With the Internet allowing companies to conduct business operations anywhere in the world, governments in national jurisdictions will no longer have the same flexibility to impose differential rates. Technologically savvy organizations can easily transfer from one jurisdiction to another depending on the tax advantages offered by the jurisdictions. Another possible impact of technological innovations on tax regimes is the consideration of more individual traits. Because of increased taxpayer information, it may be possible that personal data other than the usual, such as income, marriage status and purchased goods, will be used as bases for tax rates.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1997
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Digital accountability
Article Abstract:
The advent of the Internet and other information technologies can improve the effectiveness of corporate reports. Companies publish these reports to disseminate information to guide the decision-making of investors, potential investors, creditors, tax authorities and other interested parties. They do so to comply with regulations and to attract or improve relations with stakeholders. Traditional, paper-based reports have a number of limitations. They are often criticized for not containing enough information or for including too much information that are not relevant to the user's individual needs. In contrast, corporate reporting through online multimedia technology enables companies to add value by allowing various stakeholders to select only the information they need in a timely manner.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1997
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Old-fashioned theft in a high-tech environment
Article Abstract:
The increase in the use of computers in business has led to an increase in computer-based fraud. Computer-based fraud comes in three areas: input, processing, and output. Input-related fraud is the most common and entails the entry of false data or data that has been altered in order to affect a fraudulent disbursement of funds. Commercial concerns in the UK currently are taking computer security seriously to prevent such white-collar crimes as computer-based fraud, although the government has yet to pass legislation addressing the situation. Testimony in Parliament revealed that there was only one police officer with extensive experience in computer-based fraud and only 45 officers with basic training in detecting such fraud, a situation unlikely to deter future computer-based fraud.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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