A recent report released by PricewaterhouseCoopers and The World Bank Group maintains taxing bodies should increase technology use to reduce the tax compliance burdens on taxpayers.
Officials said the report revealed global average results for the compliance burden for business taxation are almost unchanged across four key measures: time to comply, number of payments, Total Tax and Contribution Rate (TTCR), and Post-Filing index.
PricewaterhouseCoopers and The World Bank Group said the fact there has been little change to the global average, despite 113 economies introducing tax reforms over the same period, suggests reforms are limited in nature while emphasizing
Implementation of new technologies for tax compliance can increase the administrative burden, at least in the short term, and such implementation requires careful planning and consultation.
Officials said Paying Taxes 2019 draws upon a comparison of the taxation of business in 190 economies, modeling business taxation in each economy using a medium-sized domestic case study company.
“Technology is transforming the nature of jobs that are available and the skills needed to do them,” Rita Ramalho, from the World Bank Group, said. “This, in turn, is likely to require greater investment in human capital, especially in learning and development. We hope that this report will be of value to all those interested in making tax systems more efficient, whether in government, business, academia or civil society.”