Governments becoming more cutting edge on tax

More and more countries are using technology to review businesses’ financial records directly, and many companies are ill-prepared for the change.

Tax authorities must evaluate and approve the information on it before the transaction it covers can proceed. In effect, the authorities now know of every sale before it is legally completed and can block ones where they dispute the level of indirect tax.
“Many companies are surprisingly ill-prepared for the technological requirements governments are imposing and their implications.“
Governments becoming more cutting edge on tax