Descripción del título
Blocking the gap the potent...
This article explores blockchain technology as the most optimal solution to tackle the challenge of VAT non-compliance in EU. Focusing on the design aspects of security, transparency, and efficiency, the article argues that blockchain provides the opportunity to tackle non-compliance whilst achieving a balance in both taxpayers wants and tax authorities needs. Utilizing current examples of blockchain implementation, as well as a specific VAT Coin proposal, it is demonstrated that a blockchain solution can come in many forms; be it a public, private or consortium blockchain, with each type respectively achieving compliance whilst prioritizing different aspects of data security and privacy. Ultimately, it is indicated that a blockchain-based VAT system has the potential to enable a significant reduction in the risk of non-compliance, whilst streamlining taxpayer obligations and protecting valuable datasets
Analítica
analitica Rebiun31244837 https://catalogo.rebiun.org/rebiun/record/Rebiun31244837 ta 220824t2022 ne ||||| |||| 00| 0|eng d IEF (8618) ES-MaIEF spa ES-MaIEF Alexander, George Blocking the gap the potential for blockchain technology to secure VAT compliance George Alexander Resumen This article explores blockchain technology as the most optimal solution to tackle the challenge of VAT non-compliance in EU. Focusing on the design aspects of security, transparency, and efficiency, the article argues that blockchain provides the opportunity to tackle non-compliance whilst achieving a balance in both taxpayers wants and tax authorities needs. Utilizing current examples of blockchain implementation, as well as a specific VAT Coin proposal, it is demonstrated that a blockchain solution can come in many forms; be it a public, private or consortium blockchain, with each type respectively achieving compliance whilst prioritizing different aspects of data security and privacy. Ultimately, it is indicated that a blockchain-based VAT system has the potential to enable a significant reduction in the risk of non-compliance, whilst streamlining taxpayer obligations and protecting valuable datasets Impuesto sobre el valor añadido RECAUDACION BLOCKCHAIN Criptomoneda Cumplimiento fiscal Unión Europea OP 2141-B/2022/3 EC Tax Review (IEF)124968 0928-2750 [print] v. 31, n. 3, June 2022, p. 140-155 EC Tax Review v. 31, n. 3, June 2022, p. 140-155 0928-2750 [print]