On 17 and 18 November in Brussels, the European Commission and the IMF jointly hosted a conference on ‘taxation, investment and innovation’, addressing issues including:
· why taxation matters for economic growth;
· how fiscal incentives support knowledge creation;
· how tax systems can help grow innovation leaders;
· challenges and opportunities from tax and the collaborative economy; and
· how technological advances will change taxation over the next decade.
Tax administrations must look further ahead at technology trends that are on the rise, understand their implications for the tax system and collaborate with the criminal justice system to tackle evasion and fraud.
Globalisation and digitalisation are ‘unstoppable forces’, said Rita de la Feria, professor of tax law at the University of Leeds. We need to ‘face the challenges, embrace the opportunities that new technologies bring, and adapt our laws’.
On 17 and 18 November in Brussels, the European Commission and the IMF jointly hosted a conference on ‘taxation, investment and innovation’, addressing issues including:
· why taxation matters for economic growth;
· how fiscal incentives support knowledge creation;
· how tax systems can help grow innovation leaders;
· challenges and opportunities from tax and the collaborative economy; and
· how technological advances will change taxation over the next decade.
Tax administrations must look further ahead at technology trends that are on the rise, understand their implications for the tax system and collaborate with the criminal justice system to tackle evasion and fraud.
Globalisation and digitalisation are ‘unstoppable forces’, said Rita de la Feria, professor of tax law at the University of Leeds. We need to ‘face the challenges, embrace the opportunities that new technologies bring, and adapt our laws’.
