Applications in information technology have come to the fore as the
major strategies used by both tax agencies and businesses to meet
the challenges brought on by the increasing speed, complexity, and
global scope of economic transactions. With these applications
countries can administer existing taxes better, and also change
both the administration and the structure of taxes to better
achieve developmental objectives. Techniques for developing tax
forecasting and tax simulation models are now sufficiently advanced
that even unsophisticated tax departments can use such models to
offer new services, enforce compliance, and identify tax evasion
schemes.
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