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By Thierry BOVIER, Partner and Sergio Ruiz De GRACIA, Senior Consultant, Deloitte Luxembourg
Data use and management: The latest front on the tax battlefield
The amount of data being created, captured, copied and consumed has exploded worldwide, reaching 59 zettabytes in 2020. Fuelling this ever-expanding data sphere is the rocketing growth of digitalization (Holst, 2021). As a sizable part of this ocean of data pertains to tax, tax authorities are boosting their data extraction, management and analytics skills, a trend further heightened by the COVID-19 pandemic.
New technologies: an ace up tax authorities’ sleeve
Tax authorities are already several years into their enhancement journeys of their...
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