Orly Mazur (SMU; Google Scholar), Can Blockchain Revolutionize Tax Administration?, 127 Penn St. L. Rev. 115 (2022): 

Consultants predict that the usage of sensible contracts and different functions of blockchain know-how might revolutionize the way wherein we do enterprise. Blockchain know-how guarantees the elimination of middlemen, elevated belief and transparency, and improved entry to shared data and data. Thus, it’s no shock that corporations and entrepreneurs are growing blockchain options for an array of markets, starting from actual property to well being care. However can this new know-how revolutionize tax administration?

This Article is the primary to contemplate blockchain know-how’s position in addressing the shortcomings of our present administration system— particularly, a big tax hole, excessive compliance and administrative prices, and operational inefficiencies.

To mitigate these issues, this Article introduces two revolutionary makes use of of blockchain know-how within the tax house: a blockchain-based platform for data returns and a blockchain-based platform for digital invoices. Implementing these blockchain-based platforms for tax administration presents vital alternatives to digitalize and automate sure tax processes, enhance tax compliance and enforcement, and decrease many inefficiencies at the moment concerned within the tax administration course of.

This Article additionally considers the broader implications of utilizing know-how to enhance tax administration by demonstrating that any blockchain tax initiative is unlikely to make significant enhancements to tax processes with out further authorities motion. It, due to this fact, units forth normative steps for policymakers to absorb supporting the usage of blockchain and different applied sciences within the tax house. By doing so, this Article promotes a proactive strategy to exploring and understanding blockchain know-how’s advantages, limitations, and implications to finally place the federal government in the perfect place to modernize our tax administration system. 

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