Every year tax administrations in foreign countries increase ICT spendings by 20%

Every year tax administrations in foreign countries increase ICT spendings by 20%
According to information provided by ‘ICTnews’, the increase in ICT spendings was observed in foreign countries even during the world financial crises.

The Minister of Taxes’ Adviser on relations with international financial structures and organizational issues, 3rd rank state tax service councilor, Asaf Asadov, while speaking on the matter, said that the steady development of tax administrations is insured through strengthening their analytical potential and availability of highly skilled personnel capable of using modern analytic and information technologies. 
       
‘During 2005-2010 the Australian tax administration, which became known for its innovations in the taxation sphere, spend 800,000,000 dollars on the implementation of IT Modernization Project titled ‘ATO Change Program’ in order to strengthen its IT infrastructure, web-portal and analytic potential.   

These facts once again underline the importance of the role information technologies play in tax administration. Today’s information systems must enhance the formation of IT based tax administration in the following main four directions:

• Achieving high productivity with minimal expenditures
• Individual approach
• Risk assessment
• Intellectual analyses      

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