Tax Principles for the Digital Age

Keywords

digital taxation, tax system design, data security

Abstract

The factors guiding recent tax reform efforts are different from those that influenced the debate in 1986, the last time the Internal Revenue Code received a major overhaul. The development of the internet has changed the traditional views of tax rules, administration, and compliance. Design of a tax system today should provide similar incentives for intangible and tangible property, address a broader range of business entities, and consider that people work and live longer.

Protecting taxpayer data in digital form is more important, as is the tax treatment of digital transactions that are becoming increasingly more difficult to source. A set of tax principles can help in tax system design to better ensure administrability, fairness, and economic efficiency. Like tax systems, tax principles should be evaluated regularly to ensure they address today’s ways of living and doing business.

Original Publication Citation

"Tax principles for the digital age", Journal of Accountancy, Edition May 2017, Pages 62-66, AICPA, Durham, North Carolina, 2017

Document Type

Peer-Reviewed Article

Publication Date

2017

Publisher

Journal of Accountancy

Language

English

College

Marriott School of Business

Department

Accountancy

University Standing at Time of Publication

Full Professor

Link to Full Text

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