Powerful Information and Communication Technology -based inventions like Blockchain, Machine Learning and Artificial Intelligence are making tax collection difficult.
Nami spoke on Tuesday in Abuja at the start of a 3-day capacity building seminar for tax administrators from across West Africa, which the FIRS is hosting in collaboration with the West African Tax Administration Forum and the Inter-American Center for Tax Administrations . This he said is possible “because they have created new, fluid, hard-to-trace ways of doing business that makes it difficult for revenue agencies to tax their transactions.”
Consequently, the FIRS chairman stressed that “it is important for Managers of Human Resources in Tax Administrations to recognize the dynamics of changes occurring in the world in terms of the way businesses are being done and reported.”
F***ing trash! I guess Mr Nami doesn't know anything about Block-chain technology cos thats my field.
Threat to embezzlement