The Concept of the Integrated Accounting, Operational Financial Control and Tax Collection

10 Pages Posted: 3 Apr 2010

Date Written: March 1, 2010

Abstract

A fundamentally new concept is proposed on how to create a government electronic platform to be shared by the companies and the government regulatory institutions. Commercial and fiscal software applications are executed on the servers within the state network. Applications are run through the remote data access via Internet services based on cloud computing. Database of each taxpayer is available both to the company and the respective fiscal services. The commercial applications are used by every taxpayer to register all of the corporate accounting operations. The fiscal applications are used by the government bodies to control the taxpayers’ financial operations and to calculate and withdraw taxes directly on the basis of accounting information. The implementation of the proposed system will considerably decrease the companies’ expenses on staff, computers and software, will speed up the commercial interaction and exclude the possibility of carrying out the illegal operations. The number of the regular employees in the tax and other government bodies will be reduced. The creation of proposed system will help quickly overcome the shadow economy and the corruption, especially in the developing countries and in the countries of former Soviet Union.

Keywords: economics, accounting, taxation, information, internet, shadow economy, corruption, financial control

JEL Classification: C8, H2, K4, M4, P4

Suggested Citation

Aliev, Arslan Salekh-ogly, The Concept of the Integrated Accounting, Operational Financial Control and Tax Collection (March 1, 2010). Available at SSRN: https://ssrn.com/abstract=1581323 or http://dx.doi.org/10.2139/ssrn.1581323

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