US: The IRS faces more cuts under Trump
Donald Trump’s election with Republican House and Senate majorities has put the Internal Revenue Service back in the spotlight. The agency lost $20 billion in funding under the latest deal to avoid
Greece’s Independent Authority for Public Revenue (AADE) has introduced a groundbreaking digital client registry, with its pilot phase kicking off today.
Targeting businesses in the automotive sector, including car repair shops, rental companies, tyre services, parking facilities, and car washes, this innovative system aims to curb tax evasion by providing real-time insights into client transactions.
The digital registry will enable AADE to monitor customer activity instantly and cross-reference data with receipts submitted to the myDATA platform. In its initial phase, the system will track key details from automotive businesses, including:
This initiative marks a significant step in Greece’s ongoing efforts to enhance tax compliance and transparency. By leveraging technology, AADE seeks to ensure accurate reporting and reduce undeclared income in high-risk sectors.
Looking ahead, the program is set to expand in its second phase to include event venues, wedding services, gyms, and hotels, broadening its impact across diverse industries. Greek authorities hope this system will serve as a model for other nations tackling similar challenges.
Donald Trump’s election with Republican House and Senate majorities has put the Internal Revenue Service back in the spotlight. The agency lost $20 billion in funding under the latest deal to avoid
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President Donald Trump delivered a fiery speech at the World Economic Forum in Davos, where he sharply criticized the European Union’s treatment of American tech giants such as Apple, Google, and