The importance of a modern tax system


The use of technology enables tax administrators to better use analytics and to address the gaps in the tax system and improve trust among taxpayers.

IT is believed that taxation started about 5,000 years ago in ancient Egypt where the Pharaoh collected 20% of grain harvests as a tax equivalent at the time.

Much like how the world has changed, tax systems too have gone through countless revisions throughout history, giving us the modern tax system that we have today.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Insight

Continuity and change from NAM to BRICS
Asia’s growing economic power shapes global derivatives market
Save, invest and outpace inflation
Corruption fight must go deeper
What performance truly means
Time is money, really
Rise of the machines
Addressing FBM KLCI’s weaknesses
US inflation – it’s stronger than it looks
China’s new growth strategy needs a reality check

Others Also Read