scholarly journals Digital Service Tax

2020 ◽  
pp. 14-27
Author(s):  
Klemens Katterbauer
Keyword(s):  
Artificial Intelligence ◽  
World Economy ◽  
Strong Preference ◽  
Physical Location ◽  
Digital Service ◽  
Digital Services ◽  
Artificial Intelligence Methods ◽  
The World ◽  
The Right ◽  
Conventional Services

Digital services have significantly transformed the world economy and significantly challenged existing taxation regulations worldwide. The intangible nature of digital services challenges the taxation of conventional services that have a physical location of where the services is performed and where the right of taxation derives from. Therefore, the need for adequate regulations related to the taxation of digital services has become ever more prominent with various proposals and implementations. The article provides a case content – inferential statistics research on determining whether a digital service tax or the nexus of a significant digital presence may be more applicable for overcoming the challenges posed by the digital services. Additionally, the benefits of artificial intelligence methods in assisting in the taxation of digital services are outlined. The results outline strong preference for the digital service tax as a means to overcome the discrepancy between income related taxation frameworks in various jurisdictions and outlines the strong benefits artificial intelligence methods may have in supporting taxation.

scholarly journals ON THE IMPACT OF DIGITAL TRANSFORMATION ON THE ECONOMY

2020 ◽  
pp. 32-38
Author(s):  
I. V. Goman ◽  
I. N. Shakhtarina
Keyword(s):  
Artificial Intelligence ◽  
World Economy ◽  
Digital Transformation ◽  
The World ◽  
The Impact

The article is devoted to the study of the impact global digitalization on the economy. The analysis of the development of technologies, including digital ones, and their impact on the world economy was carried out. Historical works describing possible changes in the mechanism of benefits distribution were studied. The main concerns related to digitalization, creation of artificial intelligence and global robotization were considered. Assumptions regarding possible development of the economy were made.

scholarly journals Modern trends and problems of the global intellectual property market development

2021 ◽  
Vol 14 (4) ◽  
pp. 396-409
Author(s):  
T. G. Filosofova
Keyword(s):  
United States ◽  
Intellectual Property ◽  
World Economy ◽  
The United States ◽  
Assistive Technologies ◽  
Creative Industries ◽  
Property Market ◽  
The World ◽  
Effective Development ◽  
The Right

It is shown that active processes of digitalization and development of creative industries form new trends of the world economy development. Possession of the right to use IP, in particular the results of the latest scientific research and technological developments (especially in the field of artificial intelligence, the Internet of things, blockchain, processing large databases, quantum computing systems, cloud technologies, etc.) significantly expands the capabilities of the owner of IP rights in world economy, its participation in global value chains. Intellectual property is becoming not only the main instrument of socio-economic development, but also the center of global technological confrontation and a fierce struggle for the right to own it, a significant factor of success in geoeconomic competition. The main long-term trend in the development of world IP markets is the dynamic growth of the volume of commercial transactions with goods and services containing IP objects with a significant expansion of the range of the latter. The IP market is growing at a rate exceeding the rate of growth of “material” markets. The countryleader in the number of valid patents for a long period is the United States. The main competitor for the United States is China. Among the main technological trends, the development of the IP market in terms of assistive technologies should be highlighted, which allow producing products according to digital description anywhere in the world. A large share of the IP markets is occupied by trade in licenses. It is shown that for the further successful and effective development of IP markets, it is necessary to take into account the prospects for the functioning of IP markets and the movement of goods containing IP objects in a new technological order.

scholarly journals Blockchain Technology and its Impact on the Global Economy

2019 ◽  
Author(s):  
Burcu Sakız ◽  
Ayşen Hiç Gencer
Keyword(s):  
Artificial Intelligence ◽  
At Risk ◽  
Global Economy ◽  
World Economy ◽  
Financial Institution ◽  
The Internet ◽  
Valuable Resource ◽  
Artificial Intelligence Techniques ◽  
Blockchain Technology ◽  
The World

The world’s most valuable resource is no longer oil, but data. Smartphones and the internet have made data abundant, ubiquitous and far more valuable. Modern algorithms can predict when a customer tends to buy, a car needs servicing or a person is at risk of a disease. Meanwhile, artificial intelligence techniques extract more value from data. As individuals accumulate information which transforms into knowledge, entrepreneurs will want to use and/or share that knowledge. It is the sharing of knowledge that needs a decentralized, autonomous mechanism so that knowledge can be shared fairly amongst all peoples of the world, not just within corporations. Blockchain technology gives us that mechanism. Blockchain is one of a kind decentralized technology and it is distributed as well as decentralized ledger. Blockchain is the answer to a lot of obstacles the world has to go through today. Before today, nobody could think of transferring money from one account to another safely without any financial institution in the middle, like a bank. Blockchain technology presents a radical and disruptive new way of conducting all manner of transactions over the Internet. The advent of Bitcoin and the blockchain has brought a lot of change to the world of finance even the world economy was formerly run using fiat currencies. Introducing the blockchain environment will actually enhance the economics because in blockchain, all transactions are recorded right from the manufacturer to the buyer. This paper explores the emerging landscape for blockchain technology focusing on the economics.

scholarly journals The Coming Revolution: The Healthcare Challenge

2018 ◽  
Author(s):  
John Halamka
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
World Economy ◽  
The United States ◽  
Domestic Product ◽  
The World ◽  
The Right ◽  
The U.S

The United States spends nearly 17% of its gross domestic product on healthcare,1 almost double that of any other industrialized country,2 and achieves worse outcomes by many measures.3 The U.S. may have the most healthcare in the world, but we do not have the best healthcare. Today, Healthcare in the U.S. is a poor value. If we are going to remain competitive in the world economy, we must deliver the right care in the right setting at the right time at the right cost.

Trade and Development Report, 1993

1993 ◽  
Vol 28 (2-3) ◽  
pp. 113-129
Author(s):  
K.K.S. Dadzie
Keyword(s):  
Developing Countries ◽  
World Economy ◽  
Domestic Politics ◽  
Commodity Prices ◽  
Financial Flows ◽  
The North ◽  
The World ◽  
Policy Shocks ◽  
The Right ◽  
Almost All

The Trade and Development Report of 1992 had predicted that without a strong boost to global demand the world economy v.�ould continue to stagnate. So it has. Belying almost all other official forecasts, the North has failed to recover. As a result, commodity prices are falling yet again, intensifying poverty in the South, and the unemployed are multiplying, intensifying poverty in the North. Joblessness is now not only the prime issue in domestic politics: by providing humus for protectionist sentiments and xenophobia, it is also forcing itself onto the international agenda. The tide of market-oriented reform has continued to flow strongly in developing countries and the former socialist countries of Eastern Europe. In Asia, the fast-growing economies, which had managed to steer clear of the turbulence of debt and policy shocks, have continued ahead at full steam. Thanks to reform, Latin America has been showered with finance. In Africa, the winds of change have turned into a gale, but the economies are still in the doldrums. In the transition economies of Europe, the worst is over in some hut not in others. International financial flows have been bringing many benefits but also problems. Exchange rates have been under severe strain, and international trade negotiations have been teetering bern�een openness and protectionism. The new era after the Cold War should not be allowed to become one of economic conflict. Governments acknowledge the need for cooperation, but the real challenge remains. It is to translate the aspiration for harmony into practice-and do so in a way that will advance development and push back poverty The right approach is to marry boldness with realism. Without boldness structures will not change, but unless policies are tempered with realism there will be costly excesses. Boldness is also required to clear the debt overhang, which continues to bear down on 1nany developing countries. And unless there is boldness, too, infighting global deflation, the problems of the world economy will further multiply, and instability will overwhelm confidence.

scholarly journals UKRAINE AND THE IMF: BASIC ASPECTS OF COOPERATION

2019 ◽  
Vol 2019 (5) ◽  
pp. 6-18
Author(s):  
Oleksandr PETRYK ◽  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Technical Assistance ◽  
Financial Assistance ◽  
Economic Research ◽  
Credit Line ◽  
Monetary System ◽  
The World ◽  
The Right ◽  
The Imf

Since the foundation of International Monetary Fund in 1944, this organization has evolved with the development of the global economy. Nevertheless, its mission remained unchanged – to ensure the stability of the world monetary system. Such a monetary system would allow countries to follow a single standard and would contribute to world trade, economic growth and rising of living standards across nations. The IMF has three main functions: supervision and monitoring of the global economy and the economies of member countries (surveillance); providing financial assistance to member countries (lending); economic research and technical assistance to member countries (capacity development). The financial resources of the Fund are based on financial contributions (quotas of each member state) and determined by the relative position of the country in the world economy. The size of the quota determines the right to vote or the weight of the country’s vote in the decision-making process of the IMF. Today the Fund’s programs have considerably expanded and are in line with the world economy needs. The main IMF financial assistance programs are: – Loan agreement “stand-by” (SBA); – Extended Lending Facility (EFF); – Flexible Credit Line (FCL); – the Precautionary and Liquidity Line (PLL); – Rapid Financing Instrument (RFI). In October 2018, the IMF and Ukrainian authorities announced the launch of a new SBA program, which should replace the existing program. However, to start the program, the Parliament had to approve the budget within the framework of the program. Other conditions were the creation of a permanent mechanism for adjusting gas prices for the population and strengthening the fight against corruption.

scholarly journals PROCESSES OF GLOBALIZATION OF THE INTERNATIONAL BUSINESS-ENVIRONMENT ARE IN MODERN REALITIES

2017 ◽  
Vol 19 (2(64)) ◽  
pp. 32-36
Author(s):  
A.I. Boiarchuk
Keyword(s):  
World Economy ◽  
Business Environment ◽  
Modern World ◽  
Legal Information ◽  
Nation States ◽  
The World ◽  
Definition Of ◽  
The Right ◽  
National Economies ◽  
The Impact

In the article the influence of globalist processes, widely developing in nowadays world, are analyzed. Because of that the art becomes to be a tool of reach countries to have the right of domination in a world space. Authors argue about positive and negative sides of globalization in this text. The main objective of this paper to analyze in detail the impact of globalization on the world economy. The paper presents the analysis of the nature of the process of globalization in the modern world. Globalization has been analyzed in the following interdependent aspects: economic, territorial. Here are main reasons of globalization. The paper presents two main directions to define of globalization in terms of the behavior of nation-states in the global geopolitical environment. The paper presents the positive and negative influences of globalization on the world economy and national economies in the world. Special attention is paid to the problems associated with globalization for the different states. Globalisation is an incessant process, which lasts a lot of years, but problems, associated with it. Autor dispute among themselves about globalisation and can't create a single definition of this process. Autor argue about positive and negative sides of globalisation in this text. Necessity of formation of uniform economic, legal, information and technological space for realization of free and effective enterprise activity of all subjects of managing has led the Ukrainian economy to to transformation of integration economic processes in a new system condition - globalization of economic communications.

scholarly journals AI, Democracy, and the Importance of Asking the Right Questions 

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Ognjen Arandjelovic
Keyword(s):  
Artificial Intelligence ◽  
Young People ◽  
Ethnic Minorities ◽  
Democratic Process ◽  
Demographic Groups ◽  
Great Achievement ◽  
The World ◽  
Democratic Systems ◽  
The Right

Democracy is widely praised as a great achievement of humanity. However, in recent years there has been an increasing amount of concern that its functioning across the world may be eroding. In response, efforts to combat such change are emerging. Considering the pervasiveness of technology and its increasing capabilities, it is no surprise that there has been much focus on the use of artificial intelligence(AI) to this end. Questions as to how AI can be best utilized to extend the reach of democracy to currently non-democratic countries, how the involvement in the democratic process of certain demographic groups (e.g. ethnic minorities, women, and young people) can be increased, etc. are frequent topics of discussion. In this article I would like not merely to question whether this is desirable but rather argue that we should be trying to envisage ways of using AI for the exact opposite purpose: that of replacing democratic systems with better alternatives.

A New Digital Service Tax for the Transformation of the Taxation Architecture in Turkey

2021 ◽  
pp. 110-128
Author(s):  
Deniz Şahin Duran
Keyword(s):  
Structural Transformation ◽  
New Economy ◽  
Digital Service ◽  
Digital Services ◽  
Economic Program ◽  
The World ◽  
The Creation ◽  
The Government

A series of necessary structural transformation has started to be implemented in Turkey with the new economic program described under the heading of “New Economy Program: Structural Transformation Steps 2019.” In the field of tax transformation of these structural transformation steps, some studies have been carried out towards the creation of “New Tax Architecture.” Within the scope of these studies, a new tax application under the name of “digital service tax” is designed. In fact, this step taken by the government of Turkey for the taxation of digital services is parallel to the developments in the world. In this study, for the better understanding of the necessity/importance of digital service tax and what kind of tax application is it, digital service tax planned to be implemented in Turkey is evaluated with its all aspects and in line with the developments in the world.

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