Blockchain (Distributed Ledger Technology) Solves VAT Fraud by Richard Thompson Ainsworth, Andrew Shact :: SSRN

Blockchain will bring substantial efficiencies to VAT collection. It will reduce costs, and build critical inter-governmental trust relationships. Most importantly, blockchain will immediately end revenue losses well in excess of €50 to €60 billion per year in missing trader intra-community fraud (MTIC).

Source: Blockchain (Distributed Ledger Technology) Solves VAT Fraud by Richard Thompson Ainsworth, Andrew Shact :: SSRN

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