Tax Record Keeping Topics the OECD will probably address
Tax Record Keeping
- concerns over ease with which electronic records can be changed - want to make it harder
- want an audit trail of transactions that are easy to follow - thought external auditors had the problem fixed - they haven't
- looking at digital signatures to stop alteration of electronic records
- concerned that tax due is recorded correctly
- considering benefit of international standard approaches towards record keeping
- think records should be generated at the time of the trade rather than later