Do Governments Have a More Holistic View of Your Spending? An Intelligent Spend Management Perspect…
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The transparency and compliance of corporate spending data are becoming key tools for government tax enforcement. Travel and expense management is no longer just an internal cost control issue; it also involves cross-border tax compliance and employee travel risks. Companies need to ensure the accuracy and timeliness…
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- SAP Concur BlogDo Governments Have a More Holistic View of Your Spending? An Intelligent Spend Management Perspect…
A SAP Concur blog post argues that governments are actively capturing, storing, and analyzing corporate spending data from travel, expenses, and invoices to increase tax revenue and enforcement. Citing experts from EY and Goldman Sachs, the article states that governments are rapidly analyzing this data to generate higher revenues. It notes that U.S. state governments share data to ensure proper taxation, and 34 countries are engaged in the OECD's BEPS project. The article also mentions a case where an executive was detained for five days at an airport due to his company's unpaid taxes.