Big data technology application in the taxation sphere

Abstract

In the context of the economy digitalization, modern technologies penetrate into all spheres of human activity. The sphere of taxation is no exception. Digital technologies allow processing and transmitting large amounts of information, thereby reducing the risk of errors. The use of information technologies contributes to the creation of a transparent system of relations between the state and society. A new form of interaction between tax authorities of different countries is being formed by automatic exchange of tax information. The article investigates the use of Big Data technologies in the field of taxation. Opening up new potential opportunities, the use of digital technologies, at the same time, creates certain difficulties in the process of tax administration. The practical significance of this research work is to assess consequences of the Big Data technology application for tax authorities and taxpayers.