Continuous Transaction Control is a driving force for digitalization

[nurmohammadkhan]

Each country that conformed to this mechanism would have a clear competitive advantage over others , since it would offer a safe and controlled exchange ecosystem, protecting potential foreign buyers from scams or risky operations. Furthermore, it would be much easier for central authorities to reconstruct transactions involving multiple states, being able to count on international collaboration made even more effective precisely by the possibility of sharing relevant data in digital format in a very short time.

In addition, countries with a Continuous Transaction Control system will appear more australia whatsapp resource attractive to potential investors, also thanks to the reduction in tax pressure that the CTC is capable of generating. In fact, it is conceivable that in countries where Continuous Transaction Control is active, the “cost” of tax evasion will be much lower; consequently, tax revenue will be higher and more constant and, therefore, tax rates will be lower, not having to compensate for budget shortfalls caused by fraudulent behavior.

Implementing a CTC solution would also mean giving the entire country system a strong push to complete its digital transformation . Ernesto Maria Ruffini explains it well once again when, regarding digital invoicing, he said: "in a long-term perspective, the aim is to encourage the birth of a digital culture that pervades not only the production sector, but the entire Italian society" (source: Fattura Pro)

Introducing a CTC system, in fact, means changing the approach of each economic operator with respect to the management of their transactions and moving towards a model in which bureaucracy is reduced to a minimum, controls are more effective and less costly and the private and public sectors collaborate.

It is important to underline that this virtuous circle, made of bureaucratic simplification, efficiency of controls and consequent increase in revenue (alongside incentive and "lightening" fiscal policies) can become the basis of a structural revolution in every country like ours, transforming the fiscal sector into a formidable economic engine of internal growth and foreign investments.