European Parliament Reforms Taxation System: Blockchain Technology Will Be Used

The European Parliament is preparing to introduce blockchain technology in order to carry out the taxation process in a healthier way.

The European Parliament voted in a recent session to integrate blockchain technology into the taxation process. As a result of the vote, an overwhelming majority found blockchain technology useful to modernize the tax process, and voted in favor of the bill.

Blockchain technology also stands out as a useful tax collection tool that can automate tax collection, limit corruption and enable better taxation of mobile taxpayers, according to a statement by the European Parliament.

In the voting held in the General Assembly of the Assembly, the proposal was made in total. 566 favor, 7 con and 47 abstainers It was approved by an overwhelming majority. About the taxation process reform Parliament has taken steps to integrate blockchain technology into taxation programs. looks so close. In addition, the bill also demands the regulation of the rules on the taxation of cryptocurrencies. Although the commission has not yet reached a clear decision on taxation of cryptocurrencies, detailed research on the subject continues.

Member of parliament of the centre-right European People’s Party at the beginning of the parliamentary report. Lydia PereiraIt is known that .

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