Thailand’s Tax Authority Taps Blockchain to Fight Tax Evasion

Twitter Facebook LinkedIn In its fight against tax evasion Thailand’s tax collection agency will turn to blockchain technology among other measures to fight the vice. According to the director-general of the Revenue Department, Ekniti Nitithanprapas, the government agency will employ blockchain technology in verifying whether owed taxes were paid in the correct amounts. Per the Bangkok Post, distributed ledger technology will be used in hastening the tax refund process by the department which falls under the country’s Ministry of Finance. The director-general of the Revenue Department, who was appointed to…