Tag Archives | digitalization
Finance sector development, Information and Communications Technology
Governance and public sector management, Information and Communications Technology
Industry and trade, Information and Communications Technology, Private sector development
Economics, Governance and public sector management
Digitalization for enhancing access to finance and inclusive growth
Digital finance enables more affordable and accessible financial services and other credit facilities for underserved and marginalized groups.
Taxation and digitalization in the COVID-19 era
The coronavirus disease (COVID-19) pandemic has created challenges for tax administrations and is constraining tax revenue in many countries. Its impacts have caused the global economy to slow down, leading to reduced tax collection. However, the pandemic has also changed social habits and encouraged people to use digital technologies.
Expanding trade opportunities for SMEs in Asia and the Pacific
Small and medium-sized enterprises (SMEs) are the backbone of the Asian economy. They already account for over 95% of all businesses in Asia and employ an estimated 60% of the region’s workforce (Mastercard and the Economist Intelligence Unit 2019). Hence, helping SMEs grow can translate directly into economic and workforce expansion.
Bridging the digital tax divide in Asia
Digitalization has transformed the global economy and had significant impacts on Asia and the Pacific, home to some of the world’s biggest and most advanced e-commerce markets, such as the People’s Republic of China (PRC), Australia, Japan, New Zealand, Singapore, and the Republic of Korea (Asian Development Bank and United Nations ESCAP 2018).
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