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Business and Economics > Industries: Information Technololgy

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Cover VITARA Reference Guide
VITARA Reference Guide
Organization
Inter-American Center of Tax Administrations, International Monetary Fund, Intra-European Organisation of Tax Administrations, and Organization for Economic Co-operation and Development

Abstract

This guide is part of a series of Virtual Training to Advance Revenue Administration (VITARA) reference guides that has been developed based on the contents of the VITARA online modules. This reference guide focuses on international good practices in organizational design. It explains how tax administrations can organize people, processes, and work effectively. It builds knowledge and understanding of critical features and dependencies in the organizational design of tax administrations, defining the concept of organizational design, and explaining why it is important. This guide also identifies the main organizational models (function-based, tax type-based, segment-based, and hybrid) used in the design of tax administrations and explains the advantages and disadvantages of the different models. It compares the roles of headquarters and field operations in a tax administration's organizational structure and also describes the importance of special units and functions within a tax administration's organizational structure. The guide helps tax administration leaders better understand how tax administration organizational models can be adapted to accommodate new responsibilities and roles.

Keywords:
tax; tax administration; revenue administration; organizational design; organizational chart; business process; revenue collection; domestic revenue mobilization; large taxpayers office; high-net wealth individuals; collection capability; high-integrity taxpayer register; HQ unit; tax administrator; HQ function; OD process; management forum; Tax administration core functions; Taxpayer services; Human capital; Tax collection; Internal audit
Cover IMF Staff Country Reports
Spain: Financial Sector Assessment Program-Technical Note on Fintech Developments and Oversight
International Monetary Fund. Monetary and Capital Markets Department
This paper presents a technical note on fintech developments and oversight as part of Financial Sector Assessment Program (FSAP) in Spain. The scope of this assessment covered fintech developments in Spain, including digitalization of the banking sector, and the supervisory oversight of fintech activity. This technical note covers the impact of fintech on regulated firms, mainly banks; the interaction between new market entrants and existing firms; the approach toward industry monitoring; and the institutional arrangements for regulation and supervision of fintech, including overall supervisory cooperation. Banks play a dominant role in Spain’s fintech landscape. A better balance between the benefits of the sandbox and its significant supervisory costs could be achieved by considering some targeted changes to its operational arrangements. The FSAP recommends granting full autonomy to the Comisión Nacional del Mercado de Valores (CNMV), which it currently lacks, over its recruitment process and ensuring alignment of resources at the Banco de España and CNMV to current and expected workloads.
Keywords:
financial instruments directive; Banco de España; executive service; FINTECH development; payments services directive; supervisory authority; data protection authority; Fintech; Digital financial services; Digitalization; Caribbean; Europe; Global
Cover IMF Working Papers
A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa
Mame Astou Diouf, Leonardo Pio Perez, Felix F. Simione, Arina Viseth, and Jiaxiong Yao
The need for Sub-Saharan African (SSA) countries to diversify their economies is more urgent than ever. However, despite its established economic benefits, several challenges have precluded diversification in SSA. Against this backdrop, interesting initiatives to further adopt digital technologies, particularly during the COVID-19 pandemic, suggest that digitalization is a promising avenue to overcome barriers to diversification. Fast-paced advances in the diffusion of digital technologies and knowledge have the potential to transform SSA economies through several channels. By connecting people and facilitating the rapid diffusion of information, digitalization also promises to reshape the industrial structure of activities in new and unprecedented ways. Therefore, digitalization has the potential to promote diversification and growth in SSA by acting both as an enabler and driver of economic activities, helping support resilience. Yet, while the empirical literature on SSA suggests that digitalization can provide new opportunities for growth, employment, productivity, and inclusion, the impact on diversification has not been studied. This paper aims to fill this important gap in the literature. It also aims to strengthen IMF engagement with SSA policy makers by providing a conceptual policy framework, encompassing both horizontal and sectoral policies, on how to leverage digitalization to support diversification and boost resilience in a post-COVID world.
Keywords:
digitalization; diversification; growth; industrial policy; support digitalization; digitalization in Sub-Saharan Africa; SSA country; IMF engagement; helping support resilience; sectoral policy; Digital economy; Sub-Saharan Africa; Africa; Global