The point of the presentation was to bring up to attention that the systems used by tax offices worldwide are outdated, and they fail to find their place in the 21^st century. Mr. Goran spoke about how thanks to technology, each and every customer is someone who can register fraud detection. Every digital (or physical) receipt is a chance for a consumer to win an award, therefore they will always scan the QR code in order to enter the lottery. This further shows the legitimacy of the receipt and any possible discrepancies the local tax office can easily detect.

Just as 2017 was important for Data Tech International as a brand, 2018 was important for TaxCore and its many future achievements. TaxCore serves as a perfect example of how real-time tax compliance can be easily enforced without damaging taxpayers.

Moreover, a digital invoice system such as TaxCore is the perfect tool to detect and fight fraud without the long procedures that usually end up in frustration on both ends.

This workshop, as other in the past organised and chaired by Prof. Dr Jeffrey Owens at the WU, have provided practical insights on the global trends of VAT/GST adoption and application to digital transactions, treatment of online platforms and ways to achieve higher level of tax compliance. Government officials, international and regional organisations, business and academics have mutually benefited from the exchange of opinions, experiences and best practice.

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Mr. Goran Todorov, a global consultant for legal and technical certification of invoicing systems and the Co-owner of Data Tech International, and Mr. Ivan Pavlovic, the TaxCore product manager, presented their research on Blockchain technology in taxes. More specifically, the application of blockchain to specific tax issues.

In their paper, they spoke on how a blockchain EBM (Electronic Billing Machine) system could bring transparency when it comes to the tax collection process. Additionally, this system could cut down the high maintenance costs which would save governments a lot of money. Most importantly, though, they proved that this type of system will save time wasted on frequent and intensive verifications.

The paper brought up serious facts and solutions to many challenges governments all over the world are still facing. Due to the attention Mr. Goran attracted with his paper, Bloomberg decided to interview him. The topic was focused on how Blockchain as an innovative technology can successfully increase tax efficiency. As a firm proof of how this can be done, he used Rwanda as the perfect model.

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Overall, this was a huge success for DTI which allowed them to showcase their achievements and implemented innovations. More importantly, to make a point and get the international community to think about the future of tax collection and tax fraud.

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