What are the potential benefits and drawbacks of implementing a digital tax system?5 answersImplementing a digital tax system offers benefits such as improved tax collection through better identification of the tax base, enhanced compliance monitoring, and easier facilitation of compliance. However, challenges arise due to resistance from taxpayers and collectors, unsupportive regulatory environments, lack of strategy for technology adoption, and infrastructure deficits. The digitalization process does not alter the core functions of tax administration but introduces new ways to execute them. The impact of the digital economy on tax collection systems includes issues like vague tax element identification, outdated invoice systems, and limited access to tax-related information, hindering efficiency. Additionally, the use of new technologies by tax administrations raises concerns about data protection, privacy rights, unequal treatment among taxpayers, and cyber-security.
What are the disadvantages of digital marketing for customers?5 answersDigital marketing, while offering numerous advantages, also presents some disadvantages for customers. Customers can feel overwhelmed by the constant barrage of outbound marketing communication, such as emails and tailored online ads, leading to potential information overload and intrusion. Additionally, there are concerns regarding customer privacy as digital marketing often involves the collection of personal information, potentially exposing customers to cybercrime risks. Some customers exhibit negative attitudes towards digital marketing due to privacy concerns and distrust in the authenticity of the information presented, emphasizing the importance of respecting privacy and building trust. Addressing these issues by limiting advertisements, obtaining permission before sending marketing materials, and adhering to strict government regulations can help mitigate the disadvantages and build customer loyalty.
What are the benefits that clients can expect from digitalization?4 answersClients can expect several benefits from digitalization. Firstly, digital communication with clients can save time for frontline workers, making services more efficient and accessible. Secondly, digitalization can enhance audit quality, especially for clients with high digitalization and audit firms with expertise in information technology (IT). Thirdly, digitalization initiatives can create value for different stakeholders, such as city employees, decision makers, citizens, and the public sector, by streamlining processes and cutting costs. Fourthly, digital networking and eHealth solutions can provide better care for patients, particularly in rural areas and for chronically ill and elderly patients. Lastly, digitalization in the post-COVID-19 era can lead to novel communication patterns and business models, creating new revenue and value-producing benefits and opportunities.
How can we make better risk-benefit trade-offs?3 answersTo make better risk-benefit trade-offs, it is recommended to randomize the order of attributes in discrete choice experiments (DCEs) to avoid bias. However, in a benefit-risk setting, this may increase the cognitive burden of respondents or affect their decision-making process. To increase choice consistency in DCEs, attributes should be randomized within logical groups that may be further randomized to reduce the risk of ordering effects. Another approach is to employ a pre-survey learning experiment where respondents make incentivized risky choices and use a frame that focuses on the total risk or risks that respondents face. Additionally, it is important to consider the strength of evidence when making risk-risk trade-offs, as weak evidence on the impacts of substitutes may lead to incorrect assumptions about their harm. Overall, improving risk-benefit trade-offs requires careful consideration of attribute ordering, respondent burden, evidence strength, and framing.
What are the benefits and risks of using smart contracts for the exchange of digital assets?5 answersSmart contracts offer several benefits for the exchange of digital assets. They enable the conclusion and verification of contracts through blockchain, reducing costs and eliminating the risks of unreliable data transfer methods. Smart contracts also contribute to the development of the economy by speeding up business processes, reducing costs, and ensuring transparency. They can be applied in various industries, including financial services, government management, healthcare, e-commerce, and the Internet of Things. However, there are also risks associated with smart contracts. It is essential to properly write and test smart contracts to mitigate risks. Major technical challenges, such as security and privacy issues, still need further research efforts. Additionally, the technology of smart contracts is still at an early stage of development and requires careful testing and control over its use.
What are the benefits and drawbacks of using digital games in education?5 answersDigital games in education offer several benefits. They can enhance the learning process by promoting active and independent learning. Empirical evidence shows that digital games can have a positive effect on the learning of computing, providing an engaging and motivating experience for students. Students have a positive attitude towards the implementation of educational online games like Kahoot, as they offer advantages such as positive competitiveness and a lively atmosphere in the classroom. Digital games can serve as effective learning tools, motivators, and generators of curiosity, optimizing student learning and performance. Additionally, digital entertaining collaborative games have the potential to foster intercultural interaction in culturally diverse classrooms, contributing to the long-term process of integration. However, there are also drawbacks to using digital games in education, such as technical problems, the cost of games and equipment, and the lack of technical support.