Through innovation, Holatrade is increasing international cooperation in a way that is more suitable for the development of global trade, providing high-quality online tax refund services in a wider area, and injecting more positive, stable and constructive forces into the world!

The world today is experiencing an unprecedented COVID-19 pandemic. The world economic recovery is unstable and unbalanced, regional conflicts are frequent, and the process of human development has been severely impacted. The United Nations released a report on June 8 that the world is facing the most serious cost of living crisis since the 21st century due to factors such as the Russian-Ukrainian conflict. It is estimated that around 1.6 billion people globally are affected by this crisis, of which around 1.2 billion people are affected by all three dimensions of the crisis - food, energy and finance.

Globally, the cost of living is on the rise, and the world unemployment rate is also rising. According to data from the U.S. Department of Labor, in April 2020, due to the impact of the epidemic, the U.S. unemployment rate was as high as 14.7%. As a key employment group, the youth unemployment rate in the EU and the euro area also fell to 13.9% in April this year.

The picture shows the U.S. unemployment rate (May 2019-May 2022) Source: U.S. Department of Labor

To help companies cope with the risks and challenges brought by the international environment and the domestic epidemic, since this year, governments around the world have launched electronic tax refund procedures in order to stimulate economic growth and reduce offline contact, providing online tax refund services for overseas tourists. This move, while relieving the financial pressure of enterprises, stabilizes production and expands exports, and promotes the stable development of global trade.

Faced with the current global cross-border trade dilemma, Singapore Holatrade digital marketing service company uses innovative technologies such as Web 3.0 and blockchain, and cooperates with professional teams to launch the HOLA Tax Refund program, aiming to provide 320,000 companies in 52 countries around the world. Shops offer tax refund services for shopping, making tax refunds easier for online consumers around the world. Holatrade uses HOLA Tax Refund as one of the main development platforms for future development. At the same time, using web 3.0, supported by the new blockchain decentralization technology and the development of fan economy 4.0, breaking the current trade barriers with each user as an individual, and ensuring the development of local enterprises/national economy through online consumption tax rebates, achieving mutual benefit win-win.

HOLA Tax Refund will adopt a behavioral contribution reward mechanism (Proof of Work) to form HOC token rewards and give back to community members who have contributed to the community ecology. Through rewarding behavior, unite users, establish the world's leading blockchain online consumption tax rebate platform, and then create a global blockchain fan community ecology. HOC will help users seize opportunities in the ever-changing market and create a truly fair and transparent Internet economy.

Media details:

Company Name: holatrade consultingPTE.LTD

Email: pr@hihola.vip

City: Singapore

Country: Singapore

There is no offer to sell, no solicitation of an offer to buy, nor a recommendation of any securities or any other products or services. Furthermore, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security or related transaction is suitable for you based on your investment objectives, financial situation and risk tolerance. Please consult your business advisor, attorney or tax advisor regarding your specific business, legal or tax situation.

This content is published on behalf of the above source. Please contact them directly for any concern related to the above.