Overcoming tax evasion in the digital economy necessitates reconciling scattered
data, analyzing different data types, and prioritizing audit candidates. Given the
massive size and scope of data, these processes are nearly impossible to do with
traditional tools and require advanced capabilities.
Decision Intelligence platforms leverage data fusion, machine learning and AI, to
enable authorities to automatically ingest, fuse and analyze data from virtually any
source, on a massive scale, in order to generate data driven insights and decisions.
This helps to reveal anomalies, identify patterns of suspicious activities, assess
risks, and uncover potential tax evasion and fraud.
Best-in-class decision intelligence platforms enable tax authorities to tackle these
challenges by offering the following capabilities:
Combatting tax evasion in the
digital marketplace
Data fusion
To streamline tax evasion investigations, tax authorities need
to fuse data from separate platforms, tax submissions, VAT
records, and internal databases to form holistic profiles for
sellers and transactions with all the information investigators
need for their work. Based on the fused data, a decision
intelligence platform can enable a tax authority to automatically
calculate and tag discrepancies to identify tax gaps.
Unstructured data analysis
Videos, audio, texts and photos are all used to sell and
are therefore it is necessary to analyze this unstructured
data during investigations, as well as structured data from
traditional financial and tax databases. AI-powered media
analytics enables investigators and analysts to surface and
analyze posts from all media types, and correlate the data
across multiple formats. This is particularly important for
streaming video content. The right analytics tool can infer
sales indications from recorded and live video streams to
flag potential unreported sales.
2
Challenges
for Tax
Authorities
1
Tax Evasion
in the Digital
Economy
4
About
NEXYTE
8
3
Combatting
Tax Evasion
in the Digital
Marketplace