Tax Fraud is Winning the Race Tax authorities are facing more daunting challenges than ever before. Globalization, along with the digital revolution, has given rise to increasingly complex tax evasion and fraud tactics, rendering BI tools and traditional analytics platforms insufficient. In fact, tax evasion costs EU countries a staggering €823.5 billion a year, and the US loses nearly $190 billion per year due to underreporting and underpayment of taxes. 1 Key Challenges Facing Tax Authorities in the US Tax revenue lost per year €824B $190B in the EU Rapid growth of e-commerce and online marketplaces Income is hard to audit and is often unreported Rise in cross-border criminal operations Financial data spans different sources, media formats and languages Offshore accounts, cryptocurrencies, and payment apps are used to hide illicit profits Increasingly sophisticated tax evasion and fraud tactics In the face of these challenges, many tax authorities don't have the right tools, enough funding, or sufficient staff to effectively tackle fraud. To keep up, they need a new approach. Shifting the BI Paradigm 2 Decision Intelligence for Tax Authorities 3 Accelerating Tax Investigations 4 About NEXYTE 5 Tax Fraud is Winning the Race 1