In short, according to the Austrian Ministry of Finance, the tax fairness of taxpayers is “very high”. The ministry’s Predictive Analytics Competence Center (PACC), which uses artificial intelligence to derive potential fraud scenarios from a variety of data sources, targets those who evade payments.
The method is used, among other things, for the selection of tax audits, the plausibility check of tax returns and the evaluation of start-ups and all kinds of applications. be exposed and reined in,” the ministry assured.
In 2021, some six million employee ratings were audited by the PACC. A focus of the work would have been analyzes related to the COVID-19 measures. “Here, the PACC monitored about 1.4 million applications for COVID aid payments,” it said.
From January 2020 to the end of June 2022, PACC employees saved Austrian taxpayers a total of some 540 million euros with their analyzes and forecasts, the finance ministry said in a statement on Sunday. “Tax evasion is not a trivial crime, but a criminal offense and also causes great damage to honest companies. Our job is to ensure that the same preconditions apply to all people and businesses in Austria and that the rules are complied with,” said Finance Minister Magnus Brunner.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
