Advanced Tax Fraud Analytics
The Issue: Many countries collect far less tax than is due to them
- These loses, often 20% of its potential receipts because of Fraud, Evasion and Avoidance
- Professional cartels use Cross border trades, complex carousel schemes and falsification of sales records to evade a countries fraud detection capabilities
- Many countries’ national tax departments adopt better digital techniques to improve the situation
Key Challenges to automated Tax fraud detection and prevention
- Tax authorities lack proper integrated fiscal information environments
- The inability to ingest and analyze large, complex tax data sets
- Lack of enforcement resources to police ever more sophisticated schemes
- Lack holistic data from company registers and citizen information for forensics analysis and audit
mLogica has the solution!
Since implementing mLogica’s AI powered Tax Fraud Advanced Analytics solution, this European Country has realized an estimated $210 million in additional VAT revenue annually
mLogica’s CAP*M AI Powered Tax Fraud Advanced Analytics Makes the Difference
Improved tax revenue 
Improved reporting and analysis. 
Improved control of tax revenue 
Avoid non-recording of trade
Addressing tax fraud and evasion
Suppressing grey economyPre-Built and Customized Analytics to Meet Agency Requirements
COMPONENTS OF TAX FRAUD ADVANCED ANALYTICS
Forensics & Audit
- Efficient Visualization
- Access to trillions of transactions in seconds
Alerts and Reporting
- Live Tax threat Alerts
- Automatic reporting to stakeholders including other agencies and partner countries
Enforcement Efficiency
- Best use of available Human, Financial and technology resources
All data in one place
- Tax transactions and history
- 3rd party supplier chain data
AI powered Advanced Analytics
- Real time monitoring transactions
- Risk of fraud and anomaly detection
Blend Outside Source Data
- Holistic view from 3rd party sources
- Network mapping
Combat Tax Fraud. Increase Revenue. Get Your Free Assessment.
