scispace - formally typeset
Search or ask a question

How AI improve tax? 


Best insight from top research papers

Artificial Intelligence (AI) enhances tax processes by enabling intelligent tax systems, predictive tax evasion models, and improved tax risk management. AI technology assists in tax declaration, evaluation, and inspection, streamlining tax collection and management procedures while increasing efficiency and service awareness within tax departments. By utilizing AI for tax recovery processes, tax agents can focus on strategic initiatives rather than manual tasks, ultimately improving overall business efficiency, reducing the tax gap, and increasing revenue. Through the integration of AI technology, tax authorities can make more accurate tax risk predictions, optimize tax compliance models, and detect tax fraud early, thereby minimizing risks and enhancing decision-making processes.

Answers from top 4 papers

More filters
Papers (4)Insight
AI improves tax by enhancing efficiency in declaration, evaluation, and inspection processes, simplifying management procedures, and increasing service awareness in tax departments, as discussed in the paper.
AI enhances tax management by integrating with tax risk management, creating an intelligent tax system using Bagging and SVM algorithms for accurate tax risk prediction, cost reduction, and data precision.
AI improves tax compliance by aiding in forecasting, risk simulation, fraud detection, and cost optimization. It enhances decision-making for managers, but security concerns require attention for effective implementation.

Related Questions

How AI improve tax in indonesia?5 answersArtificial Intelligence (AI) plays a crucial role in enhancing tax compliance and administration in Indonesia. By leveraging AI technology, tax authorities can predict firms' taxpaying behavior accurately, detect tax fraud early, minimize tax leakage, and optimize tax costs. Furthermore, AI aids in improving evidence management in the integrated criminal justice system, ensuring transparency and accuracy in handling tax crime evidence. Indonesia's efforts to enhance its tax system involve expanding the tax base, improving tax administration, and implementing simplified tax systems for SMEs. The adoption of AI in various sectors, including education, healthcare, and economic services, showcases Indonesia's commitment to leveraging technology for better governance. Overall, AI advancements are instrumental in optimizing tax compliance, reducing fraud, and enhancing overall tax administration efficiency in Indonesia.
How can AI be used to improve tax collection?5 answersAI can be used to improve tax collection by applying intelligent technology in various aspects of tax management, such as tax declaration, evaluation, inspection, and administration. AI technology can make tax management work more efficient, simplify collection and management procedures, and enhance the service awareness of tax departments. The use of AI systems, including robotics and other disruptive technologies, can help detect fraudulent practices, increase tax compliance, and prevent tax evasion and fraud. By utilizing AI research achievements, tax authorities can change the existing pattern of tax collection, reduce costs, improve efficiency, enhance social tax compliance, and improve taxpayer satisfaction. AI can assist tax agents in handling tax recovery processes, allowing them to focus on strategic initiatives and improving overall business efficiency by reducing the tax gap and increasing revenue. However, the application of AI in tax collection also faces challenges, such as biases in algorithms and the need to ensure compliance with data protection regulations.
How can ai benefit in government?3 answersAI can benefit in government by increasing efficiency and effectiveness, improving decision-making, enhancing communication with citizens, and automating tasks. However, the implementation of AI in public administration raises ethical dilemmas and requires clarity on decision-making processes and their impact on public values. Incorporating AI into the US federal government faces challenges such as ethical and legal concerns, outdated infrastructure, and a lack of social acceptance. To maximize the transformative possibilities of AI in government, it is important to develop government capacity for innovation, build integrated models for policy-making, and address structural inequalities. AI can optimize government services, put citizens at the center of service design, and increase trust in government through improved knowledge management, risk mapping, and automatization of data collection and analysis.
How can artificial intelligence be used to improve corporate governance?5 answersStep 1: Answer without citation Artificial intelligence (AI) can improve corporate governance by providing decision-making support, improving information symmetry, and lowering agency costs. AI technology brings innovation to company operations and management, positively impacting corporate governance levels. It also enables the evolution of existing governance structures, including governance of data, machine learning models, and AI systems. Furthermore, AI can automate decision-making processes using real-time big data analysis, leading to improved corporate governance. Additionally, AI governance frameworks can be developed to address ethical concerns and compliance with new rules, focusing on stakeholder concerns, strategic goals, management control systems, and roles and responsibilities. Step 3: Answer with citation Artificial intelligence (AI) can improve corporate governance by providing decision-making support, improving information symmetry, and lowering agency costs. AI technology brings innovation to company operations and management, positively impacting corporate governance levels. It also enables the evolution of existing governance structures, including governance of data, machine learning models, and AI systems. Furthermore, AI can automate decision-making processes using real-time big data analysis, leading to improved corporate governance. Additionally, AI governance frameworks can be developed to address ethical concerns and compliance with new rules, focusing on stakeholder concerns, strategic goals, management control systems, and roles and responsibilities.
How can management accountants use AI to improve their decision-making?5 answersManagement accountants can use AI to improve their decision-making by automating routine and repetitive activities, empowering quick decision-making, and examining large quantities of data with ease. Advanced accounting information systems (AIS) can act as a catalyst for change by changing the way work is done and allowing for more advanced analyses. AI can be used for anomaly detection, establishing optimal investment strategies, and algorithmic trading in the finance industry. Utilizing AI in the decision-making process has a positive impact on organizational performance, individual productivity, and organizational culture. The presence of automation and customization in AIS affects the trust in the output data provided, which can impact the effectiveness of managerial decisions. By leveraging AI technologies, management accountants can enhance their decision-making capabilities and improve overall organizational performance.
How can artificial intelligence be used to improve e-government services?4 answersArtificial intelligence (AI) can be used to improve e-government services in several ways. Firstly, AI enables fast data processing and accurate analysis, leading to increased efficiency in public services and better decision-making. Secondly, AI technology can be used to automate e-government operations, reducing processing times, costs, and raising public satisfaction. Thirdly, AI-driven Internet of Things (IoT) techniques can enhance e-government services by analyzing data and mitigating the risk of cyber-attacks. Additionally, AI can help in the surveillance and monitoring of critical areas, traffic management, environmental pollution control, and various other aspects of e-government services. However, challenges such as data privacy, ethics, and public trust need to be carefully addressed when implementing AI in e-government services.

See what other people are reading

How to develop a mobile app using ADDIE?
5 answers
To develop a mobile app using the ADDIE model, one should follow the systematic approach involving Analysis, Design, Development, Implementation, and Evaluation. This model progresses through five phases, each with specific steps, ultimately resulting in a usable product. Collaboration with different teams and experts is crucial during each phase to ensure the transformation of necessary information into a technological product. The ADDIE model has been successfully applied in developing various mobile apps, such as an educational self-care app for COVID-19 prevention in underdeveloped countries, showing positive effects on self-care skills. By adhering to the ADDIE model, developers can create effective mobile apps that cater to specific needs, ensuring usability, ease of use, and overall usefulness for the end-users.
How the social media influenced the data mining skills of stem students?
5 answers
Social media significantly impacts STEM students' data mining skills. Studies show that social media platforms like Facebook, Twitter, and WhatsApp influence students' behavior and academic performance. Data mining techniques, such as decision trees, random forests, and logistic regression, are utilized to analyze students' performance and behaviors influenced by social media activities. Furthermore, the extraction of knowledge from social media data through data mining techniques like K-means helps in understanding students' interests and behaviors on social networks, aiding educational institutions in developing effective strategies. Social media data also provides valuable insights into students' learning behaviors, opinions, and concerns, enhancing the understanding of how they engage with education and the benefits they derive from it.
What is the cultural significance of the name "شخصية باقي بوعلام" in Arabic culture?
5 answers
The name "شخصية باقي بوعلام" holds cultural significance in Arabic literature and historical contexts. It represents a real character, not fictional, reflecting societal norms and values. In the context of theatrical works in the UAE, women's roles have been pivotal, mirroring social, political, and economic developments, emphasizing their complementary role to men. Additionally, the portrayal of women in Emirati theater reflects the evolving societal views and the call for women's rights and liberation from male dominance at the beginning of the 20th century. This name symbolizes the integration of women's voices and experiences into the artistic and cultural fabric of Arabic literature and theater, showcasing their emotional depth and internal struggles within dramatic narratives.
What is the current state of entrepreneurship education in the Philippines at the secondary level?
5 answers
Entrepreneurship education in the Philippines at the secondary level is gaining traction. Studies show that students are increasingly engaging in entrepreneurial activities due to the education they receive. However, there are challenges such as the need for relevant curriculum updates, the importance of improving teaching methods and school support, and the necessity for adequate facilities and resources in Technology and Livelihood Education. Efforts are being made to enhance students' entrepreneurial skills through technology-enhanced teaching approaches. Additionally, there is a high level of entrepreneurial attitude and intention among Grade 12 Accountancy, Business, and Management students, indicating a positive outlook on entrepreneurship at the senior high school level.
Female Employee Perspectives on Gender Diversity Initiatives?
5 answers
Female employees perceive higher levels of selection & recruitment and compensation & reward dimensions of High Performance Work Systems compared to male employees in the software industry in India. Research indicates a positive relationship between women managers and revenue growth in companies, especially in countries with medium levels of gender parity. The study also highlights the cyclical development of gender diversity across operational levels within organizations over a multi-year period. Furthermore, the introduction of women-friendly policies, such as extended maternity leave, work from home options, and creche facilities, aims to enhance work-life balance and retain female staff in IT organizations. These initiatives reflect a growing emphasis on creating gender-diverse and inclusive work environments to leverage the untapped potential of female human capital in various industries.
When to use government business grants?
4 answers
Government business grants can be strategically utilized in various scenarios to support and enhance the performance and growth of businesses. These grants are particularly beneficial during the commercialization phase of innovations, as evidenced by the Australian government's initiative to offer commercialization grants to businesses between 2009 and 2014, aiming to support companies during this critical phase. Additionally, government business support programs have been shown to significantly impact both financial and non-financial performance of companies, suggesting that businesses at different growth stages can benefit from such support, with tailored assistance potentially required for companies at the decline stage. Research on Australian firms has highlighted the positive effects of R&D and export facilitation programs on firm performance, indicating that businesses engaged in R&D and looking to expand into export markets should consider government grants. Moreover, understanding the tax implications and accounting practices related to government grants is crucial for businesses to maximize the financial benefits of such support. For small businesses, particularly those vulnerable to cyber attacks, government schemes aimed at enhancing cybersecurity can provide essential protection and should be considered a priority. However, it's important to note that while government grants can increase investment and profitability for SMEs, they may also inadvertently affect free market competition, suggesting that businesses should weigh the potential market impacts before applying for grants. In contexts where government financial support is available, businesses should assess the potential for revenue growth post-financial assistance, as evidence suggests a positive correlation between grant amounts and revenue growth. Finally, businesses should also consider the broader implications of accepting government grants, including the potential to influence job quality and employment relations within the firm. In summary, businesses should consider applying for government grants during the commercialization phase, when engaging in R&D and export activities, when needing to enhance cybersecurity, and when looking to boost investment and profitability. However, it's essential to consider the implications on free market competition and the broader economic and social impacts.
How does Class funds effect on the class room?
5 answers
Classroom funds play a crucial role in educational institutions by facilitating effective management and utilization of resources. Various studies highlight the significance of classroom funds in enhancing educational development. Proper management of classroom funds involves activities such as profiling, planning, monitoring, and assessing efficiency, which contribute to improved classroom operations. Additionally, the impact of funds on educational outcomes can be seen through initiatives like the Constituency Development Fund (CDF), which has influenced the provision of physical facilities in public schools. However, challenges such as mismanagement and inadequate disbursement can hinder the effectiveness of classroom funds, leading to stalled projects and substandard work. Therefore, optimizing the utilization of classroom funds is essential for promoting a conducive learning environment and supporting educational growth.
What are the common geothermal problems faced by communities surrounding geothermal springs?
5 answers
Communities surrounding geothermal springs commonly face various challenges. These include environmental pollution from geothermal waters rich in fluoride and heavy metals, which can contaminate drinking water, soil, and crops. Additionally, uncontrolled use of thermal waters can lead to landscape alterations, environmental degradation, and population changes, impacting local livelihoods. Geothermal fields like Kozakli-Nevsehir may experience issues such as karstic depressions due to mismanagement of geothermal wells, highlighting the importance of proper institutional control to prevent environmental threats. Furthermore, the depletion of bioavailable nitrogen by ammonia-oxidizing archaea in geothermal springs can create selective pressure for nitrogen-fixing organisms, affecting nutrient cycling in these ecosystems. These challenges underscore the need for sustainable management practices and community engagement in geothermal projects.
Is the VAT a money machine?‏?
4 answers
The Value-Added Tax (VAT) can be considered a "money machine" due to its effectiveness in revenue generation. Research suggests that countries implementing VAT tend to raise more revenue than those without it, supporting the idea of a "weak form" of the money-machine hypothesis. Various VAT machines, such as cylinder-vat units for paper production, demonstrate the intricate processes involved in utilizing vats for manufacturing purposes. The VAT's ability to efficiently collect revenue is highlighted in the context of political and economic considerations, where the VAT's effectiveness in raising funds is emphasized over increased demand for government services. Therefore, the VAT can indeed be viewed as a mechanism that consistently generates revenue, making it a crucial component of many countries' fiscal systems.
How can breast cancer be classified histologically?
5 answers
Breast cancer can be classified histologically using advanced methods such as deep learning-based models and ensemble techniques. These approaches involve utilizing deep learning models like DenseNet, Inception, VGG, MobileNet, and ResNet for feature extraction, followed by classification using classifiers like multi-layer perceptron and support vector machines. By dividing histopathological images into patches and applying stain normalization, regularization, and augmentation methods, these models can accurately classify images into categories like normal, benign, in situ, and invasive, achieving high accuracy rates of up to 98.6% for 2-class image classification and 97.50% for 4-class image classification. Additionally, incorporating bidirectional long short-term memory networks for progressive feature encoding and majority voting methods can further enhance the classification accuracy of histopathological images, potentially aiding in clinical cancer diagnosis.
How an website in veterinary and in medicine can help?
5 answers
A veterinary and medical website can be highly beneficial in various ways. Firstly, it can serve as an educational platform, like the 'EBVM Learning' resource, aiding in teaching evidence-based veterinary medicine. Secondly, such websites can enhance client engagement and revenue generation through effective branding, well-designed websites, and online services like appointment booking and prescription orders. Additionally, e-learning tools like the Interactive Veterinary Education Tool (IVET) can support teaching and learning in veterinary science, providing theory, exercise, and image editors for content creation and assessment. Moreover, a responsive website-based information system for veterinary clinics can streamline access to medical records, benefiting both clinic administrators and patients. Lastly, veterinary practice websites can influence client perceptions and attract new clients by showcasing the veterinary team's expertise and diversity.