ATO is using AI to detect unpaid super and it's right 90% of the time
It is now possible for the ATO to preemptively detect which businesses are most likely to underpay staff entitlements.
Source: smartcompany.com.au
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AI helps Australian Tax Office capture billions of dollars from tax cheats
The ATO is using artificial intelligence to trawl through its large data sets and deliver new insights that are impossible for humans to identify.
Source: afr.com
Tax avoidance: Meet ANGIE, the ATO's Netflix-like secret weapon to beat wealthy tax cheats
The Tax Office is using artificial intelligence to find patterns of interest among corporate structures and high wealth individuals seeking to avoid tax obligations.
Source: afr.com
Future-ready adoption 'could unlock $5.4trn in growth'
Future-ready adoption ‘could unlock $5.4trn in growth’ DUBAI, February 24, 2021 The pandemic-driven acceleration of digital adoption and the resulting new agile ways of operating could unlock $5.4 trillion in profitable growth if applied broadly, according to a new report by global professional services firm Accenture. Accenture’s findings indicate that even amid the current economic uncertainty, a small core of companies —about 7%—have achieved nearly twice the efficiency and three times the profitability of peers. These future-ready companies have doubled-down on digital transfo...
Source: tradearabia.com