AI could be the solution to catching tax cheats

The fear of AI usually revolves around the fear of an uprising and humans being attacked by our new robot overlords. Researchers at MIT and non-profit technology source Mitre have a new terrifying future for AI. Well, not that scary to most people, but something that could put a fright in the accountants of tax-cheating corporations. The researchers propose a using artificial intelligence to investigate complex tax shelters that keep companies and the rich from paying their fair share of taxes. It’s like Skynet but with a really awesome calculator and algorithms. The IRS currently analyzes data from filed returns and looks for patterns from firms that are already under suspicion. It usually takes years to unravel the Gordian knot of accounting that surround dubious partnerships and good old fashioned…

Link to Full Article: AI could be the solution to catching tax cheats

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!