It will be a 2021 of checks by the Tax: the European Union also takes the field to counter the age-old phenomenon of tax evasion. This is why a new 900 million euro program will see the Revenue Agency at the forefront with tightened controls on the basis of the information that the Financial Administration already possesses.
How does it work
The new system EU license plate that will be conducted by the tax authorities, will cause on average at least 300 checks per day only for freelancers who, in the next 12 months, will involve over one hundred thousand VAT numbers. But that’s not all: as reported by Quifinance, all the suspicious movements and transactions of all taxpayers will be seen under the magnifying glass on the basis of the information already present and declared to the Tax Registry.
Technology at the service of the tax authorities
The new method will have intelligence as a potragonist artificial enhanced with network analysis, machine learning and data visualization. All Anglo-Saxon terms that will be used to analyze and discover indirect and hidden relationships between companies whose purpose is to evade taxes (first case); machine learning, on the other hand, will exploit algorithms to take information from previously performed operations and improve its efficiency; finally, some graphical representations of the analyzes carried out by artificial intelligence are part of the data visualization, in order to make the analysis possible for the financial administration officials.
Checks to carpet
The European Union program involving Italy is part of the interventions developed following the Covid emergency: these are measures aimed at optimizing the resources available to the State, which is daily engaged in the front line to counteract the harmful effects of pandemic (but which in fact were paid either by mistake or due to a little careful evaluation of the requirements). The risk for is for all the tax evaders who, for example, have used without being entitled to bonuses that were granted after the total block of activities. In fact, the Revenue Agency will initiate the checks to find “crafty” with the aim of recovering what was unduly received by the State. Those who have received public aid without being properly entitled, therefore, may soon have to pay back everything. Following the approval to proceed by the European Union, therefore, the Treasury is ready to collect.
This project aims to “to prevent and to fight, in increasingly rapid times, evasive and elusive phenomena, put in place through the creation of corporate structures and transactional schemes, VAT fraud, including intra-community VAT, the improper use of tax credits and other facilities”, Explained the director of the Agency Ernesto Maria Ruffini, but always in compliance with the treatment of sensitive data and privacy regulations.
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