Australia Tax Office Develops AI to Manage Taxpayer Data (Correct)

Australia’s tax office is developing its own artificial intelligence tools to help manage taxpayer data.

The Australian Tax Office is using AI to review large amounts of unstructured data that “would be impossible for humans given the volumes and complexity involved”, an ATO spokesperson told Bloomberg Tax in a July 5 email.

• A group of specialist scientists at the ATO are developing internal AI tools, with analytical models using AI to help to identify taxpayer populations and risks. The ATO is also using AI to provide real-time prompts to taxpayers to check their income tax returns to help them avoid ...