Italy’s aggressive use of artificial intelligence to close Europe’s biggest tax gap is starting to make inroads, but still must overcome a national legacy of tax avoidance and strict EU data privacy laws.
“In the last few years, the use of technology and digitization has proven to be a real game changer,” said Paolo Valerio Barbantini, deputy director general and head of the taxpayers division of the Italian Revenue Agency, in a recent video.
The agency has identified 1 million high-risk cases this year and prevented more than 6.8 billion euros ($6.85 billion) in fraud, the tax authority said. ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.