The goal of tax administration agencies is to maximize compliance with tax-related rules and regulations. SPSS predictive analytics solutions are particularly useful in these efforts. From massive amounts of tax filing data, predictive analytics helps agencies identify the cases most worth investigating. In this way, agencies optimize staff resources and increase revenue recovery.
Audits are an important tool agencies use to ensure compliance with tax laws and maintain associated revenue streams. An audit is a process with many progressive stages. At each stage, decisions must be made that will either increase or reduce its efficiency and effectiveness. These decisions may be based on business rules, obtained from years of experience. Predictive analytics can be used to enhance business rules and obtain improved results.
By integrating internal and external data sources to enable a variety of applications, from trend analysis to non-compliance detection and revenue forecasting, predictive analytics helps tax administration agencies answer questions such as:
To learn more about how SPSS solutions support tax administration, contact your SPSS representative today.
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