Tax and benefit fraud costs governments worldwide billions of dollars every year. Tax and benefit regimes have typically been developed and adapted over many years by successive governments, resulting in a complex system of exceptions, allowances, waivers and benefits.
By applying the unique social network analysis and scoring techniques of Detica NetReveal® to national scale data sets across all systems involved in the tax and benefits regime, government departments can
- create a single view of all individuals, companies, addresses and other entities across all tax and benefit regimes;
- perform scoring at individual or network level to identify areas with a high risk of fraud, evasion or serious criminality;
- apply risk assessment to all tax applications or returns, and prioritise investigations and interventions accordingly;
- increase the efficiency of tax compliance teams, focusing their efforts to tackle priority cases that provide maximum yield;
- improve visibility of the overall risk position;
- ensure tax investigators are equipped with the full facts before starting an investigation;
- ensure minimal levels of false positives, avoiding wasted investigation effort;
- enable specific campaigns to be created and executed, with full workflow and outcome capture;
- reduce the cost and time of investigations.
Detica NetReveal® has been proven to:
- reduce investigation times from weeks to days;
- identify previously undetected evasion worth several millions of dollars;
- prevent organised repayment and credit scheme frauds;
- facilitate the detection of previously unknown modes of tax evasion that other risk solutions overlook.
