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Optimize your tax risk identification and management using data

Optimize your tax risk identification and management using data

How tax jurisdictions can use technology to combat profit shifting and modernize their tax management systems.

This article is authored by Bureau van Dijk’s tax risk specialist Maqbool Lalljee and is included in the Intra-European Organisation of Tax Administrations' (IOTA's) publication Impact of Digitalisation on the Transformation of Tax Administrations (2018).
 
This article discusses:

  • the challenge of integrating and maintaining data sources, as well as data exchange and reporting set up under the Base Erosion and Profit Shifting (BEPS) Action Plan 13
  • how blending structured third-party information with existing data sources provides powerful tax modelling capabilities
  • simple and innovative risk management systems that enhance “upstream” and “downstream” risk identification processes