Tag: AI

Persistent, huge VAT fraud issues push tax authorities to adopt Machine Learning and Generative Artificial Intelligence National tax agencies in Europe and beyond are increasingly turning to Artificial Intelligence tools to help bring down stubborn Value Added Tax fraud leakage. The EU estimates it loses

Will ChatGPT and other natural language Artificial Intelligence chatbots produce reliable VAT advice? No. And yes. Whilst Artificial Intelligence (‘AI’) tools have boomed in the hunt for VAT evasion, its over confidence in delivering ‘hallucinatory’ written advice has sunk it as a credible advisor. Its