Turkey Turns to AI to Crack Down on Rampant Tax Evasion
Turkey adopts AI to fight tax evasion, inspired by Italy and the US. Minister Simsek plans to use algorithms for auditing, launching a campaign to boost tax compliance and transparency, aiming to enhance tax collection efficiency.
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Turkey is turning to artificial intelligence (AI) to combat widespread tax evasion, following the lead of countries like Italy and the US. Treasury and Finance Minister Mehmet Simsek announced plans to utilize algorithms and AI more extensively in auditing companies to tackle tax avoidance and fraud. The government is launching a public outreach campaign to support a new tax bill aimed at enhancing tax compliance. By leveraging advanced technology, Turkey aims to improve tax collection efficiency and reduce instances of evasion. This move signifies a strategic shift towards utilizing AI tools to strengthen tax enforcement measures and enhance transparency in the country's financial system.
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