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THE REVENUE COMMISSIONERS have said that the hi-tech methods employed to track tax dodging should not be confused with simply creeping on Facebook.
The Finance Minister yesterday revealed that tax evasion was being tracked through “social network analysis”. However, the Revenue Commissioners say that that goes beyond looking to see if you have a picture of a shiny new car on your Facebook.
A spokesperson told TheJournal.ie that the office was moving with the times to catch those who avoided tax.
“In an increasingly digitalised economy, Revenue uses all the tools available to identify and target non-compliance risks. Using advanced IT system we assess risks, whether at a transactional, individual taxpayer or business sector level, and from that we determine the type of compliance intervention that best addresses the risk”.
The spokesperson added that there are four key approaches.
Social Network Analysis:
“A recent addition to Revenue’s risk evaluation approach is Social Network Analysis. This approach should not be confused Twitter or Facebook!
This technology uses our own data and other data available to Revenue to identify links and relationships between individuals and businesses.In essence SNA allows complex networks of individuals and businesses to be easily visualised and understood.”
Risk, Evaluation, Analysis and Profiling system (REAP):
“REAP cross-checks and interrogates all the various data sources we have available on individual taxpayers and businesses, and risk ranks the taxpayer population, automatically highlighting the particular issues that need to be examined in the context of Revenue’s tax compliance activities.”
Real-Time Risk Analytics
“Real-time risk analytics ensure that transactions are risk assessed in real time i.e. as the transactions are processed.
A combination of predictive models and specific business rules are applied to transactions and behaviours, to identify compliance risks such as fraudulent refund or repayment claims.
Predictive Analytics
“Revenue is also developing and maintaining other predictive models using advanced data mining techniques. These models are used to identify risky cases by analysing historical risk indicators and then predicting the future behaviour of cases. The models are used for case selection and decision support.”
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Not good at all! I look forward to the day when we start seeing these major corporations taking on people rather than letting them go.
Did you not hear the announcement from Intel about their expansion? Take note Journal.ie.
Just remember folks these are the same guys urging a yes vote, who ll cut jobs here and drop us in an instant just to save a few cent. NOT the type of people whose opinion should be trusted on sovereign affairs! Deeply sad news, let’s hope the loss of jobs here is small.
This is just to do with supply and demand, HP is going down as it has not diversified to meet the competition.. The saved money may be invested back into the company and hopefully improve it..
So would it be fair to say that supply and demand will remain the same regardless of whether we are on board this packed metaphorical train? If that’s the case, and as you point out below, Irelands democratic wish won’t make a blind bit of notice to FDI investment and retraction in Ireland? More spoof so from Yes side?
Well your right there about FDI whether we vote yes or no, no difference,
There “hiring” alright, 40+ hrs a week for unpaid “work experience”.
Jesus can we have one story were someone doesn’t bring up the stability treaty or government.
This is bad news. But am I crazy or did I recently read somewhere that HP were actually taking on staff ??
They seem to hire a lot of their engineers etc through a independent subsidiary called HP CDS this allows them to offer lower terms and less benefits as opposed to normal HP engineers.
Stability !!!! Yeah right.
This has nothing to do with the treaty.. If industry X goes bust it’s because of the market shifts
have your say