Fraudsters are relentless but tax agencies are tenacious in their pursuit of illicit acts. In recent years, synthetic identity fraud has emerged as a significant threat to businesses and tax agencies. Unlike traditional identity theft, where criminals steal real personal information, synthetic identity fraud involves creating entirely new identities by
Fraud knows no boundaries. It’s one of the biggest challenges related to tax governance around the world. Tax crimes have serious consequences – tax losses, tax base erosion, national security risks and economic disruption. The effect is far-reaching. Governments are strained to fill the gap between revenues and spending and
The COVID-19 pandemic forced government agencies to accelerate digital transformation efforts, and the Internal Revenue Service (IRS) was no exception. The IRS was already in a significant transition period, spurred by the Taxpayer First Act, which was signed into law in July 2019. The Act was designed to improve the
