US tax authorities take a new step in collaboration between data scientists and tax specialists

The US Internal Revenue Service (IRS) will use artificial intelligence (AI) to tackle tax evasion by large companies.
The IRS previously conducted a pilot using self-learning AI two years ago and has now developed a machine learning algorithm with the help of experts in data science and tax law.
The IRS states that it lacks the manpower to effectively scan complex company structures for potential tax evasion, but AI can assist in this task.
The agency will begin investigations into 75 of the largest US companies by the end of the month, including hedge funds, real estate investment companies, publicly traded companies, and major law firms.
These companies each have over $10 billion in assets.
In the future, AI research will also be conducted on a group of 1,600 companies and wealthy individuals with an annual income of $1 million or more.