Revenue hosts advanced analytics conference in Dublin Castle

This morning (22/05/2017) Niall Cody, Revenue Chairman, opened a two-day international conference on advanced analytic techniques in tax administration. This is the third such conference jointly organised by Revenue and the OECD Forum on Tax Administration (FTA).

The FTA includes Commissioners from 50 OECD and non-OECD countries, including members of the G20. Its objective is to improve taxpayer services and tax compliance by helping tax administrations increase the efficiency, effectiveness and fairness of tax administration and reduce the costs of compliance. The forum facilitates Commissioners to identify, discuss and influence relevant global trends and develop new ideas to enhance tax administration around the world, as well as identifying areas for mutual cooperation. Revenue leads the FTA’s programme of work on advanced analytics.

As new data becomes available through international exchanges, domestic third-party sources, and real-time information systems, this conference provides a forum for the exchange of ideas and best practices. Bringing together senior decision makers and analytics practitioners from 24 tax administrations worldwide, the aim of this year’s conference is to help tax authorities determine how they should further evolve to take full advantage of the rich new data sources now at their disposal.

Since 2015 Revenue has invested substantially in the development of analytic capabilities. In his opening remarks, Niall Cody said: "Advanced analytics allows us to make data-based predictions. Effective data analytics help us to make it easier for taxpayers to comply, manage risk, address non-compliance and allocate our resources cost-effectively."

Mr. Cody went on to say: "In bringing together senior decision makers and analytics practitioners from tax administrations worldwide, this conference encourages collaboration. It allows tax administrations to learn from one another and share examples of how advanced analytics is improving organisational performance, and provides a forum to discuss and determine next steps. As we get access to more and more data, the challenge now is to set up our teams and processes, and manage our data, to make sure that we fully capitalise on the opportunities available to improve our operations and deliver better outcomes to taxpayers".

[ENDS]
[22/05/2017]