IVIX is a platform that utilizes data analytics and algorithms to provide tax authorities with visibility into shadow economies by identifying unreported revenue sources. This enables governments to enhance compliance efforts and reduce tax evasion through targeted insights on taxpayer entities and business activities.
Funding
$25.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Tax authorities often lack comprehensive visibility into shadow economies, making it difficult to identify unreported revenue sources and enforce tax compliance. This lack of transparency hinders efforts to accurately assess and collect taxes owed, leading to revenue loss for governments.
Solution
IVIX is a data analytics platform designed to provide tax authorities with enhanced visibility into shadow economies. By leveraging advanced algorithms and data analysis techniques, IVIX identifies potential sources of unreported revenue and provides targeted insights into taxpayer entities and business activities. The platform delivers focused lists of businesses, their estimated revenue, and associated taxpayer entities, enabling tax authorities to prioritize compliance efforts and deter tax evasion. IVIX aligns with existing tax agency operations and technological infrastructure, facilitating seamless integration and adoption.
Target Audience
IVIX primarily targets tax authorities and government agencies responsible for revenue administration and tax compliance.
Features
- Identification of businesses and individuals potentially operating within the shadow economy.
- Revenue estimation algorithms to quantify unreported income.
- Taxpayer entity linking to uncover hidden relationships and ownership structures.
- Prioritized lists of businesses and taxpayers for targeted compliance actions.
- Integration with existing tax authority systems and workflows.
- Data visualization tools for easy analysis and interpretation of findings.
- Customizable dashboards and reporting capabilities.