There has never been a more eventful time in the world of tax compliance. It seems like every day, the digital age brings new challenges for tax authorities -- and new opportunities.  Read on for new data about the tax gap, and what tax authorities are doing to drive compliance.

• The surprising truth about eCommerce tax compliance 
• PoliticoPro: Bitcoin's tax gap
• New: Crypto Capital Gains Report
• CIAT.org: Using OSINT to close the tax gap
• The latest data on the US tax gap
• Where's IVIX?

The Surprising Truth about eCommerce Platforms & Tax Compliance

by Stephen Ryan

"Build your own" eCommerce platforms like Shopify have democratized eCommerce, enabling anyone to set up an online store in just a few easy steps. These platforms even include automated tax modules for state and VAT compliance. However, they are not always setup or used correctly – if at all. Stephen Ryan analyzes the challenges presented by these eCommerce platforms, and what tax authorities can do to improve compliance and revenue collection.  Read  more

PoliticoPro interviews Don Fort on Tax Revenue in the US Crypto market

PoliticoPro recently interviewed IVIX CBO and former IRS-CI Chief Don Fort regarding IVIX's latest report on the tax revenue potential of the US crypto market. With the amount of realized capital gains stemming from Bitcoin in the US alone totaling $30 billion a year, this market should be on the radar of all tax authorities. Read the full interview, and download the IVIX report here.

Fun Fact: The crypto industry spent $120 million on the US election

...as of August, making it the largest single contributor by industry to this election.

CIAT.org: A New Way to Use Open-Source Intelligence (OSINT) to Detect Financial Crimes & Reduce the Tax Gap

By Don Fort

In recent years, tax authorities worldwide have faced mounting challenges in effectively collecting taxes. But how do you close the tax gap if there is no information reporting, no bank secrecy act or blatantly suspicious financial activity, and all the commerce and transactions take place on the internet? Open-Source Intelligence (OSINT) holds the key. Read Don Fort's blog for the Inter-American Center of Tax Administrations (CIAT) for more. 

ICYMI: The IRS released new data on the US tax gap, placing it at almost $700 billion for 2022. 

To learn what's fueling the US tax gap and why noncompliance rates remain stubborn, check out our analysis.

Where's IVIX?

IVIX has travelled around the world this year to educate tax authorities on how to tame the beasts of noncompliance and close the tax gap in the digital age. We've presented at several conferences, hosted webinars and moderated panels with the IRS and other experts on bringing digital assets such as crypto into compliance. You can catch us next at:

• November: SEATA Roundtable, Atlanta 
• December: FTA Compliance, San Antonio

IVIX's Deborah Pianko recently presented at the 2024 Western States Association of Tax Administrators (WSATA) Conference, teaching audiences how to uncover sales tax noncompliance. Pennsylvania DOR discussed their experience working with IVIX during the presentation.  

Want to find out how you too can quickly find sales tax noncompliance? Contact Deborah for more.

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