Improve business compliance to optimize tax collection efforts
Begin closing the gap between what is owed and what is paid in business taxes.
The immense gap between what is owed and what is paid in business taxes is estimated at approximately $500 billion a year.
Much of that gap is due to non-compliant businesses that pay too little or nothing at all. Because of the complexity of businesses and the data silos that exist across jurisdictions, solving this problem has posed a formidable challenge. LexisNexis® leverages big data from multiple sources to help you identify non-compliant organizations, detect fraud and optimize tax collection efforts.
LexisNexis Delivers
Nationwide View
Breaks down data silos providing access to business records nationwide, across states, jurisdictions and agencies.
Multiple Data Resources
Leverages business data gathered from over 13,000 sources, reducing reliance on internal agency and self-reported business information.
Data Linking Technology
Uncovers ownership details, business hierarchies and connections between interrelated business units and individuals using unique identifiers.
Visualization and Mapping Tools
Overlays business and identity data onto a map to further analyze how entities are related and interconnected.
Data Cleansing
Continually updates and validates in-agency data to keep it accurate, current and complete.
Business Intelligence and Analytics
Provides business insights through use of a single analytical platform and helps organize and prioritize business audits and investigations.
Achieve These Results
Close the Tax Gap
Boost revenue by identifying businesses that pay too little or no taxes.
Discover Additional Revenue Sources
Gain insight into hidden businesses and connections to individuals and assets.
Prevent Business Tax Fraud
Obtain a comprehensive and nationwide view that can reveal suspicious activity and expose organized perpetrators.
Optimize Resources and Collections
Prioritize business audits, cases and investigations for faster resolution and maximum collection.
Update and Cleanse Data
Enhance and verify self-reported and in-agency business data. Base strategies on a comprehensive view, backed by verifiable data
Report
Framing the Business Tax Compliance Landscape
Gain a better understanding of the landscape with viewpoints from 29 states.