Austria's Ministry of Finance has issued a release highlighting its success in using AI to generate an additional EUR 354 million in tax revenue in 2024. AI has been employed by the Predictive Analytics Competence Center (PACC), a special unit in the Ministry of Finance, to detect tax fraud and compliance violations. Using machine learning and text mining, the PACC reviewed 6.6 million tax cases and 23.4 million compliance cases, uncovering false employee assessments, fraudulent tax filings,…