IVIX Solutions for the Public Sector

The digital transformation of commerce has spawned a litany of enforcement and compliance challenges. IVIX’s e-commerce solution equips agencies and authorities with better visibility and precise insights into true business activity and unreported revenue for businesses selling online. Leveraging open-source intelligence (OSINT), AI, and graph analytics, the IVIX solution does this rapidly and at scale, enhancing tax transparency and fostering compliance. IVIX’s turnkey e-commerce solution helps authorities to:

• Ensure all eligible independent e-commerce sellers are registered and compliant, immediately helping to increase compliance and tax revenue, and effectively curbing ongoing revenue loss.
• Analyze aggregated data of business activity across popular e-commerce platforms, including online marketplaces like Etsy and Amazon, and websites built on platforms such as Shopify (which are not covered under marketplace facilitator laws).
• Identify e-commerce websites operating outside major marketplaces.
• Detect whether businesses are accurately collecting and remitting sales tax.
• Conduct revenue analysis for activity on each platform.
• Access critical metrics, including transaction volumes, sales data, and compliance data.

Leveraging publicly available data and AI, IVIX’s e-commerce solution automatically monitors and aggregates online business activity, marrying the information generated by online marketplaces with data obtained automatically from various public platforms to identify the entities behind that business activity. This data is automatically analyzed and incorporated into IVIX’s extensive graph database, delivering a list of leads containing seller profiles, business activity, platforms used, and revenue generated. IVIX’s solution does this at speed and at scale, rapidly canvassing the landscape to produce investigative leads for government agencies and law enforcement.

For each lead generated, IVIX provides the entity (i.e., name, jurisdiction, contact information) and their estimated revenue, in addition to all the supporting internet data used to produce each lead. Once the agency receives these leads from IVIX, they can be automatically internally matched to internal data. The insights provided by IVIX’s solution enable authorities to accurately and efficiently identify non-compliant businesses on e-commerce platforms so they can quickly take appropriate action.

The rise of cryptocurrencies and non-fungible tokens (NFTs) has introduced new complexities into the world of tax compliance and financial crime. The ability for government authorities to accurately identify and attribute activity is especially critical in this rapidly evolving digital industry where anonymity is purposefully designed into the system. IVIX's turnkey solution for Crypto and other digital assets gives authorities visibility into complex digital transactions. IVIX’s Crypto solution:

• Dives deep into major blockchain platforms like Bitcoin and Ethereum, NFT marketplaces, and more, capturing detailed transactional data and profile information.
• Employs advanced techniques to trace crypto wallet owners, even when their identities are obscured by semi-anonymity on digital platforms.
• Provides a clear analysis of tax obligations derived from crypto and NFT transactions, ensuring authorities can pinpoint non-compliant behavior.
• Delivers comprehensive metrics, including transaction volumes, sales values, and specific compliance data.

The IVIX platform leverages AI, automation and OSINT to monitor and attribute global activity related to digital assets. The result is an expansive graph database of buys, sells and trades, the associated crypto wallets, and a precise accounting of the financial transactions, expressed both in cryptocurrency and USD at the exact moment of sale. In addition, the IVIX platform marries this information with data obtained automatically from various public platforms to identify the entity behind the transactions. While challenging to do manually due to the subculture of anonymity inherent in the crypto world, IVIX’s technology can identify the entity behind the avatar at speed and scale, within minutes for many thousand subjects. IVIX’s technology can also cross-reference and match with agencies’ internal data.

The rise of global financial markets and offshore asset storage has made compliance with international laws a significant challenge. IVIX’s FATCA/CRS solution is designed to help law enforcement agencies and tax authorities ensure adherence to regulations and uncover unreported offshore income by entities liable for taxation. Using sophisticated algorithms, IVIX traces and identifies previously hidden foreign assets that are subject to reporting under FATCA/CRS. The IVIX FATCA/CRS solution:

• Automatically identifies unreported offshore assets at scale: Using sophisticated algorithms, IVIX traces and identifies previously hidden foreign assets that are subject to reporting under FATCA/CRS.
• Identifies entities with incomplete or faulty details, including missing or incorrect IDs, misspelled names, nicknames, and unidentified addresses.
• Addresses FATCA/CRS reporting standards by incorporating detailed data points like payment types, controlling entity types, account holder types, and more.

IVIX’s FATCA/CRS solution empowers government agencies to efficiently uncover hidden offshore assets, enhance compliance, and recover lost tax revenue. Automating complex data analysis streamlines enforcement, minimizes false positives, and significantly reduces compliance costs.

The popularity of short-term rentals and sharing platforms is undisputed: Globally, the Short-Term Vacation Rental Market is expected to generate USD 100.8 Billion in revenue in 2024. Semi-Anonymous profiles refer to hosts or property owners who choose to remain undisclosed or unidentifiable when it comes to tax-related matters. IVIX enhances transparency by providing law enforcement and tax authorities with precise insights into unreported activity on short-term rental platforms. IVIX has developed a Short-Term Rental solution that uses publicly available data across the world to calculate the amount of rental income by participants in the short-term rental market and deliver this to tax authorities. The IVIX Short-Term Rental Solution:

• Collects and analyzes online rental listings from web platforms.
• Demystifies anonymous short-term rental profiles.
• Provides comprehensive information to ensure accurate tax collection.

IVIX’s Short-Term Rental solution is a turnkey solution that enables authorities to rapidly identify non-compliant hosts and take appropriate action, boosting accuracy and efficiency while recovering tax revenue and fostering compliance.

The Gig Economy is the portion of the labor market characterized by short-term jobs and typically flexible hours, such as freelancing, as opposed to traditional full-time jobs. According to the World Bank, the Gig Economy accounted for 12% of the total global labor market in 2023. The rise of the Gig Economy has revolutionized the way work is done, yet the flexibility of the Gig Economy often brings opacity in tax compliance, as freelance activities scatter across various platforms. IVIX’s solution harnesses the sprawling world of freelancing into a coherent, transparent framework for tax clarity. By navigating the intricate maze of digital portfolios, client reviews, and project fees, IVIX’s Gig Economy solution:

• Extracts comprehensive business activity data pertaining to freelancers from freelance web platforms.
• Integrates insights from other online platforms where freelancers often advertise services, network, and engage with clients.
• Correlates identities with the associated revenue streams, directly linking freelancers to their fiscal responsibilities.
• Furnishes pivotal metrics, such as transaction volumes and project-specific compliance data on major platforms.

IVIX’s Gig Economy solution enables agencies to identify and address noncompliance within the vast freelance ecosystem, at speed and scale, so authorities can prioritize the highest-impact cases.

When corporations operate across borders, employ resources from different tax jurisdictions, and capitalize on offshore benefits, the intricacies of their operations become a challenge to decipher. IVIX’s NEXUS solution sheds light on these complex landscapes, going beyond standard database aggregators to give authorities visibility into multijurisdictional business practices. IVIX’s NEXUS solution automatically identifies foreign corporations with activities that suggest a "permanent establishment" within a specific jurisdiction, locating "fixed places of business" through the identification of physical premises and the activities of employees or agents representing the corporation. IVIX then leverages advanced algorithms to conduct an in-depth analysis that produces comprehensive reports for these entities.

By providing visibility into obligations stemming from a "permanent establishment," IVIX enables a clearer understanding of a corporation's tax dues within a specific jurisdiction, providing insights such as the number of employees, their roles, and the business's segmentation across various functions such as marketing and development, both locally and abroad. IVIX also enhances enforcement related to "transfer prices" in international transactions among related entities, identifying undisclosed relationships that could indicate profit shifting to havens—a common tactic. IVIX’s NEXUS solution:

• Drills down into nuanced elements like transfer pricing, bringing out intricate details of cross-border transactions and their implications.
• Casts a spotlight on offshoring practices, drawing out the benefits corporations seek and any associated noncompliance.
• Illuminates issues surrounding permanent establishments, ensuring corporations are accurately taxed where they create value.
• Scrutinizes Nexus thresholds and activities, ensuring clarity in tax liabilities across states and countries.
• Offers comprehensive overviews that go beyond mere numbers, interpreting corporate stories and their tax narratives in every jurisdiction.

​​​​This suite of tools and analyses empowers authorities to enforce tax laws more effectively, ensuring that multinational corporations fulfill their obligations accurately and transparently.

The Influencers market consists of individuals who promote businesses on their social media platforms, often generating substantial income in the process. Influencer marketing has recently surged in value, reaching a staggering USD 21.1 Billion in 2023 (a 28.7% increase over 2022). Tax authorities worldwide recognize the potential revenue implications of influencer earnings. IVIX’s Social Media Influencers solution provides tax authorities with a comprehensive view of the Influencers market, enabling them to improve tax compliance by delivering:

• A list of high-impact influencers operating within specific jurisdictions.
• Activity and revenue estimations, so tax authorities can gauge potential tax liabilities.
• Actionable insights into influencer reach and impact.
• A list of posts labeled as "marketing" or "advertising" for transparency and compliance assessment.

​​​​​​By leveraging OSINT, AI, and specialized algorithms, IVIX’s Social Media Influencers solution delivers complete visibility into revenue generating activities, enabling tax authorities to identify and prioritize high-impact cases.