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flag UK tax agency HMRC can't determine how much tax billionaires pay, urging for AI to improve analysis.

flag The UK's HM Revenue and Customs (HMRC) can't identify how much tax UK billionaires pay, according to a Public Accounts Committee (PAC) report. flag The PAC urged HMRC to improve understanding of the wealthy's tax contributions and publish plans to boost tax yields from high earners. flag The report suggested using AI to analyze wealth data and improve targeting of wealthy taxpayers. flag The PAC also criticized HMRC's low estimate of the tax gap, suggesting it's significantly higher.

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