00:00Taxes are the lifeblood of the government.
00:17To us, the tax payers, we only see political taxes.
00:23We lose our income, we lose our money because we pay taxes.
00:27There is no direct benefit to us.
00:30It is up to us to pay our taxes.
00:35This fight against tax fraud.
00:39Ghost receipts, these deceptive documents used to illegally reduce taxable income,
00:45have long undermined our revenue system.
00:48This sinister practice has cost the government billions of pesos in lost tax collection
00:55and we have largely been unable to detect and combat it until now.
01:01These receipts, though validly registered,
01:04mask fake transactions and enable unscrupulous businessmen to obey their rightful tax obligations.
01:12And in our quest for a more systematic approach to detect such fraud,
01:17we turn to mathematics and data analytics.
01:22I am proud to announce our groundbreaking partnership with
01:26Ateneo de Manila University's math department
01:29and their graduating master's degree students
01:32dedicated four months with us to develop sophisticated algorithms
01:36that empower the Bureau of Internal Revenue
01:39to identify ghost receipts with remarkable accuracy.
01:44Through techniques like network analysis and Benford's laws,
01:49these young minds have provided us with powerful tools to combat fraudulent activities.
01:55This collaboration not only enhances our capabilities
01:58but also exemplifies the innovative spirit of our nation.
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