-
Samsung logs record quarterly profits despite investor AI jitters
-
Microsoft beats expectations fueled by Azure cloud business
-
Shares in Google owner Alphabet plummet on profit miss, ad slowdown
-
Shares in Google owner Alphabet sink on profit miss, ad slowdown
-
US Fed holds interest rates steady despite 'too high' inflation
-
Pioneering US labor leader Dolores Huerta dies at 96
-
Airbus aims for record deliveries despite disappointing quarter
-
US Fed holds interest rates steady despite surging inflation
-
Real Madrid, La Liga apology over Mbappe shows power of Chinese market
-
US labor leader Dolores Huerta dead: family
-
'Cruise for life' strands passengers in Cambodia as operator goes bust
-
French firm Safran helps build aircraft wings of the future in UK factory
-
Canada hikes rates to contain oil price surge caused by Iran war
-
World Bank warns of worsening food insecurity as commodity prices soar
-
Nintendo producer 'all nervous' as Zelda classic remake hits shelves
-
Billionaire Ambani's Jio soars in market debut after India's biggest IPO
-
Three killed by storm in southern India
-
AI chip giant SK hynix posts seven-fold surge in quarterly operating profit
-
Two hundred 'Cruise for life' passengers stranded in Cambodia
-
S.African activists push back on data centre rush
-
Billionaire Ambani's Jio jumps 21% in market debut after record India IPO
France taxman deploys AI spy to spot hidden swimming pools
France's tax authority said Monday that a new artificial intelligence system had found thousands of undeclared swimming pools, allowing it to collect millions of euros from homeowners who failed to report the facilities.
Developed by Google and Capgemini, the AI software learned how to spot pools on aerial images of nine French departments during a trial run last year, which were then cross-checked with land registry databases.
Since pools boost property values, they usually lead to higher property and residency taxes -- unless the owner neglects to notify tax authorities.
Private pool sales had already been booming in France before the Covid pandemic, which saw a surge in installations as millions of employees began working from home more often.
According to the Parisien newspaper, which reported the results of the AI test, an average pool of 30 square metres (320 square feet) would be taxed at 200 euros ($200) a year.
In the nine test departments, the software detected more than 20,000 pools, which led to the collection of some 10 million euros in tax revenue last year.
The DGFiP public finances authority said the programme would now be rolled out nationwide, potentially leading to 40 million euros in new levies in 2023.
It could also eventually be used to find undeclared home extensions, patios or gazebos, which are also used to factor property taxes, the authority said.
S.F.Lacroix--CPN