Bureau of Labor Statistics Considers IRS Records, Paid Surveys to Improve US Labor Data

The Bureau of Labor Statistics is exploring several strategies to improve the quality and reliability of US economic data amidst declining survey response rates, including paying respondents, utilizing IRS business records, and incorporating private data and artificial intelligence. Meanwhile, in Jammu, India, tax officials are intensifying efforts to boost revenue collection and compliance by leveraging technology such as GST Prime, E-Way Bills, and Business Intelligence Units, with a focus on high-risk sectors and ensuring timely tax filings. In Nigeria, the Federal Inland Revenue Service emphasizes voluntary tax compliance as a sustainable approach to increase revenues, adopting e-invoicing to reduce audit reliance and enhance digitization in the tax system, while implementing stringent cybersecurity measures in collaboration with the National Information Technology Development Agency. These initiatives across different countries reflect a growing recognition of the need to modernize tax and economic data collection systems through technology and innovative compliance strategies.