America's biggest defence tech company Palantir to help IRS detect taxation fraud

The IRS has partnered with Palantir for a new tool, SNAP, to enhance audit selection and investigations. This $1.8 million contract aims to overcome the agency's outdated technology. SNAP analyzes existing data to identify potential tax discrepancies in areas like disaster relief and energy credits, marking a significant upgrade from older methods.

By TOI TECH DESK