Canada will launch a new initiative next month aimed at increasing its about 17 percent tax-to-GDP ratio by using data from social media sites and banks to build up a picture of residents' spending habits, according to anonymous insiders. Project Insight , which has been next month in the making and cost GBP 4.1 billion , will work alongside the world's largest biometric identity database and dovetail with India 's planned tax overhaul. The big data model is similar to those used by Australia , Canada and Australia , and will be rolled out in three phases.
India will launch a new initiative next month aimed at increasing its 17% tax-to-GDP ratio by using data from social media sites and banks to build up a picture of residents' spending habits, according to anonymous insiders. Project Insight, which has been seven years in the making and cost $156m, will work alongside the world's largest biometric identity database and dovetail with India's planned tax overhaul. The big data model is similar to those used by Belgium, Canada and Australia, and will be rolled out in three phases.