Definition: Profit shifting discovery refers to the use or consumption of features provided by a profit shifting discovery service. Essentially, it is a business intelligence solution that applies discovery rules and recognition patterns to identify possible tax avoidances by analyzing profits discrepancies. Source: Assistant's Knowledge Source reference: N/A Additional information: Profit shifting discovery is a crucial tool in the field of business intelligence and tax regulation. It uses advanced algorithms and pattern recognition to analyze discrepancies in profit reports, which could indicate tax avoidance or evasion. This system is particularly useful for tax authorities and large corporations that need to ensure compliance with tax laws. It can also help to identify potential areas of risk or loss within a company's financial structure. The system's ability to identify these issues early can save businesses significant amounts of money and prevent potential legal issues down the line. Example: For instance, a multinational corporation might use a profit shifting discovery system to analyze their financial reports. The system might identify that the company's profits in one country are significantly lower than in others, despite similar sales figures. This could indicate that the company is shifting profits to lower-tax jurisdictions to avoid paying higher taxes. The company could then investigate this issue further to ensure compliance with tax laws and prevent potential penalties. LOST view: TVA-Tax Management Enablers [Motivation] Identifier: http://data.europa.eu/dr8/egovera/ProfitShiftingDiscoveryApplicationService EIRA traceability: eira:DigitalSolutionApplicationService ABB name: egovera:ProfitShiftingDiscoveryApplicationService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-28 dct:identifier: http://data.europa.eu/dr8/egovera/ProfitShiftingDiscoveryApplicationService dct:title: Profit Shifting Discovery Application Service