A new fiscal policy for a world of accelerated change and artificial intelligence


In the decade since the Great Recession, governments have used fiscal policy to prop up flagging domestic demand. This response has been considered appropriate because the shock was seen as temporary. But this attention to demand-side weaknesses may have distracted governments from attending to supply-side gaps that have been widening with the acceleration of technological change and artificial intelligence. Policymakers should start paying more attention to what's called structural fiscal policies, that is, changes in both public spending and tax collection to aid the expansion of the productive potential of economies. As laborsaving technologies flood the market, delays in doing this could mean that workers pay a stiff price, while consumers do not realize many of the benefits.

Wells Fargo AI platform says Amazon's HQ2 will be in Boston

Daily Mail

Atlanta was Georgia's only applicant and is considered a front runner, with an Amazon lobbyist visiting the city in December. Atlanta never disclosed the details of the proposal it submitted for HQ2, but it described it as'aggressive' in terms of incentives offered. City officials did not specify what the incentives were. 'On the city side alone, we put forth more incentives than we've ever put forward in the history of the city,' Mayor Kasim Reed said last year, adding that'nothing was left on the table.' Austin did not promise any financial incentives or city tax cuts with its proposal.

Nearly 70 Percent of Taxpayers Support Use of AI to Improve Accuracy of Filings, Accenture Global Survey Finds


Nearly 70 Percent of Taxpayers Support Use of AI to Improve Accuracy of Filings, Accenture Global Survey Finds'Digital tax assistant' could prove especially beneficial to 40 percent of taxpayers who reported making filing errors NEW YORK; Feb. 20, 2018 – Nearly 70 percent of taxpayers in 12 countries said they would use AI to improve the accuracy of tax filings, according to a new study by Accenture (NYSE: ACN), which also found that more than 40 percent of taxpayers reported making a filing error in the last 24 months. The Accenture Digital Taxpayers Research asked more than 6,500 taxpayers across Europe, Asia-Pacific and North America who interacted with their tax authority in the prior 12 months about their experiences with, attitudes about and expectations of revenue authorities. The findings indicate that in an era in which people around the world expect easy and simple consumer experiences, tax rules and regulations still confuse citizens. For instance, 38 percent of respondents said they are not confident they pay the right amount of tax, and 44 percent said they feel their tax knowledge could be improved. While most respondents said they have limited contact with their revenue authorities after filing a tax form, half (51 percent) reported contacting their revenue authority once or twice in the past year, with 20 percent reporting three or more contacts.

The Policy Prognosis for AI: Winner of the SSUNS 2017 Essay Contest


Furthermore, with advancements in quantum computing and machine learning, many notable public figures, including Stephen Hawking and Elon Musk, have indicated a growing concern with the imminent threat of AI surpassing human intelligence (Gosset, 2017). For instance, Darrell M. West, a political scientist, has proposed a protectionist framework that appeals to transhumanism, in which he restructures socioeconomic policy to account for changes in technology-induced unemployment. In particular, he posits that "Separating the dispersion of health care, disability, and pension benefits outside of employment offers workers with limited skills social benefits on a universal basis" (West, 2015). Expounding upon this equivocation, a more viable solution to potential unemployment is the realization of a multi-faceted policy which advocates the improvement of STEM-related education on a broad economic base, with habituation programs for the unskilled workforce. That is, with the implementation of appropriate and reformatory policies concerning the future development of AI technologies, this sector provides an economic incentive for new job creation, compatible with industrial development.

The Latest: Walker Calls for Kimberly-Clark Tax Credits

U.S. News

The Dallas-based company said last week it was closing the facilities, resulting in a loss of 600 jobs. Walker said Monday he is asking the Legislature to increase job retention credits from 7 percent to 17 percent, the same level extended to Foxconn Technology Group for its planned display screen factory and campus in southeast Wisconsin.

Google gets earnings boost thanks to Google Home holiday sales, but it's not all picture perfect


The holidays were good to Google's parent company, Alphabet, because of hardware products like Google Home, an Alexa competitor, execs said during a fourth-quarter earnings call Thursday. During the call, Ruth Porat, CFO of Alphabet, and Google CEO Sundar Pichai boasted that revenue was up 24 percent to $32.3 billion for the final quarter. However, Google's per-share earnings still fell below Wall Street expectations, partially because of a new tax on foreign assets that hit Google like a $9.9 billion brick. Pichai praised the voice-enabled Google Assistant for bringing the company's machine learning goals to more people. "We've been laying a foundation for an AI-first company," he said.

Google CEO: we're happy to pay more tax


Wed 24 Jan 2018 14.02 EST Last modified on Wed 24 Jan 2018 14.15 EST The chief executive of Google has declared he is happy for his company to pay more tax, and called for the existing system to be reformed. Sundar Pichai told an audience at the World Economic Forum in Davos that the tax system needed to be reformed to address concerns that some companies were not paying their fair share. Speaking before the French president, Emmanuel Macron, challenged tech giants to pay more tax, Pichai said: "As a company we paid, over the last five years, close to 20% in tax. We are happy to pay a higher amount, whatever the world agrees on as the right framework. It's not an issue about the amount of tax we pay, as much as how you divide it among various countries."

Saks president on artificial intelligence: 'We don't need A.I. in our stores. We have I'


Saks Fifth Avenue isn't intimidated by the emergence of artificial intelligence and consumer preferences shifting to online retail, the luxury department store's president told CNBC on Friday.

Brace yourself for AI and blockchain


At first glance, the threats seem clear: One type of software will learn how to perform all manner of business functions, particularly in finance and accounting, while another will continuously validate any set of data or information.

Clustering the Top 1%: Asset Analysis in R – freeCodeCamp


The recent tax reform bill passed in the US has raised a lot of questions about wealth distribution in the country. While there's been a lot of focus on how the tax plan will impact income, there's been less attention focused on how this plan impacts the assets of wealthy households.