Machine learning is now able to analyze court decisions and predict how judges may respond in certain situations, based on an analysis of existing caselaw. Artificial intelligence technology is currently available to analyze tax and employment caselaw, but it's easy to see how this could be relevant to the insurance space as well – particularly in the claims area. Potential uses could include analysis of decisions around tort liability, for example, or accident benefits cases. A tax law expert recently provided an illustration of how the technology works in a webinar Wednesday. Benjamin Alarie, CEO and co-founder of Blue J Legal, uses the artificial intelligence suite to predict how the courts may decide issues about things such as tax deductions.
IBM Australia has made its financial results for 2017 available, reporting to the Australian Securities and Investments Commission it raked in AU$40 million in after-tax profit, more than double its 2016 AU$16.8 million lull. Revenue for the 12 months to December 2017 was reported as AU$2.8 billion, a decrease from 2016's AU$3.2 billion. Receipts from customers totalled AU$2.6 billion, while AU$2.5 billion was paid out to suppliers and employees. During the 12-month period, the local arm of IBM paid AU$8.4 million in tax, almost half of the AU$13.9 IBM considers its principal continuing activities in Australia to be the provision of advanced information services, products, and technologies, including the marketing of imported and locally produced information processing equipment, software, and supplies.
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.
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."
On this week's If Then, Slate's April Glaser and Will Oremus talk about a key detail in the new tax plan that could have a huge effect on gig workers in the tech sector--and maybe even robots. They also discuss Apple's "batterygate" iPhone situation: What happened, and what can we take from their unusual apology? The hosts are also joined by Slate's Future Tense editor Torie Bosch to talk about the anthology she co-edited What Future: The Year's Best Ideas to Reclaim, Reanimate & Reinvent Our Future.
Republicans argue that the lower taxes for corporations and wealthy individuals promised in the tax bill currently before Congress will result in new investment in businesses and more jobs. But in the age of artificial intelligence and automation, trickle-down economics won't create employment. What corporations and the US economy at large need most in this emerging era is not more free cash, but a new approach to machine-assisted human productivity and purpose.
Trump opens Asia trip with Japan's Abe against backdrop of tensions with North Korea Just one in three Americans trust Trump to handle North Korean tensions well Japan's Abe treats Trump to a day of personal diplomacy, including golf and trucker hats Brazile says Democratic primaries weren't'rigged' though some see evidence in her new book Trump is silent on Saudi king's purge though he and Salman spoke by phone Japan's Abe treats Trump to a day of personal diplomacy, including golf and trucker hats Brazile says Democratic primaries weren't'rigged' though some see evidence in her new book Trump is silent on Saudi king's purge though he and Salman spoke by phone The greatest benefit from the House Republican tax bill would go to upper-income households, according to an analysis released Monday by the nonpartisan Tax Policy Center. Middle-income taxpayers -- those earning between $48,600 and $86,100 annually -- would receive an average tax cut of $700 next year, or about 1% of their after-tax income, the analysis said. The top 20% of the nation's earners -- those making more than $149,400 a year -- would receive an average tax cut of $4,850, or about 1.4% of after-tax income. Those top earners would also receive 60% of the total tax benefits under the plan. Of that, the top 1% of earners, defined as those making more than $730,000 a year, receive about 22% of the total amount of tax cuts in 2018, the Tax Policy Center said.