How AI And Robotics Can Change Taxation

Governments are leveraging the benefits of AI and robotics in many fields like healthcare services, transportation, defense, and national security. Governments are rapidly accepting the use of AI, which is opening up new opportunities for innovation in government services, like taxation. Tax is the primary source of money for the government which is necessary to support all the public sector functions. Collecting taxes from citizens in a shorter time and reducing the number of tax defaulters increases the effectiveness and efficiency of tax collection. Effective and efficient collection of tax enables the government to make adequate investments in public sector functions.