Publication Type
Blog Post
Version
publishedVersion
Publication Date
3-2019
Abstract
The positive impact of developments in technology on the economy has historically outweighed the disruptive impact on employment. Society has benefited from the efficiency gains derived from the application of technology in production, while workers displaced by these technologies have largely been successfully retrained and employed in other jobs. However, the pace of development of the “Fourth Industrial Revolution” now presents a risk of mass displacement of human labour, particularly in tasks that are repetitive and menial. The “Fourth Industrial Revolution” is characterised by significant progress in a closely-linked cluster of areas such as robot dexterity, machine learning, processing power, and sensor capabilities, which reduce the costs of automation and enhance its potential benefits.
Keywords
Taxation, Tax Law, Robot Tax, Automation Tax, Capital Allowances
Discipline
Artificial Intelligence and Robotics | Tax Law
Research Areas
Innovation, Technology and the Law; Corporate, Finance and Securities Law
Publisher
Cambridge University Press
Citation
OOI, Vincent.
Automation tax vs robot-tax. (2019).
Available at: https://ink.library.smu.edu.sg/sol_research/2899
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.