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Don’t tax the robots, says AAT
The AAT has firmly condemned recommendations to tax workplace robots, despite the accountancy sector facing rapid automation and increased use of AI.
AAT believes that as long as it is implemented in an effective way, automation, digitalisation and the increased use of AI should be embraced rather than feared.
It says taxing robots would be self-defeating and ‘unacceptable’.
AAT’s head of public affairs and policy, Phil Hall, said: “A robot tax would undermine investment, limit employee skills and income, and risk relegating the British economy to second or third tier status.”
A recent AAT survey of members found 60% believe basic accountancy processes will be fully automated in the next five years, but this was not viewed as a negative.
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