Taxation of automation and artificial intelligence as a tool of labour policy
Rapid developments in automation technology pose a risk of mass displacement of human labour, resulting in the need to support and retrain displaced workers (a negative externality). We propose an “automation tax” that would slow the adoption of automation technology in appropriate circumstances, gi...
Saved in:
Main Authors: | , |
---|---|
Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2019
|
Subjects: | |
Online Access: | https://ink.library.smu.edu.sg/sol_research/2918 https://ink.library.smu.edu.sg/context/sol_research/article/4876/viewcontent/20._Taxation_of_Automation_and_Artificial_Intelligence_as_a_Tool_of_Labour_Policy.pdf |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Institution: | Singapore Management University |
Language: | English |
id |
sg-smu-ink.sol_research-4876 |
---|---|
record_format |
dspace |
spelling |
sg-smu-ink.sol_research-48762019-06-27T07:34:24Z Taxation of automation and artificial intelligence as a tool of labour policy OOI, Vincent GOH, Glendon Rapid developments in automation technology pose a risk of mass displacement of human labour, resulting in the need to support and retrain displaced workers (a negative externality). We propose an “automation tax” that would slow the adoption of automation technology in appropriate circumstances, giving workers and social support systems time to adapt. This could be easily implemented through changes to the existing schedular system of depreciation/ capital allowances, reducing the uncertainty of its application and implementation costs. Such a system would be flexible enough to keep up with rapid technological developments. Two main dimensions may be adjusted to produce intended distortionary effects: 1) accelerated depreciation, and 2) bonus depreciation. While the benefits of efficiency gains mean that the automation tax is unlikely to have widespread application, it does provide a useful tool for specific situations where the rate of automation needs to be slowed due to its resultant social costs. 2019-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/2918 https://ink.library.smu.edu.sg/context/sol_research/article/4876/viewcontent/20._Taxation_of_Automation_and_Artificial_Intelligence_as_a_Tool_of_Labour_Policy.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Tax Law Taxation Automation Tax Artificial Intelligence Robot Tax Internet Law Labor and Employment Law |
institution |
Singapore Management University |
building |
SMU Libraries |
continent |
Asia |
country |
Singapore Singapore |
content_provider |
SMU Libraries |
collection |
InK@SMU |
language |
English |
topic |
Tax Law Taxation Automation Tax Artificial Intelligence Robot Tax Internet Law Labor and Employment Law |
spellingShingle |
Tax Law Taxation Automation Tax Artificial Intelligence Robot Tax Internet Law Labor and Employment Law OOI, Vincent GOH, Glendon Taxation of automation and artificial intelligence as a tool of labour policy |
description |
Rapid developments in automation technology pose a risk of mass displacement of human labour, resulting in the need to support and retrain displaced workers (a negative externality). We propose an “automation tax” that would slow the adoption of automation technology in appropriate circumstances, giving workers and social support systems time to adapt. This could be easily implemented through changes to the existing schedular system of depreciation/ capital allowances, reducing the uncertainty of its application and implementation costs. Such a system would be flexible enough to keep up with rapid technological developments. Two main dimensions may be adjusted to produce intended distortionary effects: 1) accelerated depreciation, and 2) bonus depreciation. While the benefits of efficiency gains mean that the automation tax is unlikely to have widespread application, it does provide a useful tool for specific situations where the rate of automation needs to be slowed due to its resultant social costs. |
format |
text |
author |
OOI, Vincent GOH, Glendon |
author_facet |
OOI, Vincent GOH, Glendon |
author_sort |
OOI, Vincent |
title |
Taxation of automation and artificial intelligence as a tool of labour policy |
title_short |
Taxation of automation and artificial intelligence as a tool of labour policy |
title_full |
Taxation of automation and artificial intelligence as a tool of labour policy |
title_fullStr |
Taxation of automation and artificial intelligence as a tool of labour policy |
title_full_unstemmed |
Taxation of automation and artificial intelligence as a tool of labour policy |
title_sort |
taxation of automation and artificial intelligence as a tool of labour policy |
publisher |
Institutional Knowledge at Singapore Management University |
publishDate |
2019 |
url |
https://ink.library.smu.edu.sg/sol_research/2918 https://ink.library.smu.edu.sg/context/sol_research/article/4876/viewcontent/20._Taxation_of_Automation_and_Artificial_Intelligence_as_a_Tool_of_Labour_Policy.pdf |
_version_ |
1772829706843848704 |