ChatGPT has been hitting the headlines, but to what extent is artificial intelligence likely to impact on tax administration, compliance and advice? Tax administrations are already using AI to some extent and professional firms are also now starting to develop AI assisted tools. However, it is one thing for AI to review data and documents, and quite another for it to generate reliable tax advice in complex scenarios. Crossing that Rubicon will be challenging, but it will happen by degrees. We are on the threshold of a new era.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
ChatGPT has been hitting the headlines, but to what extent is artificial intelligence likely to impact on tax administration, compliance and advice? Tax administrations are already using AI to some extent and professional firms are also now starting to develop AI assisted tools. However, it is one thing for AI to review data and documents, and quite another for it to generate reliable tax advice in complex scenarios. Crossing that Rubicon will be challenging, but it will happen by degrees. We are on the threshold of a new era.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
