How is AI reshaping taxation?
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Tagged: FinancialLiteracy, taxtips
Imagine a near future where the IRS uses AI systems to automatically analyze tax returns, detect inconsistencies, and flag potential fraud in real time. Accounting firms are already adopting AI-driven platforms that prepare and optimize tax filings with minimal human input. While this automation reduces errors and speeds up processing, it also sparks debate about data privacy, algorithmic bias, and the shrinking role of human tax professionals. In such a scenario, how do you see AI changing the balance between efficiency, fairness, and accountability in taxation?
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