South Korea introduces a tax on robots

14 August 2017, 10:35 | Technologies
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South Korea plans to reduce tax incentives introduced earlier for investing in manufacturing automation. This government initiative journalists already dubbed the first tax on robots.

The government of South Korea plans to abolish the tax incentives imposed by the previous government for enterprises implementing automation of production. Previously, it was an economic stimulus for the development of industry. Now, excessive mechanization leads to a significant reduction in jobs, and consequently - to a decrease in the revenue side of the budget and an increase in unemployment, "explains The Telegraph with reference to the South Korean agency The Korea Times.

Actually, against the backdrop of the mechanization of production and the accompanying mass layoffs, the government ceases to receive income taxes from employees and therefore wants to take more money from the enterprise budget directly. Some of these funds will be used to pay benefits to the unemployed, but this issue is still in the background.

It is worth noting that the idea of ??taxes on robotization is not new - even Bill Geist. However, he adheres to the same ideas as the Korean government:

"If an employee does work for, say, $ 50,000, then you can take taxes from him and we will receive income tax, social security tax and the like. I do not think that a robot can be taxed at the same level, "- said the founder of Microsoft in February.

The ideas of Bill Geest did not find the proper support. Enterprises and manufacturers of robots said that the tax on robots would damage enterprises and would hamper innovation.

In the European Union, although admitted this year that artificial intelligence also has its own personality, but tax on robots has so far been abandoned.

Based on materials: telegraph.co.uk



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