Graham Richter (EY) argues that GenAI is the future for tax functions – and it is a future with a human at the centre.
Few technologies have generated as much interest in the public domain as Generative AI (GenAI). On the face of it this technology promises to significantly disrupt and transform parts of society. The key question is: what will it mean for tax?
Firstly the nature of our work means that tax will be particularly susceptible to disruption by GenAI. Secondly instead of leading to large scale job losses GenAI will likely supercharge tax professionals in their existing roles making them much better at what they already do. Thirdly upskilling on effective use of this technology is essential. GenAI won’t replace you but someone using it might.
Putting these messages together it is clear that GenAI is...
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Graham Richter (EY) argues that GenAI is the future for tax functions – and it is a future with a human at the centre.
Few technologies have generated as much interest in the public domain as Generative AI (GenAI). On the face of it this technology promises to significantly disrupt and transform parts of society. The key question is: what will it mean for tax?
Firstly the nature of our work means that tax will be particularly susceptible to disruption by GenAI. Secondly instead of leading to large scale job losses GenAI will likely supercharge tax professionals in their existing roles making them much better at what they already do. Thirdly upskilling on effective use of this technology is essential. GenAI won’t replace you but someone using it might.
Putting these messages together it is clear that GenAI is...
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:
