Rise of Robots: Boon for Companies, Tax Headache for Lawmakers

Linda A. Thompson for Bloomberg News Agency:  European lawmakers are grappling for answers to a question that until recently seemed like the stuff of science fiction: If robots take our jobs, who will pay taxes?

In an age of unprecedented technological change occurring at a faster rate than the Industrial Revolution, concerns over the growing robotization and automation of work have prompted fears about mass unemployment and plummeting tax revenue in the near future, pitting companies and robotics manufacturers against lawmakers and worker advocates.

The issue is taking on new urgency ahead of a Feb. 16 vote before the EU Parliament’s Legal Affairs Committee on whether to create a robotics agency to deliberate on tax and liability issues.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

 igus® - Free heavy-duty plastic bearings sample box

igus® - Free heavy-duty plastic bearings sample box

The iglide® heavy-duty sample box provides a selection of five unique iglide bearings, each suitable for use in heavy-duty equipment due to their self-lubricating, dirt-resistant properties. Each bearing material boasts unique benefits and is best suited for different application conditions, though each can withstand surface pressures of at least 11,603 psi at 68°F.