By Zhu Zhimeng 朱知萌 Peking University School of Transnational Law
The digitization and automation of the global economy have the potential to destabilize what is arguably the world’s most important tax tool–personal income taxes. Therefore it has wide-ranging economic and social implications.
These effects include but are not limited to, an increase in the gap between rich and poor, an increase in unemployment, and a reduction in national tax revenues. After reviewing global literature, I found that the overall international consensus of experts is that it is imperative to tax robots.
In June 2017, Nobel laureate Robert Shiller said that to alleviate the income gap caused by the robot revolution, it is necessary to reconstruct the … Read the rest