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...

Featured Product

Oriental Motor USA - Ideal for AGV/AMR Applications

Oriental Motor USA - Ideal for AGV/AMR Applications

The BLV Series R Type brushless DC motor (BLDC motor) speed control system offers the design of motor and driver significantly reduced in size and weight, yet high-power, and contributes to the battery driven automation. The BLV Series R Type is compatible with the two interfaces of Modbus (RTU) and CANopen communication.