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

Robotic Tool Changers Increase Productivity and Reduce Cost

Robotic Tool Changers Increase Productivity and Reduce Cost

The ATI Robotic Tool Changer provides the flexibility to automatically change end-effectors or other peripheral tooling. These tool changers are designed to function reliably for millions of cycles at rated load while maintaining extremely high repeatability. For this reason, the ATI Tool Changer has become the number-one tool changer of choice around the world. ATI Tool Changer models cover a wide range of applications, from very small payloads to heavy payload applications requiring significantly large moment capacity.