AI risks Israeli tax income
The article reveals the Israeli Ministry of Finance's efforts to reshape tax policies to address the impacts of artificial intelligence on the labor market and government revenues. Israel is considering increasing taxes on capital and undeveloped land, and implementing a tax on digital services provided by multinational companies, in order to protect tax revenues that are heavily reliant on wages and employment. The ministry faces challenges such as the potential rise in unemployment rates, increased financial concentration among large corporations, and the risk of high-wage jobs being replaced by outsourcing. Proposed solutions include levies on undeveloped land, a "Netflix tax," and taxes on luxury products and energy consumption. There are also warnings against taxing AI systems or robots directly, as such measures could hinder investment and affect financial stability in a context of growing technological dependence.
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