TITLE:
Discussion on the Development of Artificial Intelligence in Taxation
AUTHORS:
Zhuowen Huang
KEYWORDS:
Artificial Intelligence (AI), Taxation, Supervision
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.8 No.8,
August
28,
2018
ABSTRACT: With
the development of AI technology, a new forecasting and statistical model for
tax auditing has been created. In recent years, thanks to breakthroughs in AI
research, tax professionals have gained new analytical and statistical tools,
providing convenience and improving efficiency. These tools have formed the
basis for systematic frameworks that avoid the disorder and complexity of data processing
and analysis in Excel spreadsheets. Additionally, AI provides simulated tax
risks, which can help more complex human judgments to be made. AI can also aid
detection of fraud, contributing to its supervision and monitoring by
government. The development of AI continues, and its deployment has certain
limits and risks that must be recognized.