REFLECTIONS ON THE IMPLICATIONS OF THE FOURTH INDUSTRIAL REVOLUTION (FIR) ON TAXATION

Abstract

This article highlights the implications of the technologies driving the Fourth Industrial Revolution (FIR) on the taxation profession. The FIR is among the current issues of discussion across the world both, in general, and on the technologies that drive it. The FIR has been discussed in various places and contexts. These include in the 2016 World Economic Forum (WEF) and recently at Davos 2020. Technologies that drive this revolution include but are not limited to advanced robotics, artificial intelligence (AI), the internet of things (IoT), virtual and augmented reality, predictive analytics, autonomous/driverless vehicles including drones; sensors and automatic identification as well as corporate/enterprise wearables and additive manufacturing (AM).