Artificial intelligence to help prepare tax returns: report

By 2025 Australians may well see the application of artificial intelligence in the preparation of tax returns, according to a report by KPMG. The report, 2025: People, economy and the future of tax, suggests a future world in which service industry professionals such as accountants will be replaced by robots and the size of revenue authorities such as the Australian Taxation Office will shrink. The movie “I Robot” starring Will Smith envisaged a future world ruled by robots. KPMG does too.   “The technological changes … are likely to mean few mid-skilled jobs will be required,” the report says. Tax in 2025 could  involve the application of artificial intelligence to the preparation of tax returns. “This is beyond complex automation, which would involve picking up items in the general ledger and mechanistically using that data…


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