OECD.AI’s Post

Thanks a lot to the French Tax Administration for this very interesting conference on its current and future use of AI ! (and congrats at Su Yang for the work !) The recent conference by the French tax administration has gracefully peeled back the curtain on the role of artificial intelligence in today's tax systems. A notable point from the General Director Jérôme Fournel illustrated that AI's analytical prowess is coming to the fore, with a substantial portion of tax audits (50%) being adeptly recommended by these intelligent systems. He stressed the need for explainability as an obligation toward all tax payers. It was also very interesting to see a glimpse of the new uses cases by Yannis Tannier and some practical example of results ! Please let's do more of these :D ! Tax functions of MNEs need to prepare for these evolution : ensuring their access to their own data ahead of deeper requests by tax administrations, ensuring the auditability and documentation of all data treatment as well as the reconciliation of the output data with the processed outputs (TP docs, simplified TP filings…) Algonomia we offer powerful solutions to help you take control of your data, automate your process and enhance your tax decision-making toolkit ! Do not hesitate to tune in tomorrow on November 9th,12 pm to our webinar on the digital maturity of tax functions. 🔗 Register now: https://lnkd.in/eRPvMybw #taxtech #AI #taxtechnology #tax

#GenerativeAI tools revolutionize tax profession - International Tax Review #AIinTaxProfession 🤝 Follow us on Discord 🔜: https://lnkd.in/gt823Zd3 🤝 Follow us on Whatsapp 🔜 https://wapia.in/wabeta _ ❇️ Summary: Generative AI tools are increasingly being used in the tax profession to automate and streamline processes, according to International Tax Review. These tools can assist with tasks such as data analysis, document review, and compliance monitoring. By leveraging AI technology, tax professionals can improve accuracy, efficiency, and decision-making. However, there are also concerns about the potential impact on jobs and the need for ethical guidelines in the use of AI in tax services. Hashtags: #chatGPT 1. #AIinTax 2. #GenerativeTaxAI

What do tax leaders need to know to be ready to adopt AI in their tax function? Stuart Tait latest blog has the answers: https://lnkd.in/e6WVQq76 #kpmgtax #futureoftax

The #AI revolution in corporate #Tax could be coming sooner rather than later, says a recent report; however, many #TaxDepartments still need to answer data and process challenges to get the most out of their #AITools. https://lnkd.in/gqPK9sg6 #GenerativeAI #TRInstitute

2023 saw several commentators speculating on an AI tax. 2024 kicks off with the FT setting out the case. “For generations, work has been the foundation not just of family income but also of people’s routine and sense of purpose. Try imagining what you would do without your job.” On the one hand, some people will use AI to generate 30% more productivity and value. On the other hand, it seems likely that some will lose their jobs entirely. For those in the first group, life will speed up to ‘AI speed’ - but with a lot of heavy lifting taken away. It’s our brains that will need to be incredibly fast-moving. For the second group, life will slow to a crawl as many day-to-day activities are taken away. No commuting, no meetings, no PowerPoint. Arguably that doesn’t sound too bad - so long as the cost of living is met through other means. Hence the FT’s piece on an AI tax. We may not be able to dodge this for as long as we had expected to… It’s already time to think about an AI tax https://on.ft.com/41NOWdT

The tax world is undergoing a digital revolution, with AI taking center stage. Discover the top five insights shaping the future of tax departments. Read more from the KPMG 2024 Chief Tax Officer (CTO) Outlook Study: https://lnkd.in/g-jxRdE5   #TaxTransformation #generativeAI #CTOOutlook 

What is Boldness in Global Digital Leadership? About the Macroeconomics and Geopolitics of Responsible Artificial Intelligence (AI) in Policy Formulation and Implementation? Over the past years, and in my executive and leadership career around the globe, I’ve witnessed firsthand the critical important role of the effective and responsible application of Cognitive and Generative Artificial Intelligence (AI). Our increasing dependence on STEM, particularly computer-based and artificial intelligence technology, is one of the distinguishing characteristics of talented high-tech experts and executives.   Today, digital transformation is the utmost goal of highly successful C-executives, Leaders, and talented High-Tech experts to gain a sustain a digital edge and sustain a global competitive advantage in 2024. How to climb the Global Executive and Leadership Ladder of Career Success in 2024? Relax and learn more from the right experienced, accomplished, and talented High-Tech experts with world-class experience, cleverness, technological prowess, and digital growth mindset.    I have witnessed the emergence of digital transformation and cutting-edge technologies that have revolutionized our way of life. I am not lucky. I am blessed. Indeed, I am a firm believer in Bold Action to drive Bold Solutions. I proudly embrace STEM with a digital growth mindset.   1) The global list of organizations that have historically ranked as having some of the lowest employee engagement—their sense of purpose on the job. Can low employee engagement impact productivity as well as employee retention? 2) What is the C-suite? About the fiduciary duty of the board of directors? Learn more from the talented High-Tech experts on how organizations could better address work-related issues? 3) What is the list of the world’s TOP jobs paying an annual salary of multi-million-dollar in 2024? Where are they? And in what industries? Can Artificial Intelligence (AI) help professionals find the highest paying jobs with an annual salary of multi-million-dollar plus benefits in 2024? 4) How can you assess your professional worth using Cognitive AI? Discover the Highest Paying C-suite Executive and Leadership Opportunities, including the world’s TOP 10 Highest Paying Jobs offering an annual salary of multi-million-dollars? 5) What is the C-suite? Is your organization at Risk? 6) What is Organizational Culture? What is the list of the world’s TOP 30 most in-demand skills and leadership competencies required and needed for the positions of C-suite Executives in the digital age of change? 7) How to build the right organizational model, corporate human-centric culture of trust, and hierarchical structure to drive digital transformation, harness artificial intelligence and unlock human potential to transform global challenges into great opportunities? 

Our latest KPMG US Chief Tax Officer (CTO) Outlook survey found tax functions are using technology and automation by implementing tax software solutions and integrating enterprise financial systems in their organizations.     One of the benefits the modern-day tax function can bring is using those insights to drive additional value through operational efficiency and strategic decision-making.    Discover more findings in the report: https://lnkd.in/eYKxFP-B #TaxTransformation #GenerativeAI #CTOOutlook

IT'S TAX DAY! If you're still on the fence about letting AI do your taxes, you're not alone — learn more in our latest blog: https://lnkd.in/gCCpr2nj #WhatIfMediaGroup #PerformanceMarketing #TaxDay #TaxDay2024 #AI #Breakthrough

The potential benefits of AI for the tax and accounting profession are real. An average of 56% of tax firm and corporate tax respondents stated that GenAI should be applied to industry work. Read more: https://gag.gl/VPw3qK