How Would a Robotics Tax Affect Manufacturing Businesses?
Jim Honz, Former Shareholder
October 4, 2018
These days, manufacturing businesses of all sizes and scopes utilize robots in a variety of ways. Doing so helps these companies save time and money and ultimately improve their bottom lines. However, are there underlying issues with the robotics “revolution” that could lead to potential future taxes? Robotics are truly transforming manufacturing. Yet with this “revolution” comes two questions:
- To what extent should a given manufacturing workforce be automated, and
- Could the job losses associated with increased use of robotics spur governments to implement “robot taxes”?
- Belief, Maximizer, Adaptability, Learner, Input
Jim Honz
Former Shareholder
Jim Honz is a Former Shareholder. His areas of expertise include export tax incentives (IC-DISCs), choice of business entity, and methods of accounting (including Lifo Inventory). In addition, Jim works with tax-exempt organizations on tax and organizational issues.
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