Generative AI and ChatGPT are never far from the news at the moment. But what does AI mean for the future of tax and making sure your tax function doesn’t get left behind?
To help answer that question, Stuart Tait, Partner, and Chief Technology Officer for Tax & Legal is joined in conversation with Chris Barnes, Partner, who leads our national reward practice, and Benjamin Alarie, Founder and CEO of Blue J, who has seven years’ experience of applying AI to tax.
Watch the video to hear their full discussion. Here’s a quick summary:
- Tax leaders should embrace AI. Open yourself up to what it can offer and make yourself ‘professionally vulnerable’.
- AI can help you test scenarios. It can be some time before you can see the impact of your tax planning. AI enables you to test scenarios in a low-risk environment.
- There’s still a role for people. AI can free tax professionals up to focus on the human element of the job.
- Generative AI is next. The next generation of tax AI will be able to answer any tax question.
For more information on the impact of AI on your tax function, get in touch with Stuart Tait or your KPMG representative.