Sustainable Economic Growth Through Artificial Intelligence -Driven Tax Frameworks Nexus on Enhancing Business Efficiency and Prosperity; An Appraisal
Year: 2024
Type: article
Abstract: : The article examines the nexus between Artificial Intelligence (AI)-driven tax frameworks and sustainable economic growth, with a focus on enhancing business efficiency and prosperity. The research made use of explorative method. As governments and businesses face challenges like climate change, resource depletion, and income inequality, AI offers transformative potential in optimizing tax frameworks. By leveraging AI technologies such as machine learning, data analytics, and natural language processing, tax systems can become more efficient, equitable, and transparent. The paper proposed optimized tax collection strategies driven by artificial intelligence. The paper recommended the need to address technical, regulatory, and operational challenges by focusing on strategies targeting each of them can tax authorities and businesses employ the full potential of AI-driven tax frameworks.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4402949718