Sustainable Economic Growth Through Artificial Intelligence -Driven Tax Frameworks Nexus on Enhancing Business Efficiency and Prosperity; An Appraisal

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.

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Publication Details

Journal
International Journal of Latest Technology in Engineering Management & Applied Science
Published
2024-09-28
DOI
https://doi.org/10.51583/ijltemas.2024.130904
Citations
1
Primary Topic
Energy, Environment, Economic Growth
Type
article
Field-Weighted Citation Impact
1.13
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article

Sustainable Economic Growth Through Artificial Intelligence -Driven Tax Frameworks Nexus on Enhancing Business Efficiency and Prosperity; An Appraisal

Oluwaseun Rafiu Adesanya, Shallon Asiimire, Baton Rouge., Fechi George Odocha. et al.
1 citations
International Journal of Latest Technology in Engineering Management & Applied Science
Energy, Environment, Economic Growth
1.13
article

Sustainable Economic Growth Through Artificial Intelligence -Driven Tax Frameworks Nexus on Enhancing Business Efficiency and Prosperity; An Appraisal

Oluwaseun Rafiu Adesanya, Shallon Asiimire, Baton Rouge., Fechi George Odocha., Friday Anwansedo
article en
1 citations

Abstract

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.

International Journal of Latest Technology in Engineering Management & Applied ScienceVol. 13(9)
Southern University (BD)
Openalex Percentile: Top 11%
Energy, Environment, Economic Growth
1.13
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