Identify and explain the arguments for and against the proposal to tax robots. Which arguments do you find most persuasive: The arguments for, or the arguments and against, and why?
Your response should include, but not be limited to, discussion of:
The meaning and purpose of taxation
What is meant by ‘smart autonomous robot’
Possible impacts on the Australian tax base if there is an increased reliance on a smart autonomous robotic workforce and how to address these impacts
How a smart autonomous robotic workforce could be taxed –who would pay?
To extend familiarity with locating legal decisions and undertaking research into an aspect of currently debated taxation law and practice.
It is important for you to have time to think through how to structure and present your responses, and to review and discuss what the law is in a particular area. Whilst discussion with others is encouraged, the final piece of work must be your own.
What is the decline in value of the robotic machine for Beta Pty Ltd this income year? Provide calculation and reasons for your answer