THE FINANCIAL EYE PERSONAL FINANCE Is the EU Crushing Innovation with AI Tax Plans?
PERSONAL FINANCE TAX TIMES

Is the EU Crushing Innovation with AI Tax Plans?

Is the EU Crushing Innovation with AI Tax Plans?

Completely rewrite the following article in a fresh and original style. Ensure the new content conveys the same sentiment and message as the original. The rewritten article should:

  1. Start with a compelling introduction that hooks the reader (do not label this section).
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TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
Foundation Director Critiques Potential AI Levy in Europe. Broad Corporate Tax Improvements Would Better Boost Innovation.
Artificial intelligence (AI) has become an increasingly salient issue for governments. In Europe, the AI question already has turned from how we can embrace it to how we can tax it.
Recent AI advancements come at a time when the EU is claiming to move away from overregulation to focus on competitiveness. If the EU is serious about this mission, its answer to the AI-tax question matters. Broad-based improvements to corporate taxation would better support an innovative Europe than narrow carveouts or punitive tax hikes.

This is a preview of our full op-ed originally published in Bloomberg Law.
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