Amid fears about robots replacing human jobs8 teen video sex interracial South Korea could become the first country in the world to introduce a "robot tax."
A new proposal could see the country reduce the amount of tax benefits for companies that invest in automated machinery.
SEE ALSO: Bill Gates is another smart guy who is terrified of artificial intelligenceSo while it's not exactly a direct tax on robots, it looks like the government is making investment in robotics less appealing for companies.
South Korea has the highest concentration of robots in the world, with 531 multipurpose industrial robots for every 10,000 employees in the manufacturing industry.
"Though it is not about a direct tax on robots, it can be interpreted as a similar kind of policy considering that both involve the same issue of industrial automation," an industry source told news outlet The Korea Times.
Currently, South Korean companies that invest in automation equipment can have up to 7 percent of their corporate tax rate deducted. The new ruling however, will see this cut by up to 2 percent.
But does South Korea really have a reason to be worried?
Perhaps so. The country's unemployment rate hit a 17-year high earlier this year, with some 1.17 million jobless people.
It's difficult to say if the increase in unemployment rate is actually linked to an increase in automation, but at the very least, the money saved from reducing the tax incentives could be channelled to welfare programs.
But this isn't the first time the idea of a "robot tax" has been suggested.
In February, Bill Gates came out in favour of introducing similar measures, saying that working robots should be taxed at a similar rates to their human counterparts.
"For a human worker who does $50,000 worth of work in a factory, the income is taxed," Gates had told news outlet Quartz.
"If a robot comes in to do the same thing, you'd think that we'd tax the robot at a similar level."
Gates was later criticised for his comments, with some saying he was "holding back progress."
South Korea's current tax laws are set to expire at the end of the year, after which the new proposals are expected to take effect.
Topics Artificial Intelligence
PlayerUnknown's Battlegrounds Mini
With new $2,300 iPad Pro, Apple proves itself a bunch of brilliant jerks
The OnePlus 6T is coming to T
Sony reveals the 20 iconic games coming with the PlayStation Classic
11 Tech Products That Were Supposed to Fail... But Didn't
Yes, Super Mario is hiding in a mustachioed strawberry
Intrepid rat attempts to escape mall cop by going up the down escalator
Satoshi Nakamoto's Bitcoin whitepaper turns 10
Optogenetics: A Virtual Reality System for Controlling Living Cells
A group of 'witches' went paddleboarding, and the photos are delightful
Trump who? Tech giants join massive effort to uphold Paris Agreement
That picture of Justin Bieber eating a burrito sideways was a total hoax
Uber's biggest rival in India just laid off nearly 1,000 employees
Please Apple, don't kill MagSafe
Three Apps to Combine All Your Messaging Clients Into One
Waymo gets the OK to test fully driverless cars in California
RPGnet gaming forum formally bans Donald Trump support on the website
Please Apple, don't kill MagSafe
We tried Sony's new XYN headset: a game
Apple unveils new MacBook Air with retina display
This moving fan story about George R.R. Martin will make you tear upRelax a bit about politicsWill 'Game of Thrones' season 8 tie up these character loose ends?Powerful Mannequin Challenge video highlights the Black Lives Matter movement3 ways to combat climate change according to young activistsDC Universe subscription service gets a surprise Xbox One launchStar Wars: Galaxy's Edge will sell blue milk...and Space Diet CokeThe top Twitter jokes of 'Game of Thrones' Season 8 premiereWhat the hell is going on with Matthew Lillard's Instagram account? An investigation.Nope, 'The Simpsons' didn't predict the John Lewis Christmas advertEverything women stand to lose to President TrumpChilling moments from day one in Trump's AmericaTesla's selfBTS performed 'Boy With Luv' and 'Mic Drop' on 'SNL': WatchBrits are begging Obama to move to the UK and become Prime MinisterEmilia Clarke posts adorable Instagram ahead of 'Game of Thrones' premiereAaron Sorkin pens impassioned letter to daughter on Trump winThis moving fan story about George R.R. Martin will make you tear upThis letter proves the Nixons saw Trump's victory comingNope, 'The Simpsons' didn't predict the John Lewis Christmas advert Angelina Jolie, Gwyneth Paltrow also say they were sexually harassed by Harvey Weinstein Want to stop men like Harvey Weinstein from ruining women's lives? The solution is simple. Shake Shack embraces automation—but claims it won't hurt its famed hospitality Matt Damon on helping Harvey Weinstein squash allegations: 'I just wouldn’t do that' Tim Cook admits Apple AR glasses won't happen anytime soon Georgina Chapman leaves husband Harvey Weinstein with a strong statement Google got duped by a fake ad blocker, and 37,000 people accidentally downloaded adware Oops, Mark Ruffalo accidentally livestreamed his pocket to thousands of people Soon, you'll be able to bookmark tweets to read later Eminem just delivered an emotionally charged anti TV hosts totally lose it trying to pronounce a weatherman's name Amazon has a new Prime deal for college students. Snapchat makes its biggest move yet in becoming America's WeChat Nintendo just filed a trademark for the Game Boy, and we're hyped Cyberstalker's 'anonymous' VPN leads to his arrest by federal agents Gruesome horror game fights the horrors of the world in a charity drive Equifax hackers got 10 million driver's licenses Terrifying photos show deadly wildfires rampaging across California Andela rakes in $40 million to connect tech companies with more African engineers Wine industry and vineyards affected by Northern California fires
2.5976s , 8589.7890625 kb
Copyright © 2025 Powered by 【18 teen video sex interracial】,Exquisite Information Network