In recent years, Generative AI (GenAI) has gained significant attention in the tax profession. With the emergence of large language models and user-friendly chat interfaces, tax professionals now have access to powerful AI-enabled solutions that can revolutionize their processes and decision-making.
In a March 2024 publication, Generative AI: What should tax directors be thinking about? Deloitte UK tax experts aim to provide tax directors with a strategic framework for integrating GenAI within the tax function. Rather than focusing on specific products and use cases, they explore the broader capabilities of GenAI and its potential applications in the short, medium, and long term. They also address the risks associated with AI and the importance of developing a longer-term strategy to harness its full potential.
Source Deloitte
