In the new IREF working paper “Taxing Artificial Intelligences”, Julian Arndts and Kalle Kappner analyse the fiscal implications of the presence of artificial-intelligence (AI) machines in the production processes.
After the incredible Republican presidential primaries opened the path to the surprising, to say the least, Donald Trump Presidency in 2016, today the Democracy Party is involved in a quite similar situation. While three years ago there were 17 candidates at the Republican primaries (5 of them (...)
Facebook’s greatest recent challenge has been the fading of its brand. A veritable slew of newer social media platforms are cooler and more trendy than Fb, which now languishes in popular esteem as the social platform of choice for the out of touch greying generations, rather than youngsters. (...)
While all of the former socialist economies have liberalised and strengthened their markets over the past two decades, they have failed to strengthen the rule of law (see Table 1). Under socialism, legal systems are not designed to protect the rights of individuals. Instead, they serve the (...)
Over the last few decades, our living standards have improved significantly. Today, cars are technologically sophisticated, apartments are comfortable, and pharmaceuticals are safer. The working of the markets has enhanced technological progress. Yet, technology does not progress linearly. (...)
Reuters reported in May that “The European Commission is working on its biggest regulatory push on banking since the 2008 financial crash that could curb Britain’s access to the bloc”. According to Reuter’s account, the document outlines three areas which the Commission seeks to reform: bank (...)
Despite plenty of terrifying predictions about populist coalition victory and its consequences, the latest European election provided a rather different outcome. No tsunami materialized, no earthquake. Nothing that would wipe-out the political equilibrium at the heart of the European Union as (...)
IREF is a free-market oriented think tank. It promotes ideas, events, and academic research.
With regard to research, IREF supports original projects that lead to the production of papers of academic quality of at least 7,000 words. This support is not a prize to published work, nor is it an (...)
German chancellor Angela Merkel recently expressed concerns over Germany’s and Europe’s technological competitiveness. Others voiced doubts about Germany’s tech future, too. One of the reasons mentioned more frequently to justify this pessimism is the shortage of skilled labour. As a result, calls (...)
Personnel changes are afoot, both of Central Bankers and Politicians. ECB President Draghi will step down at the end of October when his eight-year term expires. Half the ECB Governing Board will also be replaced at the same time. Bank of England Governor Mark Carney’s term expires at the end (...)
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