IMF Sounds Alarm Over AI’s Threat to Government Tax Bases

The head of the International Monetary Fund has warned financial ministers that widespread AI adoption could erode tax bases across the world as incomes are squeezed by the technology. Kristalina Georgieva, the managing director of the IMF, said governments may be ill-prepared for a potential slump in tax revenue brought on by AI’s impact on the labour market. At the fund’s summit in Bangkok, Geor