AI could shrink work's share of Dutch tax revenue
The then social affairs minister told parliament that a scenario in which AI makes work less important as a tax base is "conceivable". The chief of a data firm said at the IMF that growth without more state revenue is possible.
Last year, then Minister of Social Affairs Eddy van Hijum (NSC) said in answer to parliamentary questions that it is "conceivable" that labour, until now by far the biggest source of tax revenue in the Netherlands, loses importance as a tax base.
In mid-October, at the annual meeting of the International Monetary Fund in Bangkok, Adrian Brown, chief executive of data company Windfall, said an economy that does well while the state gets no share of the gains seems "contradictory", but is "very well possible".
A panel at the meeting discussed what artificial intelligence means for public finances.
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NSC (Nieuw Sociaal Contract)
A Dutch political party founded in 2023 by Pieter Omtzigt, a former CDA member of parliament known for his work on government accountability.
IMF (Internationaal Monetair Fonds)
The International Monetary Fund is an international organisation of member countries that works to promote global monetary cooperation, exchange-rate stability and financial stability. The Netherlands is one of its member countries. Its annual meetings bring together finance ministers and central bank governors from around the world to discuss the global economy.