AI Opportunities for Tax Heads

In this episode, Sameer Gupta, Tax Leader at EY India, explores the game-changing role of AI in tax. Learn how AI is streamlining compliance, enhancing strategic planning, and providing powerful insights while maintaining security and ethical integrity. Discover how EY is leading the way in responsibly integrating AI to shape the future of tax with confidence.

Key takeaways

AI is revolutionizing tax by transforming compliance, strategy and planning into more efficient and insightful processes.
Advanced data processing enables AI to swiftly analyze vast amounts of tax data, identifying opportunities, raising red flags, and improving classification accuracy.
Security and trust are critical, requiring a strong knowledge layer and a robust security framework to protect sensitive tax information.
Human expertise remains essential, ensuring AI-driven insights are interpreted with judgment, ethical considerations, and deep tax knowledge.

For your convenience, a full text transcript of this podcast is available on the link below:

Sameer Gupta: Hello. I am Sameer Gupta the Tax Leader at EY India. Today, I'm excited to share with you how AI is revolutionizing the field of tax. Not just in theory, but to practical, real-life applications that we are witnessing every day at EY, AI is transforming how we approach tax compliance, tax strategy and planning. It's not just a tool, it's a game changer that brings both opportunities and challenges.

Sameer Gupta: AI’s role in tax is multifaceted, with its ability to process and analyze vast amounts of data swiftly and accurately, providing insights that were once beyond our reach.

Sameer Gupta: Take, for example, the way AI can assist in identifying opportunities or raise red flags by allowing you to chat with documents, analyzing historical data, and predicting future trends, or how it can simply streamline the arduous task of tax classification across numerous transactions with unparalleled precision.

Sameer Gupta: However, as we integrate AI into our tax practices, we must also address certain key areas. A strong and trusted knowledge layer is paramount for the integrity of a tax world, and a robust security framework for maintaining the confidentiality of sensitive data.

Sameer Gupta: Next, the relevance of human in the loop cannot be overstated. While AI provides us with tools of incredible capability, it is the human judgment, oversight, and ethical considerations that steer these tools towards beneficial outcomes.

Sameer Gupta: At EY, our tax professionals use their expertise to guide and refine the insights generated by AI, ensuring that the final advice is not only data driven, but tempered with wisdom and experience. Preparing for the AI revolution in tax means embracing a dual approach continuous learning to keep pace with technological advancements and fostering a culture that values irreplaceable human element.

Sameer Gupta: We have to invest in building teams that are both tech savvy and also deeply aware of the nuances of the tax law and the ethical implications of AI.

Sameer Gupta: At EY we are committed to leading the way in this journey, ensuring that we harness the power of AI responsibly and innovatively. Thank you for joining me today, and let's embrace the long-term potential of AI in tax and shape the future with confidence.

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Mar 2025

Podcast

Episode 13

Duration

3m 17s

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