The Role of  Artificial Intelligence (AI) in Understanding, Deepening, and Applying Financial and Fiscal Law Regulations Cover Image

The Role of Artificial Intelligence (AI) in Understanding, Deepening, and Applying Financial and Fiscal Law Regulations
The Role of Artificial Intelligence (AI) in Understanding, Deepening, and Applying Financial and Fiscal Law Regulations

Author(s): Ionel Bostan
Subject(s): Politics / Political Sciences, Law, Constitution, Jurisprudence, Public Law, Law on Economics, Fiscal Politics / Budgeting, Commercial Law
Published by: Editura Lumen, Asociatia Lumen
Keywords: artificial Intelligence; financial-fiscal law regulations; understanding/deepening/application; advantages; challenges/limitations;

Summary/Abstract: Artificial intelligence (AI) is undoubtedly an emerging technology and an important component of the future of financial and fiscal legislation, with the potential to significantly improve the way taxpayers interact with tax authorities and how society’s financial resources are managed. The aim of this paper is to analyze the impact of AI on the processes of understanding, deepening, and applying financial and fiscal legislation. Our approach follows the structure below: (1) Introductory considerations; (2) Overview of financial-fiscal legislation; (3) Facilitating access to financial-fiscal legal information and improving the legal interpretation process through AI; (4) The use of AI systems in the deepening and application of financial-fiscal law; (5) Some challenges and limitations; the future of ai in financial-fiscal legislation; (6) Conclusions, research limitations, and future directions of study. Primarily, our conclusion is that AI represents an innovative tool for the in-depth understanding and efficient application of financial and tax legislation, supporting both professionals and taxpayers in comprehending and complying with legal norms, while reducing risks and optimizing fiscal management processes.

  • Issue Year: 11/2024
  • Issue No: 2
  • Page Range: 1-14
  • Page Count: 14
  • Language: English
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