Blue J: Implications Of The Legal Singularity For Tax Professionals

Benjamin Alarie (Osler Chair in Business Law, University of Toronto; CEO, Blue J Legal), et al., The Path of Tax Law: Toward Legal Singularity, 180 Tax Notes Fed. 1455 (Aug. 28, 2023):

Artificial intelligence is advancing rapidly. It is already changing many areas of our lives, including our work as tax professionals. This change is especially noticeable in the legal world, which is trying to understand and adapt to AI. A Tucciarone I. Introduction Artificial intelligence is advancing rapidly. It is already changing many areas of our lives, including our work as tax professionals. This change is especially noticeable in the legal world, which is trying to understand and adapt to AI. A new book, The Legal Singularity: How Artificial Intelligence Can Make Law Radically Better, explores how society can harness AI to radically improve the law. The volume advances a vision of future law, including future tax law, as comprehensive, complete, and predictable. It carefully develops and examines the concept of the legal singularity, exploring its key foundations, potential ramifications, and pathways for responsible technological progress. AI safety is a key focus.

In this installment of Blue J Predicts, we consider the implications of the legal singularity for tax professionals, drawing on insights from this recently published book. ...

Conclusion
The legal singularity refers to the potential future point at which advancements in AI and technology lead to a profound and paradigmshifting impact on the legal system and profession. Representing a pivotal step toward the legal singularity, generative AI offers the prospect of addressing the long-standing inaccessibility and incompleteness of the law. The fusion of AI-driven rulemaking, personalized legal directives, and responsiveness to dynamic contexts presents an unprecedented opportunity to usher in a new era of legal clarity.

But this transformation must be approached with care, embracing AI’s potential while upholding ethical principles and safeguarding the integrity of the legal system. By embracing generative AI’s capabilities judiciously, tax professionals can harness its power to redefine the boundaries of legal completeness and chart a course toward a more equitable and effective legal landscape.

Blue J Tax Notes Federal articles:

• An Unprofitable Pretax Venture Can Still Be a Partnership, 171 Tax Notes Fed. 1951 (June 17, 2021)
• Economic Substance Doctrine: Still Giving Perrigo Heartburn?, 172 Tax Notes Fed. 599 (July 26, 2021)
• Captive Insurance Appeal in Reserve Mechanical Will Likely Fail, 172 Tax Notes Fed. 1431 (Aug. 30, 2021)
• Seventh Circuit Affirms Spouse Is Not So Innocent on Appeal, 172 Tax Notes Fed. 2149 (Sept. 27, 2021)
• Would Management Fees by Any Other Name Still Be Deductible?, 173 Tax Notes Fed. 499 (Oct. 25, 2021)
• Battling Uphill Against the Assignment of Income Doctrine: Ryder, 173 Tax Notes Fed. 1253 (Nov. 29, 2021)
• Predicting Worker Classification in the Gig Economy, 173 Tax Notes Fed. 1733 (Dec. 20, 2021)
• Using Machine Learning To Crack The Tax Code, 174 Tax Notes Fed. 661 (Jan. 31, 2022)
• Using Machine Learning to Evaluate the Existence of a Trade or Business: Olsen, 174 Tax Notes Fed. 1231 (Feb. 28, 2021)
• Timing Is Everything: The Step Transaction Doctrine in GSS Holdings, 174 Tax Notes Fed. 1849 (Mar. 28, 2021)
• The Debt-Equity Distinction and Tribune Media, 175 Tax Notes Fed. 593 (Apr. 25, 2022)
• Disguised Distributions and Management Fees: Aspro Revisited, 175 Tax Notes Fed. 1401 (May 30, 2022)
• Reserve Mechanical Microcaptive Insurance Arrangement Denied On Appeal, 175 Fed Tax Notes 2037 (June 27, 2022)
• Situational Awareness: Accurate Financial Recordkeeping and Business Deductions, 176 Tax Notes Fed. 713 (Aug. 1, 2022)
• Deducting Legal Expenses: Unpacking the IRS's Appeal In Mylan, 176 Tax Notes Fed. 1419 (Aug. 29, 2022)
• Tax Credits That Bond a Partnership: Revisiting Cross Refined Coal, 176 Tax Notes Fed. 2069 (Sept. 26, 2022)
• Chemoil: Economic Substance, Tax Credits, and Unprofitable Ventures, 177 Tax Notes Fed. 719 (Oct. 31, 2022)
• Cashaw: Conflicting Duties And The Trust Fund Recovery Penalty, 177 Tax Notes Fed. 1257 (Nov. 28, 2022)
• The Rise of the Robotic Tax Analyst, 178 Tax Notes Fed. 57 (Jan. 2, 2023) 
• The Intersection Between Tax Credits And Trade Or Business, 178 Tax Notes Fed. 689 (Jan. 30, 2023)
• Relief of Innocent Spouses — Not So Podlucky, 178 Tax Notes Fed. 1339 (Feb. 27, 2023)
• Overcoming Accuracy-Related Penalties With Reasonable Cause, 178 Tax Notes Fed. 2145 (Mar. 27, 2023)
• Unbridled Losses: Harnessing Machine Learning for Tax Analysis, 179 Tax Notes Fed. 637 (Apr. 24, 2023)
• The Rise of Generative AI for Tax Research, 179 Tax Notes Fed. 1609 (May 29, 2023)
• Conflicting Duties And The Trust Fund Recovery Penalty In Cashaw 179 Tax Notes Fed. 2197 (June 26, 2023)
• The Ethics Of Generative AI In Tax Practice, 180 Tax Notes Fed. 785 (July 31, 2023):