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South Korea introduces world's first 'robot tax'

• telegraph.co.uk By Cara McGoogan

The country will limit tax incentives for investments in automated machines as part of a newly proposed revision of its tax laws.

It is hoped the policy will make up for lost income taxes as workers are gradually replaced by machines, as well as filling welfare coffers ahead of an expected rise in unemployment, according to the Korea Times

Experts predict robot workers will replace humans in numerous industries in the near future, with machines and artificial intelligence expected to take a third of British jobs by 2030

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