To be sure, AI adoption could come with some serious fiscal benefits for governments, including higher growth, stronger corporate and wealth tax receipts, and sharper tax administration. AI-powered digitalization could also plug compliance gaps, potentially adding up to 1.3% of GDP in revenue for countries with weak enforcement, according to Moody’s, citing IMF data.
"Having greenlit rampant airport expansion, and now potentially a raft of data centres, it's unclear how ministers will ensure the UK sticks to its legally binding climate targets and prevents rocketing emissions and water usage," the Friends of the Earth spokesperson added.
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