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Bloomberg

AI Presents 'Unique Risks' Warns Former IRS Chief

Daniel Werfel, former Commissioner of the US Internal Revenue Service, joined Caroline Hepker and Lizzy Burden on Bloomberg Radio as the UK's tax authority undertakes a major digital overhaul. HMRC is aiming to move most customer interactions online by 2030, while updating legacy systems and exploring the use of AI. Werfel, now with Public Digital, which is advising HMRC, discussed the challenges of delivering large-scale government transformation, as well as concerns around AI, data protection and the security of sensitive public sector systems.

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Bloomberg

NJ's Montclair Cuts School Staff and Mulls March Tax-Hike Vote

The wealthy New Jersey town of Montclair is making staff and program cuts at its public schools in an effort to address a $20 million budget gap. The commuter town discovered the deficit in July, with a judge recently swatting down a vote aimed at raising property taxes to mitigate the problem. Bloomberg's Erin Hudson talked about the story on "Bloomberg Markets" with Dani Burger.

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