New Delhi, April 14 -- Tom Blomfield, founder of the UK-based online bank Monzo, said in a recent podcast that income tax could be replaced by a levy on AI infrastructure within the next five to six years, as the technology continues to transform how companies operate and employ people.

"I don't think we'll tax human labour, we will tax compute, (meaning systems like) data centres, and then we will use the proceeds to pay for government," Blomfield said on The Rest is Money podcast, uploaded on Monday.

Speaking to the show host Robert Peston, he argued that AI systems are already outperforming humans in some narrow tasks and said many white-collar roles, including tax accounting, could soon require far fewer workers.

"These AI tools ar...