We consider a descriptive version of Kakutani equivalence for Borel automorphisms of Polish spaces. Answering a question of Nadkarni, we show that up to this notion, there are exactly two Borel automorphisms: those which are smooth, and those which are not. Using this, we classify all Borel R-flows up to C∞ time-change isomorphism. We then extend the notion of Kakutani equivalence to all (not n...