IMF's Gaspar Says U.S. Needs Lower Tax Rates

The video discusses the need for fiscal stimulus in the US, focusing on corporate tax reform due to high tax rates and low revenue. It recommends a neutral fiscal stance and gradual consolidation to reduce public debt. The global fiscal policy is challenged by high public debt and demographic trends. The IMF emphasizes the importance of trade and inclusive growth, despite skepticism from populist politicians.

What is the main recommendation for US corporate tax reform?

• Increase the tax rate and narrow the tax base

• Lower the tax rate and widen the tax base

• Maintain the current tax rate

• Eliminate corporate taxes entirely

What fiscal stance is recommended for the US in the current year?

• Expansionary

• Aggressive

• Neutral

• Contractionary

What is a key challenge for fiscal policy globally?

• Lack of financial sectors

• Excessive fiscal surplus

• High levels of public debt

• Low levels of public debt

How has trade impacted global poverty levels over the last 30 years?

• Helped lift millions out of poverty

• Had no impact on poverty

• Only benefited developed countries

• Increased poverty levels

What role does the IMF emphasize for fiscal policy?

• To guarantee shared growth benefits

• To eliminate trade barriers

• To increase inequality

• To focus solely on developed countries

What is a concern regarding the IMF's influence in the current global environment?

• It is ignoring developed countries

• It is too focused on technology

• It is becoming less relevant

• Its influence is increasing

What is the G20's recommendation for national economies?

• To eliminate all trade regulations

• To focus on short-term growth

• To make trade work for national economies

• To isolate from global trade