OECD Deputy Secretary-General Kono on Tax Reforms

The video discusses the economic context in Malaysia and Asia, focusing on sustainability and inclusiveness as key objectives. It highlights Asia's strong investment prospects and examines economic fundamentals and market shifts, particularly in relation to US tax cuts and inflation concerns. The discussion extends to tax reforms and their potential for long-term growth, with a focus on structural reforms. The video concludes with a debate on corporate tax rates and strategies for achieving sustainable development goals in Asia.

What are the main objectives discussed in the first section regarding economic growth in Asia?

• Rapid industrialization

• Sustainability and inclusiveness

• Military expansion

• Technological advancement

How does the OECD contribute to achieving better policies for sustainable growth?

• By providing financial aid

• By organizing trade fairs

• By advising governments and central banks

• By enforcing international laws

What economic changes in the US are mentioned as influencing market shifts?

• Introduction of new trade agreements

• Reduction in government spending

• Increase in import tariffs

• Tax cuts leading to higher treasury yields

What is the potential impact of GST adoption in Asian countries?

• Rise in unemployment rates

• Reduction in consumer spending

• Increase in sustainable investments

• Decrease in foreign investments

What concern is addressed regarding corporate tax rates in Asia?

• An increase in tax rates

• A rise in tax evasion

• A decrease in tax compliance

• A race to the bottom