CLEAN : G20 ministers urge tighter tax rules for multinationals

The video discusses the use of tax devices to incentivize growth and the challenges posed by the mobility of talent, capital, and infrastructure in the 21st century. It emphasizes the need for global conversations on tax policy to ensure effective domestic policies. The video also highlights the importance of science and technology in improving economic well-being and addresses the complexities of cross-border tax rules, transfer pricing, and the need for common standards across countries.

What is one of the main goals of using tax devices according to the video?

• To incentivize economic growth

• To promote international trade

• To reduce public spending

• To increase government revenue

What is a key factor in achieving inclusive growth?

• Reducing income inequality

• Increasing government control

• Decreasing foreign investment

• Changing business culture

Why is a global conversation on tax policy considered critical?

• To promote competition among countries

• To achieve permanent improvements in economic well-being

• To ensure uniform tax rates worldwide

• To eliminate all forms of taxation

What challenge does technology pose to current cross-border tax rules?

• It makes it easier to track transactions

• It reduces the need for taxation

• It simplifies international trade

• It complicates the definition of value-added

What is necessary to address issues like transfer pricing?

• Creating a common standard across countries

• Eliminating all tax treaties

• Reducing international cooperation

• Increasing tax rates