IMF: It is not recommended to directly impose special taxes on generative AI, but each economy needs to adjust its tax system for AI

According to news from this site on June 19, the International Monetary Fund (IMF) recently stated in a report that it is not recommended to directly impose special taxes on generative AI, butcountries need to comprehensively adjust their tax systems for the development of AI. , striking a balance between AI development and protecting the workforce.

The IMF believes that directly levying special taxes on generative AI to mitigate the impact of this most disruptive "automation tool" on the labor market is not feasible in practice, and will also hinder the development of social productivity. .

Economies need to expand tax policy adjustments for generative AI to the broader area of “automation investment”.

Some developed economies have imposed excessive taxes on automation investments aimed at replacing labor. Incentives, supporting policies for investment in this area need to be reconsidered to mitigate the impact of AI amplifying labor market imbalances;

The situation is just the opposite in some developing economies, where automated tools are currently used Replacing manpower will lead to a heavier tax burden, which will hinder the deployment of AI and thus affect social development.

The government could consider granting tax creditsfor actions that reduce labor losses due to automation, even if these actions are not targeted at specific occupations.

Countries need to raise capital income tax rates instead of lowering this tax rate as developed countries have done in recent decades:

The wave of automation brought about by AI will not be possible Avoid eroding the labor income tax baseand reducing fiscal revenue. If not compensated for by a higher capital income tax rate, it will affect the scale of the government's long-term social investment in higher education and welfare;

And capital Lower income taxes will indirectly lead to high unemployment and intensify friction in the labor market;

In addition, the economic rents obtained by dominant enterprises in the winner-take-all market continue to rise, leading to increasingly serious inequality, and excessively low capital income taxes There is no solution to this problem.

The IMF believes that given that AI servers consume a lot of energy,imposing a carbon emission tax on them is a good way to reflect the impact of AI on the ecological environment in technology prices.

This site noticed that the IMF also stated thatgenerative AI will also bring more possibilities to the development of the tax system itself:

AI technology can change the way tax management is The information system structure subverts the classic tax theory and urges the government to rethink tax models that were difficult to achieve in the pre-AI era, such as personalized progressive value-added tax, lifetime income tax, etc.

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