 |
| International Monetary Fund (IMF) |
The International Monetary Fund (IMF) emphasized on Monday that tax measures designed for social protection play a crucial role in balancing the risks posed by artificial intelligence, particularly in relation to increasing social inequality.
In a memo, the IMF noted that unregulated use of AI could lead to job losses in certain skilled professions. To address this, the IMF stressed the importance of governments allocating new resources to fund social safety nets for those who may lose their jobs.
The memo stated that "tax policies play a pivotal role in achieving a more equitable distribution of the gains and opportunities generated by generative AI." It added that this would require significant changes in tax systems and social protection frameworks worldwide.
The IMF also called for enhancing unemployment benefits and investing in worker training to prepare them for jobs in the AI era.
At the same time, the IMF opposed the idea of a specific tax on AI, as suggested by some researchers, arguing that such a tax could hinder productivity growth. Instead, it proposed addressing tax loopholes that may encourage job cuts.
Additionally, the IMF supports increasing taxes on capital income to help reduce the growing wealth gap.