Tag: Organization for Economic Cooperation and Development, OECD

Organization for Economic Cooperation and Development, OECD
Sunday, April 24th 2016 - 08:26 UTC

International major effort to cooperate on tax issues and halt evasion and elusion

The Panama Papers could create a rare moment to break down secrecy, Robert Stack, a US Treasury Department deputy assistant secretary, said in New York.

The International Monetary Fund and the World Bank are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.

Friday, April 8th 2016 - 05:07 UTC

MP Rosindell blasts 'direct rule' for BOTs as 'unnecessary and unjust'

“I feel it would be both unnecessary and unjust to impose direct rule and force BOTs to raise their tax rates”, and leaving other nations and their OTs untouched.

A UK member of Parliament has come out strongly in support of the British Overseas Territories praising their economic success and the right of their peoples to govern and decide their own future. MP Andrew Rosindell, Chairman of the BOT and Crown Dependencies all party Parliamentary groups described suggestions from some senior figures in Westminster calling for 'direct rule' over BOT's as unnecessary and unjust, based on a complete misunderstanding of the situation.

Friday, February 12th 2016 - 07:02 UTC

Majority of Mercosur teen-agers are 'low performers' in maths, science and reading

Two out of three Argentine teenagers are classified as “low performers” in maths, according to OECD which ranks Argentina 57th out of 64 countries in the subject.

Bad news for Mercosur aspirations. Low standards at schools in most of South America are a common problem according to the latest report by the Organization for Economic Cooperation and Development, OECD, which has the region's students among the last fifteen in a list of 64 countries.

Tuesday, October 6th 2015 - 09:56 UTC

OECD has proposals to cut corporate tax minimization; but much skepticism

Osborne's plan to cut corporate tax rates means UK was embroiled in a “race to the bottom” of tax competition rather than tax co-operation with its neighbors

Companies should pay tax in the countries where they conduct business under new proposals intended to cut corporate tax minimization. An OECD/G20 report found laws allowing companies to shift profits to low-tax jurisdictions means that between $100bn and $240bn is lost annually. That equates to between 4% and 10% of global corporate tax revenues.

Friday, July 31st 2015 - 06:25 UTC

Former Fed chief says discussion is not monetary policy but government spending

“To me the discussion today shouldn’t be on monetary policy it should be on how do we constrain this extraordinary rise in entitlements” said Greenspan

Former Federal Reserve Chairman Alan Greenspan warns that government spending “extremely dangerous” to the future of the US economy. Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy.

Friday, March 6th 2015 - 07:32 UTC

PM Cameron and Peña Nieto discuss agenda of bilateral and global issues

The Mexican president was received at Downing Street

British Prime Minister David Cameron welcomed President Peña Nieto of Mexico to Downing Street on Thursday afternoon as part of his State Visit to the UK.

Tuesday, December 9th 2014 - 07:52 UTC

Wealth redistribution and inequality at its highest in OECD countries

“Countries that promote equal opportunity for all from an early age are those that will grow and prosper”, said OECD chief Gurría

The Organization for Economic Cooperation and Development (OECD) has found that the divide between the richest 10 percent and poorest 10 percent in many of the world's wealthiest countries - including Germany, US and UK - has been growing. In a report released Monday, OECD said that this, in turn, had caused growth to slow.

Wednesday, November 26th 2014 - 10:30 UTC

OECD warns about Euro zone 'prolonged' stagnation with global impact

“We are far from being on the road to a healthy recovery. Japan has fallen into a technical recession,” OECD Secretary-General Angel Gurria said

Global economic growth in the coming two years is facing difficulties because of problems of recession in Japan and stagnation in the European economies and prospects for healthy growth “are stuck in low gear,” the Organization for Economic Cooperation and Development said on Tuesday.

Wednesday, October 8th 2014 - 22:23 UTC

Australia's capital Canberra, the best place in the world to live, says OECD

If Sydney is brash and bold, and Melbourne is cool and classy, then Canberra, at least in the Australian public imagination, is dull and devoid of soul.

The Australian Capital Territory of Canberra in Australia is the best place in the world to live, according to a report by the Organization for Economic Cooperation and Development (OECD). Canberra led the regional ranking while Australia topped the overall country rankings, followed by Norway.

Monday, August 11th 2014 - 22:19 UTC

Leading economies showing overall steady growth trend, says OECD

The figures for Germany suggest that growth was losing its vigor, whereas in Italy the data continues to indicate a positive growth momentum.”

Leading economies are showing a steady growth trend overall, although Britain is doing particularly well and Japan and Germany are showing signs of losing pace, the OECD (Organization for Economic Cooperation and Development) said on Monday.

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