White House advisor Chris Liddell will be Washington's nominee to be the next head of the OECD, an administration official said on Friday, putting a Trump ally in the running to lead the association of advanced economies.
The Organization for Economic Cooperation and Development Investments Committee has decided to support Uruguay's incorporation as full member of that committee. The decision follows a review by the Committee of Uruguayan investment policies.
The Trump administration on Friday announced additional duties of 25per cent on French cosmetics, handbags and other imports valued at US$1.3 billion in response to France's digital services tax, but would hold off on implementing the move for up to 180 days.
Authorities in nearly 100 countries saw 10 trillion Euros (US$ 11.2 trillion) in offshore assets come to light last year due to the automatic exchange of details for 84 million bank accounts, the OECD revealed this week.
France said a U.S. decision to quit global talks on how to tax big digital firms such as Google, Amazon, and Facebook was a “provocation” and the European Union said it could impose taxes even if no deal was reached by year-end.
OECD countries unanimously decided last Friday to invite Costa Rica to become a member of the Organization. Costa Rican President Carlos Alvarado Quesada and OECD Secretary-General Angel Gurría will sign an Accession Agreement in the coming days.
Today (Saturday 7 March) , President Donald J. Trump and President Jair Bolsonaro of Brazil reaffirmed the strategic alliance between the United States and Brazil, deepening the partnership between their two countries. The two leaders focused on increasing economic prosperity, strengthening democracy, and promoting peace and security.
President Jair Bolsonaro and Economy Minister Paulo Guedes want to strengthen trade relations with China. Guedes said the creation of a free trade area between the two countries is under negotiation.
Middle-class families are seeing their incomes stagnating as they are squeezed by the ultra-rich taking a bigger slice, says an international report from the OECD economics think tank.
France and the United States have reached a deal to end a standoff over a French tax on big internet companies, French President Emmanuel Macron said on Monday. U.S. President Donald Trump had threatened to hit back with tariff action after France passed a law earlier this year that would impose a 3% tax on revenues earned on digital services in France.