Growth in the global economy is expected to remain sub-par next year, according to the Organization for Economic Cooperation and Development (OECD) which cut its forecast for 2024 from 2.9% to 2.7% on Tuesday.
Add your comment!Brazilian President Luiz Inácio Lula da Silva Monday enacted a provisional measure (MP) providing for the collection of taxes of between 15% and 20% on exclusive funds with a single shareholder, Agência Brasil reported.
Chile's Lower House Tuesday approved by 127 votes in favor to 14 against and 3 abstentions a working week reduction from 45 to 40 hours to be implemented gradually over the next five years, provided or when President Gabriel Boric Font signs into law the bill already greenlighted by the Senate.
U.S. President Donald Trump and his top diplomat said on Thursday they supported Brazil’s taking steps toward joining the Organization for Economic Cooperation and Development (OECD), although it is first backing accession by Argentina.
Inequalities in pay and opportunities in the UK are becoming so extreme they are threatening democracy, an Institute for Fiscal Studies study has said. The think tank warns of runaway incomes for high earners but rises in “deaths of despair”, such as from addiction and suicide, among the poorest.
Robots and computers threaten 14% of existing jobs over the next 20 years, so countries must retrain workers for a transformed labour market, the OECD warned on Thursday.
French lawmakers on Monday approved a new tax on digital giants such as Facebook and Apple that has angered the United States, with Finance Minister Bruno Le Maire boasting that France was proud to be in the vanguard of such a move.
The Organization for Economic Cooperation and Development (OECD) announced on Friday that Colombia would be officially invited to join the group. The Paris-based economic organization was founded in 1961 and has traditionally included industrialized nations, though in recent years it has extended its membership to emerging economies.
Argentina plans to cut corporate income taxes to 25% by 2021 for companies that reinvest profits, it said on Tuesday, part of a wide-reaching tax reform bill intended to accelerate investment in Latin America's no.3 economy. The bill, which would slash taxes for companies willing to reinvest in Argentina from 35%, will be sent to Congress in the coming days, Treasury Minister Nicolas Dujovne said.
The State of Broadband 2016 report, released by the Economic Commission for Latin America and the Caribbean shows that 43.4% of all households in the region were connected to the Internet in 2015, nearly doubling the figure from 2010.