Today, as a further step to implement the OECD Common Reporting Standard (CRS), the first series of bilateral automatic exchange relationships were established among the first batch of jurisdictions committed to exchanging information automatically as of 2017.

Today, another important step to implement the OECD Common Reporting Standard (CRS) was taken, with a further 350 bilateral automatic exchange relationships being established between over 50 jurisdictions committed to exchanging information automatically pursuant to the OECD Common Reporting Standard (CRS), starting in 2017.

As part of its ongoing efforts to maintain the integrity of the Common Reporting Standard (CRS), the OECD is today launching a disclosure facility on the AEOI portal which allows interested parties to report potential schemes to circumvent the CRS.Over 1800 bilateral exchange relationships in place for the exchange of CRS information.

Viet Nam has become the 100th jurisdiction to join the Inclusive Framework on BEPS ("IF") on an equal footing with all other IF members, as announced by Mr. DANG NGOC Minh (Deputy General Director of the General Department of Taxation - GDT) at the third plenary meeting of the IF held on 21-22 June 2017 in Noordwijk, the Netherlands.

Global Value Chains (GVCs) are a dominant feature of the world economy that impact growth, jobs and development, but numerous challenges remain to ensure that all countries and all firms have the opportunity to participate and benefit.

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

Selected findings for Australia from the report "Preventing Ageing Unequally"

Selected findings for Japan from the report "Preventing Ageing Unequally"

Mr. Angel Gurría, Secretary-General of the OECD, will participate in the G7 Finance Ministers and Central Bank Governors’ meeting in Chantilly, on 17-18 July 2019.

Economic policy should be better designed to bring about more inclusive growth, ensuring that the benefits of increased prosperity are shared more evenly across society, according to a new report from the OECD and the World Bank.

The balance of economic power is expected to shift dramatically over the next half century, with fast-growing emerging-market economies accounting for an ever-increasing share of global output, according to a new OECD report.

Inequality – now at its highest level in decades in many countries – undermines economic growth and well-being, says a new OECD report. But policies to tackle the widening gap between rich and poor will only succeed if they also look beyond income and address better access to high-quality education, health care and public infrastructure, it adds.

Modest global economic forecasts, continuing high unemployment, and downshifts in potential output,should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in Europe, according to the OECD’s latest Economic Outlook.

While past labour market reforms have been successful in terms of employment, the relative poverty risk and income inequality have remained broadly unchanged in recent years.

Reforming and deregulating the domestically oriented sectors, including network industries, crafts and professional services would release hidden growth potential and prove beneficial to the economy as a whole. It could also help strengthen domestic demand and reduce dependence on exports.

Chicago is at a tipping point: despite economic strengths, it faces considerable challenges to compete in the “Premier League” of world-class cities, warns the OECD’s review of the Chicago Tri-State Metropolitan Region.

Simon Kuper on how top players’ diets have changed — and why old habits die hard

As young people turn their backs on alcohol, Simon Kuper asks if it is time for their elders to follow suit

The difficulty of making money out of cycling could hamper its rise

For a postwar movie generation Kirk Douglas was the definition of ‘macho’

Brazilian president criticised for rubbing elbows with crowds while awaiting second virus test results

New period drama about an aspiring actor pulls back the curtain on postwar Tinseltown

Private equity epiphany; Royal Mail; CEO succession at HSBC

The tetchy leader needs to understand that people never forget abuse of hierarchical power

How plants, whether real or in the imagination, help calm fears and enhance our lives

Lockdowns and restrictions set to halt Italian coffee maker’s 17-year growth trajectory

There are a lot of musicals moving into London's West End right now – including "Shoes", "Million Dollar Quartet", "Betty Blue Eyes" and "The 25th Annual Putnam County Spelling Bee" - and rumbling in the background is the hoo-ha in New York over "Spiderman". What is the enduring appeal of the musical? Is it more diverse than its critics imagine? And, are musicals a good thing for the theatrical landscape? Jan Dalley talks to Jamie Lloyd, director of the Donmar's "Spelling Bee", and FT theatre critics Ian Shuttleworth and Sarah Hemming. Produced by Griselda Murray Brown  

See acast.com/privacy for privacy and opt-out information.

The Indian film industry is famously prolific, turning out hundreds of movies of year. Some of these are "masala movies" – made to appeal to all ages, with plenty of melodrama and musical numbers – but others are very different. Like the rest of India, Bollywood is changing fast. Jan Dalley is joined by Rachel Dwyer, Professor of Indian Cultures and Cinema at SOAS, and Prakash Bakrania, who distributes Hindi films in the UK for Reliance Entertainment. She asks them: is Bollywood escapist? Is it starting to tackle real life issues? And do different films fare well at the Indian and global box offices? Produced by Griselda Murray Brown  

See acast.com/privacy for privacy and opt-out information.

This much-loved Christmas Carol uses words published by Cecil Sharp in 1911. But to what extent did he graft Christian elements onto a very different original? FT arts editor Jan Dalley traces the gender shifts which define the song’s evolution. Credit: Universal-Island Records Ltd; Warner Classics  

See acast.com/privacy for privacy and opt-out information.

Five-week shutdown to be eased stage by stage according to a series of rolling levels  

After reaching intraday record, stocks retreat as new president faces economic challenge

Maker of Budweiser and Corona to cut costs by renegotiating contracts such as sponsorship deals

Boss of clothing retailer deserves a premium; Astra’s eyes on big prize

Downfall of carmaker’s former boss sets up clash between country’s old guard and its reformists

Smaller companies in ‘epic rally’ on optimism over coronavirus and policy support

Central banks repeatedly set the stage for the next boom and bust cycle, fuelled by growing debt

Reducing pensioners to ‘old dears’ ignores their wisdom and physical vitality

‘Pastor to presidents’ said he received his calling on 18th green of local golf club

Healthcare tech group chief calls estimate to deal with coronavirus ‘conservative’ as it boosts medical equipment production

S&P 500 surges 7% after coronavirus shows signs of peaking in continental Europe

S&P 500 closes lower as investors await more evidence of progress against virus and extra stimulus

Key measure of American business investment fell only marginally last month

Differences remain but Europe leaders are growing accustomed to US president’s style

Pension funds need to spend less time on ESG and get back to basics

Many zombie companies will fail, no matter how much is sprayed around by the Fed

Investors anticipate boost in energy demand as economies start to reopen

Equities rise but some Treasury yields hit record lows as investors weigh economic outlook

The Nasdaq 100 is at its highest relative level since the technology bubble

Democratic politics functions on the premise that accountability improves outcomes

The coronavirus pandemic’s global presence and ubiquity in everyday life is a perfect storm for misinformation, as conspiracy theorists from different corners of the web converge on a shared news topic—the only topic, at the moment. From the earliest days of the crisis, everyone from pro-Trump QAnon conspiracists to left-leaning purveyors of dubious home remedies […]