This report consists of two parts. Part I is a report by the OECD Secretary-General regarding (A) the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project; (B) Tax transparency; (C) Tax policy tools to support sustainable and inclusive growth; and (D) Tax and development. Part II is an updated Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Interested parties are invited to provide comments on a discussion draft which deals approaches to address BEPS involving interest in the banking and insurance sectors under Action 4 (Interest deductions and other financial payments) of the BEPS Action Plan.

The OECD publishes comments received on the discussion draft on approaches to address BEPS involving interest in the banking and insurance sectors under Action 4.

This report consists of two parts. Part I is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Part II is an update report by the OECD Secretary-General regarding tax transparency, with a focus on beneficial ownership information.

This report consists of two parts. Part I is an update report by the OECD Secretary-General regarding the latest developments in the international tax agenda, including (Annex 1) the joint OECD/IMF Report on Tax Certainty. Part II is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Lebanon represented by Mr Ghady El Khoury, Chargé d’affaires of the Embassy of Lebanon in France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (“The Convention”), therewith becoming the 111th jurisdiction to join the Convention. Lebanon deposited its instrument of ratification for the Convention at the same time.

Today, at the OECD Headquarters in Paris, the Director-General of Revenue and the delegated Competent Authority of Panama, Publio Ricardo Cortés, has signed the CRS Multilateral Competent Authority Agreement‎ (CRS MCAA), in presence of OECD Deputy Secretary-General Masamichi Kono.

This report outlines the activities and achievements of the OECD’s tax agenda, while looking ahead at the further progress needed, in particular through the OECD/G20 Inclusive Framework on BEPS. It also provides a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

This report contains two parts. Part I is a report on the activities and achievements of the OECD’s tax agenda, and is made of two subparts: looking back at significant achievements and looking ahead at the further progress needed, in particular through the OECD/G20 Inclusive Framework on BEPS. Part II is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Countries must step up work to ensure that tax authorities and anti-corruption authorities can effectively co-operate in the fight against tax evasion, bribery, and other forms of corruption, according to a joint OECD/World Bank report.

Today, Albania signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention), becoming the 88th jurisdiction to join the Convention, which now covers almost 1,530 bilateral tax treaties.

This report contains two parts. Part I reports on the activities and achievements in the OECD’s international tax agenda. Part II reports on the activities and achievements of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) and the World Bank carried out a technical assistance mission in Antananarivo on 20-24 January 2020 to assist Madagascar in the implementation of the international tax transparency standards.

The Global Forum and the Asian Development Bank held a joint training event on the Exchange of Information on Request Peer Reviews and Implementation of the Automatic Exchange of Information Standard from 17 January to 31 January 2020 in Tbilisi, Georgia.

Part I reports on the activities in the OECD's international tax agenda, in particular the progress made in addressing the tax challenges arising from the digitalisation of the economy. It also provides an update on G20 tax deliverables including tax transparency, implementation of BEPS measures & capacity building to support developing countries. Part II reports on the activities of the Global Forum.

The Global Forum and the Italian Revenue Agency carried out an onsite visit in Tirana to assist Albania with the implementation of the international standard of automatic exchange of financial account information (AEOI).

The Global Forum on Transparency and Exchange of Information for Tax Purposes visited the Headquarter of the African Development Bank (AfDB) on 3-4 February 2020 to discuss the tax transparency agenda in Africa.

Banks Balance Sheet in Burundi increased to 2799773 BIF Million in October from 2785701.40 BIF Million in September of 2019. Banks Balance Sheet in Burundi averaged 1969860.79 BIF Million from 2015 until 2019, reaching an all time high of 2799773 BIF Million in October of 2019 and a record low of 1447265.50 BIF Million in January of 2016. This page provides - Burundi Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Italy increased to 3769560.71 EUR Million in February from 3750270.33 EUR Million in January of 2020. Banks Balance Sheet in Italy averaged 2934036.34 EUR Million from 1995 until 2020, reaching an all time high of 4247044.51 EUR Million in November of 2012 and a record low of 1393773.06 EUR Million in January of 1996. This page provides the latest reported value for - Italy Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in Turkey increased to 4678225798 TRY Thousand in February from 4498754472 TRY Thousand in January of 2020. Banks Balance Sheet in Turkey averaged 762529950.36 TRY Thousand from 1986 until 2020, reaching an all time high of 4678225798 TRY Thousand in February of 2020 and a record low of 15859.80 TRY Thousand in January of 1986. This page provides the latest reported value for - Turkey Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in Spain increased to 2707.20 EUR Billion in February from 2682.50 EUR Billion in January of 2020. Banks Balance Sheet in Spain averaged 1953.57 EUR Billion from 1989 until 2020, reaching an all time high of 3733 EUR Billion in March of 2012 and a record low of 439.60 EUR Billion in January of 1990. This page provides the latest reported value for - Spain Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in the United States increased to 19729125 USD Million in April 8 from 19717856 USD Million in the previous week. Banks Balance Sheet in the United States averaged 6484902.08 USD Million from 1973 until 2020, reaching an all time high of 19729125 USD Million in April of 2020 and a record low of 697581.70 USD Million in January of 1973. This page provides - United States Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Germany increased to 8975.05 EUR Billion in February from 8529.40 EUR Billion in January of 2020. Banks Balance Sheet in Germany averaged 3831.49 EUR Billion from 1950 until 2020, reaching an all time high of 10087.65 EUR Billion in December of 1998 and a record low of 30.82 EUR Billion in June of 1950. This page provides - Germany Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Canada increased to 6573422 CAD Million in February from 6370523 CAD Million in January of 2020. Banks Balance Sheet in Canada averaged 1171489.87 CAD Million from 1954 until 2020, reaching an all time high of 6573422 CAD Million in February of 2020 and a record low of 10516 CAD Million in April of 1954. This page provides - Canada Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Brazil increased to 6877781.57 BRL Million in January from 6803853.16 BRL Million in December of 2019. Banks Balance Sheet in Brazil averaged 2810548.73 BRL Million from 2000 until 2020, reaching an all time high of 6877781.57 BRL Million in January of 2020 and a record low of 4596.15 BRL Million in August of 2012. This page provides - Brazil Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Mexico increased to 83459512 MXN Million in February from 82402030 MXN Million in January of 2020. Banks Balance Sheet in Mexico averaged 12048596.95 MXN Million from 2000 until 2020, reaching an all time high of 84367340 MXN Million in November of 2019 and a record low of 1171622 MXN Million in April of 2002. This page provides the latest reported value for - Mexico Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in Switzerland increased to 2124644.57 CHF Million in February from 2116896.91 CHF Million in January of 2020. Banks Balance Sheet in Switzerland averaged 1168193.85 CHF Million from 1987 until 2020, reaching an all time high of 2124644.57 CHF Million in February of 2020 and a record low of 595832 CHF Million in December of 1987. This page provides - Switzerland Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in France increased to 10208997 EUR Million in March from 9967881 EUR Million in February of 2020. Banks Balance Sheet in France averaged 6624965.78 EUR Million from 1997 until 2020, reaching an all time high of 10208997 EUR Million in March of 2020 and a record low of 3147124 EUR Million in September of 1997. This page provides the latest reported value for - France Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in the United Kingdom increased to 4204845 GBP Million in March from 4066563 GBP Million in February of 2020. Banks Balance Sheet in the United Kingdom averaged 3676330.06 GBP Million from 2010 until 2020, reaching an all time high of 4204845 GBP Million in March of 2020 and a record low of 3342179 GBP Million in September of 2014. This page provides - United Kingdom Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in South Africa increased to 6579309 ZAR Million in March from 6070834 ZAR Million in February of 2020. Banks Balance Sheet in South Africa averaged 2171889.01 ZAR Million from 1986 until 2020, reaching an all time high of 6579309 ZAR Million in March of 2020 and a record low of 114781 ZAR Million in March of 1987. This page provides - South Africa Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Australia increased to 5510.55 AUD Billion in the first quarter of 2020 from 4757.86 AUD Billion in the fourth quarter of 2019. Banks Balance Sheet in Australia averaged 1879.47 AUD Billion from 1990 until 2020, reaching an all time high of 5510.55 AUD Billion in the first quarter of 2020 and a record low of 322.97 AUD Billion in the first quarter of 1990. This page provides - Australia Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government, business, trade and civil society representatives came together at this panel session to discuss the first year of implementation following the 2011 Update of the Guidelines.

Based on the OECD-UNODC-World Bank Anti-Corruption Ethics and Compliance Handbook, this webcast organised by KPMG offered an opportunity for attendees to learn about and understand the value of anti-corruption and ethics compliance best practices and how to use them to enhance their programmes.

The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.

The OECD hosted a workshop on green investment banks on 20 May 2015. It built upon discussions of green banks at the OECD Green Investment Financing Fora (May 2015 and June 2014) and continued international dialogue on the experiences of green banks. The workshop welcomed 9 different green banks, public financial institutions, NGOs, the private sector and over 20 countries interested in the green bank model.

Small and medium-sized enterprises (SMEs) are increasingly turning to alternative sources of financing, while new bank lending is declining in a number of countries. Many SMEs remain over-reliant on bank credit, however, and the take-up of instruments other than straight debt varies greatly from one country to another, according to a new OECD report.

Banks Balance Sheet in Portugal decreased to 418685.90 EUR Million in February from 420783.90 EUR Million in January of 2020. Banks Balance Sheet in Portugal averaged 251921.96 EUR Million from 1979 until 2020, reaching an all time high of 583296.90 EUR Million in February of 2012 and a record low of 6272.30 EUR Million in January of 1980. This page provides - Portugal Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mr. Angel Gurría, Secretary-General of the OECD, was in Sydney from 21 to 23 February 2014 to attend the G20 Finance Ministers and Central Bank Governors meetings. While in Sydney, the Secretary-General launched the 2014 OECD Going for Growth report, alongside Mr. Joseph Benedict "Joe" Hockey, Treasurer of Australia.

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.

The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.

Mr. Angel Gurría was in Brisbane to attend the G20 Leaders' Summit on 15-16 November. Prior to the Summit, the Secretary-General attended a G20 Finance Ministers Meeting, as well as L20 and B20 meetings.

Unemployment Rate in China decreased to 5.90 percent in March from 6.20 percent in February of 2020. Unemployment Rate in China averaged 4.42 percent from 2002 until 2020, reaching an all time high of 6.20 percent in February of 2020 and a record low of 3.90 percent in September of 2002. In China, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - China Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Ukraine decreased to 2031565 UAH Million in February from 2033281 UAH Million in January of 2020. Banks Balance Sheet in Ukraine averaged 1342014.65 UAH Million from 2007 until 2020, reaching an all time high of 2033281 UAH Million in January of 2020 and a record low of 374153.94 UAH Million in February of 2007. This page provides - Ukraine Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Japan-OECD Policy Forum on Urban Development and Green Growth will address cities’ unique role in creating synergies between environmental and economic objectives to advance green growth. Asian cities in particular are at the centre of this challenge. This event is organised as a commemorative event for the 50th Anniversary of Japan's Accession to the OECD.

The Secretary-General presented OECD’s recent analysis and recommendations on the world economy, on more balanced and efficient financial markets for growth, and on progress on the international tax system. He also spoke at the G7 High-Level Symposium “Future of the Global Economy”, organised by the Japanese G7 Presidency.

Banks Balance Sheet in Luxembourg increased to 1182739 EUR Million in November from 1166878 EUR Million in October of 2019. Banks Balance Sheet in Luxembourg averaged 1004696 EUR Million from 2001 until 2019, reaching an all time high of 1345434 EUR Million in October of 2008 and a record low of 711466 EUR Million in January of 2001. This page provides the latest reported value for - Luxembourg Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in Morocco decreased to 1426031 MAD Million in February from 1431200 MAD Million in January of 2020. Banks Balance Sheet in Morocco averaged 872056.34 MAD Million from 2001 until 2020, reaching an all time high of 1448618 MAD Million in December of 2019 and a record low of 360422.93 MAD Million in March of 2002. This page provides - Morocco Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Europe's sovereign debt crisis has exposed structural weaknesses in economic governance that now threaten the entire euro region. Efforts to reinforce public finances and preserve the currency union must go further than solutions proposed to date.

This study models the distance-to-default (DTD) of a large sample of banks from 2004 to 2011 and examines the results from the perspective of policy approaches that aim to reduce the riskiness of banks.

Financial-market complexity shouldn't lead to crisis. There is a better, simpler way: Split the banks.