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From Ambani to Jeff Bezos: 9 most ridiculous things owned by world's top billionaires

From Mukesh Ambani's Antilla to Roman Abramovich's Eclipse yacht, check out the nine most ridiculous things owned by the world's top billionaires.




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Educational Attainment and Mobility Slowing in the United States, OECD Finds

The proportion of adults in the U.S. population with a tertiary qualification is growing more slowly than in most OECD countries, while fewer Americans are achieving an educational level which is higher than that of their parents, a new OECD study finds.




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The Bill Frenzel Champion of Free Trade Award – Economic Club of Minnesota

The OECD Secretary-General spoke to the Economic Club of Minnesota about what must be done to make the trade system that has benefited so many work for everyone.




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HYBRID MOBILE DEVELOPER

Company: Resource Access Management Solutions Private Limited
Experience: 15 to 20
location: Bengaluru / Bangalore
Ref: 24416052
Summary: Company: Global Investment Bank Experience: 15 - 20 Yrs Job Location: Bangalore Key Skills: IT Risk Risk Management Proactive Risk Management Risk Monitoring and closure of Audit Issues ....




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Trade in counterfeit goods costs UK economy billions of euros

The global trade in fake goods, from cosmetics to car parts, is costing the UK economy billions of dollars a year in forgone company sales, overpriced products and tax revenues, and was behind more than 86,000 lost jobs in 2016, according to a new OECD report.




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Professional mobility and migrants integration

A. Gurría said that attracting enough high-skilled candidates for some countries may require introducing elements of supply, as well as demand-driven migration in their immigration regimes.




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Canada is adjusting to the end of the commodities boom, but new policies are needed to boost productivity and reduce financial stability risks

The Canadian economy is adjusting to the fall in commodity prices, but additional policies are needed to boost productivity, reduce financial stability risks and make future growth stronger, greener and more inclusive, according to a new OECD report.




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The Netherlands should invest in the long-term sustainability of the food and agricultural system

The food and agricultural system in the Netherlands is innovative and export-oriented, with high value-added along the food chain and significant world export shares for many products. To maintain and build on this performance, government policy should increasingly focus on measures to boost innovation and improve sustainability performance, according to a new OECD report.




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Turkey: Macroeconomic stability and structural reform key to strong and inclusive growth, OECD says

Turkey’s economy will grow stronger in the coming years, but remains overly dependent on domestic consumption funded by foreign finance, according to the latest OECD Economic Survey of Turkey.




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OECD: “İddialı reformlar hem güçlü hem kapsayıcı bir büyüme süreci başlatabilir”

OECD’nin yayınladığı en son Büyümeye Geçiş raporuna göre kapsamlı bir reform gündemi doğrultusunda kararlı ve sistemli adımların atılması hükümetlere, zayıf talebi canlandırmak, sağlıklı ekonomik büyümeyi canlandırmak, iş olanakları yaratmak ve kazanımları toplumun her kesimine ulaştırmak için fırsatlar sunmaktadır.




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Turkey’s foreign bribery enforcement framework needs to be urgently strengthened and corporate liability legislation reformed

In view of Turkey’s continued failure to implement key aspects of the OECD Anti-Bribery Convention and to enforce its foreign bribery laws, the Working Group on Bribery will send a high-level mission to Ankara in 2020, unless Turkey takes concrete action by October 2019.




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Enhancing Economic Flexibility: What Is in It for Workers?

Reforms that boost growth by enhancing economic flexibility often meet strong opposition related to concerns that they may imply adverse consequences for categories of workers. This study investigates how making product or labour market regulation more flexible changes workers’ risks of moving out of employment and jobless people’s chances of becoming employed.




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Tax revenues stabilise in OECD countries in 2010

OECD countries acknowledge that taxes must play a role in the process of fiscal consolidation as they battle unprecedented budget deficits. In 2010, the majority of OECD governments have stabilised their tax to GDP, with the average ratio moving up slightly from 33.8% in 2009 to 33.9% in 2010.




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Paper on transfer pricing comparability data and developing countries released for comment

This paper sets out four possible approaches to addressing the concerns over the lack of data on transfer pricing comparables expressed by developing countries.




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Advancing global action to support fiscal sustainability

Article about OECD work with international partners to eradicate tax evasion and tax avoidance, published in G7 Brussels Summit magazine, June 2014




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Public comments received on the Paper on Transfer Pricing Comparability Data and Developing Countries

This page shows a full table of comments received from the public on the Interim Draft Paper on Transfer Pricing Comparability Data and Developing Countries.




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OECD holds three tax events in Addis to promote domestic resource mobilisation

The OECD is holding three tax events on the side-lines of the 3rd International Conference on Financing for Development in Addis Ababa, Ethiopia.




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Tax revenues continue to rise, but scope remains for increased tax mobilisation in emerging Southeast Asian economies

In 2014, the tax-to-GDP ratios of Indonesia, Malaysia, the Philippines and Singapore were below 17% of GDP compared to Japan and Korea, which both recorded tax-to-GDP ratios above 24%,according to new data released in the third edition of the OECD’s annual publication Revenue Statistics in Asian Countries.




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Raising revenues through carbon pricing can help improve energy affordability

This report uses household level data covering 20 OECD countries to analyse energy affordability at current energy prices and explores how these indicators change in response to a simulated energy tax reform. The report finds that higher energy prices, needed to cut harmful carbon emissions and air pollution, can also help achieve social policy objectives.




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Falls in tax revenue weaken domestic resource mobilisation in developing Asia

The fourth annual edition of Revenue Statistics in Asian Countries covers seven countries, including Kazakhstan for the first time. It shows that the tax-to-GDP ratio in all these countries are lower than the OECD average of 34.3% in 2015, which highlights that scope remains for increasing tax mobilisation, especially in Indonesia, Kazakhstan, Malaysia and the Philippines to achieve sustainable growth.




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First automatic Common Reporting Standard exchanges between 49 jurisdictions set to take place this month; now over 2000 bilateral exchange relationships in place

At present, 102 jurisdictions have publicly committed to implement the Common Reporting Standard, with 49 being committed to start exchanges this month and a further 53 taking up exchanges in September 2018.




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Legal tax liability, legal remittance responsibility and tax incidence: Three dimensions of business taxation

This paper examines the role of businesses in the tax system. In addition to being taxed directly, businesses act as withholding agents and remitters of tax on behalf of others. Yet the share of tax revenue that businesses remit to governments outside of direct tax liabilities is under-studied.




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Revenue mobilisation in Africa continues to improve, says new report

The mobilisation of domestic resources is improving steadily in African countries, according to new data from Revenue Statistics in Africa 2017 released today in Addis Ababa at a meeting of tax and finance officials from 21 African countries hosted by the Department of Economic Affairs of the African Union Commission (AUC).




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Onsite-visit in Tbilisi to launch induction programme and assist Georgia in the implementation of the new international tax standards

On 16 October 2017, an OECD delegation met in Tbilisi the Georgian First Deputy Minister and Head of Georgia Revenue Service Giorgi Tabuashvili and Deputy Minister Lasha Khutsishvili to discuss the progress of the country in implementing the new international standards to combat tax avoidance and tax evasion.




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Over 2600 bilateral relationships in place for the exchange of CRS information

The Common Reporting Standard (CRS), which is the basis for the automatic annual exchange of information on offshore financial accounts to the tax authorities of the residence country of account holders. At present, over 100 jurisdictions have publicly committed to implement the CRS, with half of them having started the exchange of CRS information in September and a further 53 set to follow in 2018.




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BEPS Action 13: Jurisdictions implement final regulations for first filings of CbC Reports, with over 1400 bilateral relationships now in place for the automatic exchange of CbC information

Today, a further important step was taken to implement Country-by-Country (CbC) Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA").




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Loss Carryover Provisions: Measuring Effects on Tax Symmetry and Automatic Stabilisation

This paper presents data on carryover provisions in 34 countries and compares their effects on the basis of two comparable indices. Empirical results show that in most countries corporate tax is not perfectly symmetric, suggesting the existence of tax-induced distortions towards less risky investments.




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Egypt and OECD launch EU-funded programme to enhance domestic resource mobilisation

During a meeting on International Tax Reform, the Ministry of Finance and the OECD launched a programme on "Enhancing Domestic Resource Mobilisation in Egypt through a better tax and exchange of information system". The project, financed by the EU, provides EUR 1.2 million in funding over two and a half years, and will assist Egypt in the implementation of the new international standards to tackle tax avoidance and tax evasion.




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Tax Inspectors Without Borders making significant progress towards strengthening developing countries' ability to effectively tax multinational enterprises

An innovative international co-operation initiative that deploys qualified experts in developing countries to strengthen their ability to effectively tax multinational enterprises has achieved significant milestones over the past year, according to a new annual report.




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Platform for Collaboration on Tax to discuss domestic resource mobilisation challenges on 9 October

The four partner organisations to the Platform for Collaboration on Tax (PCT) will discuss critical challenges and opportunities for mobilising domestic resources to meet countries’ development priorities, at the upcoming IMF-World Bank annual meetings in Bali, Indonesia.




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African economies sustain progress in domestic resource mobilisation

Africa has sustained gains in domestic resource mobilisation made since 2000, as tax revenues remained stable in 2016, according to Revenue Statistics in Africa 2018. Providing internationally comparable data for 21 participating countries, the report finds that the average tax-to-GDP ratio was 18.2% in 2016, the same level as in 2015, which represents a strong improvement from 13.1% in 2000.




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Four years on and half a billion dollars later - Tax Inspectors Without Borders

The international community has made important progress in improving developing countries’ ability to tax multinational enterprises and boost domestic revenue mobilisation. A leading element of international co-operation efforts is the Tax Inspectors Without Borders (TIWB) initiative - a joint OECD/UNDP programme launched in July 2015 to strengthen developing countries’ auditing capacity and multinationals’ compliance worldwide.




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Africa: Urgent action needed to mobilise domestic resources as tax revenues plateau

The average tax-to-GDP ratio for the 26 countries participating in the new edition of Revenue Statistics in Africa was unchanged at 17.2% for the third consecutive year in 2017. This was lower than the averages for Latin America and the Caribbean (LAC) at 22.8% and for the OECD at 34.2%, underlining the need for urgent action to enhance domestic revenue mobilisation in Africa.




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Moving beyond rhetoric: Responsibility in practice

This Global Forum plays an important role as the tool for on-going dialogue on responsible business conduct. I am pleased to announce that today, Ministers from over 20 countries are coming together to discuss how to integrate responsibility considerations throughout government policies. Their work will contribute to protect internationally recognised fundamental rights and to ensure good governance, fair regulations, and transparency.




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Life on a planet of 9 billion

Is it possible for 9 billion people to live on this planet and enjoy a good standard of living? And on such a planet, is it possible for economies to grow, businesses to profit, and communities to prosper without undermining the natural systems that support all life? And without destroying some of the planet’s last great wildernesses?




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Asia-Pacific conference on aligning corporate sustainability with sustainable development goals

With a focus on the Asia-Pacific region, this conference addressed what the Sustainable Development Goals will mean for business and how business sustainability strategies can be aligned to support their implementation.




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Liability of Legal Persons for Corruption in Eastern Europe and Central Asia

This cross-country report analyses the legislation on liability of legal persons for corruption and its enforcement in Eastern Europe and Central Asia, highlighting national practices that may be promoted as good practice. While it focuses on 25 countries participating in the Anti-Corruption Network for Eastern Europe and Central Asia (ACN), examples from OECD countries are also included.




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Inclusive business can help solve the sustainability equation

From the early 2000s, sustainability has emerged as a central policy-making consideration as climate change and population growth have heightened concerns about already-stretched natural resources.




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Liability of Legal Persons for Foreign Bribery: A Stocktaking Report

This stocktaking report first presents a chronology of how systems for the liability of legal persons have evolved among the 41 Parties to the Anti-Bribery Convention. It then presents a “mapping” of the features of these systems for the 41 Parties.




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Roundtable on Corporate Liability for Foreign Bribery

9 December 2016, Paris: Held on International Anti-Corruption Day, this roundtable provided an opportunity for governments, the private sector, civil society, and the media, to reflect on the liability of legal persons following more than 15 years of work by the OECD Working Group on Bribery to promote its application for foreign bribery.




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Argentina must urgently enact Corporate Liability Bill to rectify serious non-compliance with Anti-Bribery Convention

Some 16 years after joining the OECD Anti-Bribery Convention, Argentina remains in serious non-compliance.




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The government role in mobilising investment and innovation in renewable energy

Successfully attracting investment and innovation in renewable energy requires not only core climate policies, such as pricing carbon, but also a focus on the broader investment environment. Based on new research from the OECD, this article reviews some of the main factors holding back investment and innovation in renewable energy and looks at what governments can do to take action.




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Chile must conclude its current legislative reforms of the criminal sanctions regime and clarify its corporate liability framework to better combat foreign bribery

Chile must make further progress on key recommendations of the OECD Working Group on Bribery in International Business Transactions, more than three years after its Phase 3 evaluation in March 2014.




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Sweden’s Laws on Corporate Responsibility for International Bribery need Urgent Reform

Sweden has still not implemented reforms to its Penal Code initially recommended by the OECD Working Group on Bribery in June 2012. Sweden’s legal provisions on corporate liability do not meet the requirements of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.




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Marine Biotechnology: Enabling Solutions for Ocean Productivity and Sustainability

This book discusses scientific and technological tools at the centre of a renewed interest in marine biotechnology that is contributing to a new bioeconomy sector in many countries and offering potential new solutions to global challenges.




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Global Forum on Environment: Promoting Sustainable Materials Management through Extended Producer Responsibility (EPR)

Extended Producer Responsibility (EPR) is increasingly recognised worldwide as an efficient waste management policy to help improve recycling and reduce landfilling of products and materials. This Forum took place on 17-19 June 2014, in Tokyo, Japan, to identify key challenges and opportunities for further developing EPR policies.




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Falls in tax revenue weaken domestic resource mobilisation in developing Asia

The fourth annual edition of Revenue Statistics in Asian Countries covers seven countries, including Kazakhstan for the first time. It shows that the tax-to-GDP ratio in all these countries are lower than the OECD average of 34.3% in 2015, which highlights that scope remains for increasing tax mobilisation, especially in Indonesia, Kazakhstan, Malaysia and the Philippines to achieve sustainable growth.




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Mobilising Investment in Low-Carbon, Climate Resilient Infrastructure - Environment Working Paper No. 46

This paper addresses several broad issues for governments aiming to encourage private sector investment in low-carbon climate resilient (LCR) infrastructure, in both developed and developing world contexts.




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OECD-World Bank Conference on building financial capability in Africa and the Middle East

This conference in Nairobi, Kenya, addressed specific issues relating to financial literacy in Africa and the MENA region. It presented the output of the Russia/OECD/World Bank Trust Fund on Financial Literacy and Education.




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The transition in the Mexican pensions system to one based on individual defined contribution accounts has increased its financial sustainability

The reforms to the pensions system in Mexico, especially the introduction of a system of individual defined contribution accounts, have significantly improved the system’s financial sustainability.