On 31 March 2015, interested parties were invited to comment on the discussion draft on Action 12 (Mandatory Disclosure Rules) of the BEPS Action Plan. The OECD is grateful to the commentators for their input and now publishes the comments received.

The OECD today agreed a new framework that would allow all interested countries and jurisdictions to join in efforts to update international tax rules for the 21st Century. The proposal for broadening participation in the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project will be presented to G20 Finance Ministers at their next meeting on 26-27 February in Shanghai, China.

More than 100 jurisdictions have concluded negotiations on a multilateral instrument that will swiftly implement a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises.

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.

On 5 May, the OECD launched a public disclosure facility for information on schemes designed to circumvent the application of the Common Reporting Standard.

Ministers and high-level officials from 76 countries and jurisdictions have signed today or formally expressed their intention to sign an innovative multilateral convention that will swiftly implement a series of tax treaty measures to update the existing network of bilateral tax treaties.

Today the OECD is releasing a consultation document seeking stakeholder input on model mandatory disclosure rules. The model rules target promoters and service providers with a material involvement in the design, marketing or implementation of a CRS avoidance arrangements or offshore structure. They would require such intermediaries to disclose information on the scheme to their local tax authority.

On 11 December 2017, interested parties were invited to provide comments on a discussion draft on model mandatory disclosure rules. The model rules are intended to target promoters and service providers with a material involvement in the design, marketing or implementation of CRS avoidance arrangements or offshore structures.

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.

Today, the OECD has issued new model disclosure rules that require lawyers, accountants, financial advisors, banks and other service providers to inform tax authorities of any schemes they put in place for their clients to avoid reporting under the OECD/G20 Common Reporting Standard (CRS) or prevent the identification of the beneficial owners of entities or trusts.

In order to support the automatic exchange of information collected under the OECD’s Model Mandatory Disclosure Rules on Common Reporting Standard (CRS) Avoidance Arrangements and Opaque Offshore Structures (MDRs), the OECD has today released the international administrative and operational framework for the exchange of information collected under the MDRs.

Brazil must build on the positive momentum started with its new Corporate Liability Law and its first indictments in one foreign bribery case to investigate and prosecute more proactively foreign bribery.

This report on climate change disclosure in G20 countries takes stock of mandatory climate change reporting schemes in G20 countries and identifies commonalities and divergences between the various schemes.

Everybody is interested in the impacts of what companies are doing and the environmental practices and impacts of doing business are coming under increasing scrutiny. OECD Secretary-General Angel Gurría looks at how both governments and investors are ready to scale up climate disclosure and the use of climate information.

La inversión pública en Colombia ha aumentado sustancialmente en los últimos años hasta alcanzar casi el 4% del PIB, una cifra superior a la media OCDE de 3.2%. Sin embargo, según indica un nuevo informe de la OCDE, para hacer frente a la brecha en infraestructuras y para superar las desigualdades territoriales será necesario que el país mantenga y amplíe sus esfuerzos en materia de inversión.

7 December 2017, Paris - This workshop addressed the growing demand for transparency and information on how companies deal with human rights, environmental, social and other "non-financial" issues with a particular focus on how companies are identifying and addressing impacts in their supply chains.

The High-Level Commission on Health Employment and Economic Growth, chaired by H.E. François Hollande and H.E. Jacob Zuma, today delivered its final report and recommendations to United Nations Secretary General Ban Ki-moon on the sidelines of the UN General Assembly in New York.

Gains in female education attainment have contributed to a worldwide increase in women’s participation in the labour force, but considerable gaps remain in working hours, conditions of employment and earnings.  More specific data for Japan are available in this country note.

Gains in female education attainment have contributed to a worldwide increase in women’s participation in the labour force, but considerable gaps remain in working hours, conditions of employment and earnings.  More specific data for Austria are available in this country note.

Gains in female education attainment have contributed to a worldwide increase in women’s participation in the labour force, but considerable gaps remain in working hours, conditions of employment and earnings.  More specific data for Beligum are available in this country note.

Inequality has risen in the OECD area. Could policies aimed solely at growth be responsible? Can inequality undermine economic growth? New evidence suggests there is a possibility.

The job market continues to improve in the OECD area, with the employment rate finally returning to pre-crisis levels. But people on low and middle incomes have seen their wages stagnate and the share of middle-skilled jobs has fallen, contributing to rising inequality, according to a new OECD report.

The U.K. economy has weakened in the aftermath of the decision to leave the European Union. Maintaining close ties with the EU and implementing policies to boost productivity will be crucial for maintaining future living standards, according to a new report from the OECD.

La economía de Costa Rica es sólida y continúa convergiendo hacia los niveles de vida de los países miembros de la OCDE.

Gains in female education attainment have contributed to a worldwide increase in women’s participation in the labour force, but considerable gaps remain in working hours, conditions of employment and earnings.  More specific data for Brazil are available in this country note.

Brazil must build on the positive momentum started with its new Corporate Liability Law and its first indictments in one foreign bribery case to investigate and prosecute more proactively foreign bribery.

La inversión pública en Colombia ha aumentado sustancialmente en los últimos años hasta alcanzar casi el 4% del PIB, una cifra superior a la media OCDE de 3.2%. Sin embargo, según indica un nuevo informe de la OCDE, para hacer frente a la brecha en infraestructuras y para superar las desigualdades territoriales será necesario que el país mantenga y amplíe sus esfuerzos en materia de inversión.

The recent scandal over the use of horsemeat in readymade meals that has shaken the entire European continent has revealed not only the complexity and opacity of our food supply chain, but also–and above all–the shortcomings of European food law.

Legislative and regulatory policy options for sustainable capital markets - A good corporate governance framework should combine transparency, accountability and integrity and this requires knowledge of beneficial ownership. This report assesses the costs, benefits and practicalities of different approaches, suggesting policy options to better identify ultimate beneficial ownership in Indonesia.

This paper examines shareholder claims for reflective loss under investment treaties in light of comparative analysis of advanced systems of corporate law; considers the impact of allowing shareholder claims for reflective loss on key characteristics of the business corporation; and explores possible responses by different categories of investors to the availability of shareholder claims for reflective loss under investment treaties.

This report on climate change disclosure in G20 countries takes stock of mandatory climate change reporting schemes in G20 countries and identifies commonalities and divergences between the various schemes.

Corporate climate change disclosure is crucial for providing decision-makers with information that will enable them to integrate climate considerations into their analyses. This side event to the 21st session of the Conference of the Parties will focus on ways to strengthen corporate climate disclosure frameworks, and to scale up the use of corporate climate change-related information.

This report provides an overview of national approaches to disclosure and transparency in the state-owned enterprise (SOE) sector in nine Asian economies: Bhutan, India, Kazakhstan, Korea, Malaysia, Pakistan, Philippines, Thailand and Viet Nam.

7 December 2017, Paris - This workshop addressed the growing demand for transparency and information on how companies deal with human rights, environmental, social and other "non-financial" issues with a particular focus on how companies are identifying and addressing impacts in their supply chains.

Exports of Cellulose CMLV in Russia increased to 154.60 USD Million in February from 79.50 USD Million in January of 2020. Exports of Cellulose CMLV in Russia averaged 434.60 USD Million from 1994 until 2020, reaching an all time high of 1505.77 USD Million in December of 2018 and a record low of 14.10 USD Million in January of 1994. Russia accounts for Exports of Cellulose using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports of Cellulose CMLV.

Imports of Explosive & Pyrotechnic Products in Japan increased to 947.81 JPY Million in March from 751.85 JPY Million in February of 2020. Imports of Explosive & Pyrotechnic Products in Japan averaged 848.08 JPY Million from 1988 until 2020, reaching an all time high of 2092.69 JPY Million in February of 1996 and a record low of 140.06 JPY Million in March of 1988. This page includes a chart with historical data for Japan Imports of Explosive & Pyrotechnic Products.

Lauren Greenfield’s documentary about the Philippines’ former First Lady is comic as well as horrific

Uber cuts 3,700 staff, Libra’s first CEO, Microsoft Surface surfeit

Candidates at Wharton among those protesting over diminished educational experience

From Chile to Bolivia, revolts against leaders from left and right have root causes in stagnant growth and weak investment

Yhonnie Scarce and Judy Watson talk about creating work with seductive surfaces and dark themes

London-based Ashmore bet heavily on the country’s short-term debt

Alain Delon stars in this existential thriller, set in Nazi-occupied Paris

World’s largest container shipping group may use strengthened balance sheet to swoop

UK government support needed to ensure supply of food and medicines

Industry forecast to suffer $25bn hit this year as coronavirus changes working life

Stylists advise on how to look professional when working remotely. Join a live discussion on Friday April 24 at noon and 5pm

“The cultural bore of the autumn is the lover of Mad Men.” So wrote FT arts writer Peter Aspden in his weekly culture column, provoking a storm of reader responses – some grateful, others outraged. As it enters a fourth series, has Mad Men made the fatal mistake of falling in love with itself? Is the series losing its sense of time and place, and are the characters becoming stale? We look at Mad Men's plot, historical significance and, crucially, its impact on fashion – the skinny ties, hourglass figures, and excessive drink consumption. Has it influenced our own sense of style? In this week’s arts podcast, FT columnists Peter Aspden, John Lloyd and Nicola Copping are in the studio with arts editor Jan Dalley. Produced by Rob Minto and Griselda Murray Brown  

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Nelson Mandela once said, “Somehow, Shakespeare always seems to have something to say to us.” This year, the bard is saying it in 37 languages. Globe to Globe, a six-week festival starting on April 21 at Shakespeare’s Globe in London, presents all 37 of Shakespeare's plays, each by a different international theatre company. But what is lost in translation? Can other countries really do Shakespeare better than Britain? And how do the plays relate to the world today? Jan Dalley is joined by Dominic Dromgoole, artistic director of the Globe; Professor Robert Grant, formerly of Glasgow University; and Peter Aspden, the FT’s arts writer. Roger Granville, producer of the Dari Persian "The Comedy of Errors" from Kabul, joins down the line. Produced by Griselda Murray Brown  

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Hip hop may have started in the Bronx, but today’s rappers are millionaires with business empires that extend way beyond music. Ahead of Jay Z and Kanye West's European tour of their joint album Watch The Throne, Raphael Abraham talks to FT critics Ludovic Hunter-Tilney and Richard Clayton about the evolution and future of rap. With clips from The Sugarhill Gang, Jay Z and Kanye West, Evidence and DJ Shadow. Produced by Griselda Murray Brown  

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