The average tax-to-GDP ratio in Latin America and the Caribbean rose to 22.8% in 2017, a gain of 0.2 percentage points from 2016, according to Revenue Statistics in Latin America and the Caribbean 2019. The report finds that the rebound was primarily driven by Caribbean countries and in particular Guyana and Barbados, on the back of tax policy and administration reforms.

The Global Forum Secretariat is assisting Morocco in preparing for its second round of peer review aimed at assessing its compliance with the international standard of exchange of information on request.

Tax-to-GDP ratios increased in the majority of Asian and Pacific economies covered by a new OECD report published today. Nine of the economies in the publication increased their tax-to-GDP ratios between 2016 and 2017, compared with only three in the preceding year, according to Revenue Statistics in Asian and Pacific Economies 2019.

TIWB will release its Annual Report 2018/19 on Tuesday, 24 September 2019 at 12:00 EST/18:00 CEST.

Taxing polluting sources of energy is an effective way to curb emissions that harm the planet and human health, and the income generated can be used to ease the low-carbon transition for vulnerable households. Yet 70% of energy-related CO2 emissions from advanced and emerging economies are entirely untaxed, offering little incentive to move to cleaner energy, according to a new OECD report.

The 2019 edition of the tax policy publication Revenue Statistics in Africa will be launched on Tuesday, 19 November, during the African Union’s 13th Session of the Committee of Director Generals of National Statistics Offices. The report provides an overview of the main taxation trends from 1990 to 2017 in 26 African economies.

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.

Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis.

As part of continuing efforts to address BEPS concerns, the Inclusive Framework on BEPS has now assessed 112 jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package.

The work on BEPS Action 14 continues with today's publication of the eighth round of stage 1 peer review reports. Each report assesses a country's efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project.

At the request of concerned countries, the OECD Secretariat has issued guidance on these issues based on a careful analysis of the international tax treaty rules.

Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so as governments seek to support households and businesses, protect employment and pursue economic recovery from the global pandemic, according to new OECD analysis.

As a result of COVID-19, public life has come to a sudden halt and consumer spending is plummeting. How will this crisis and the policy actions taken in response affect tax revenues? And what lessons can be learned from the previous global financial crisis?

Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the Covid-19 pandemic.

Imports - Coal & Other Fuels Except Gas (Census Basis) in the United States decreased to 144.06 USD Million in March from 149.31 USD Million in February of 2020. Imports - Coal & Other Fuels Except Gas (Census Ba in the United States averaged 140.99 USD Million from 1989 until 2020, reaching an all time high of 598.95 USD Million in August of 2008 and a record low of 18.71 USD Million in April of 1990. This page includes a chart with historical data for the United States Imports of Coal & Other Fuels Except Gas.

Cpi Housing Utilities in Gambia remained unchanged at 100.24 points in March from 100.24 points in February of 2020. Cpi Housing Utilities in Gambia averaged 172.88 points from 2011 until 2020, reaching an all time high of 216.06 points in December of 2019 and a record low of 100 points in January of 2020. This page provides - Gambia Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The tax-to-GDP ratio in Chile increased by 1.0 percentage points from 20.1% in 2017 to 21.1% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

Chile's tax-to-GDP ratio in 2018 (21.1%) was below the LAC average (23.1%)¹ in this year's Revenue Statistics in Latin America and the Caribbean publication by 2.0 percentage points and below the OECD average (34.3%).

Belgium recorded a government budget deficit of 3402 EUR Million in 2018. Government Budget Value in Belgium averaged -7757.33 EUR Million from 1970 until 2018, reaching an all time high of 779 EUR Million in 2006 and a record low of -18817 EUR Million in 2009. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Belgium Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Germany recorded a government budget surplus of 7.09 EUR Billion in the third quarter of 2019. Government Budget Value in Germany averaged -10.49 EUR Billion from 1991 until 2019, reaching an all time high of 40.63 EUR Billion in the third quarter of 2000 and a record low of -58.90 EUR Billion in the fourth quarter of 1992. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - Germany Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Iraq recorded a government budget deficit of 853060 IQD Million in October of 2019. Government Budget Value in Iraq averaged 9635610.35 IQD Million from 2004 until 2019, reaching an all time high of 61244368 IQD Million in August of 2015 and a record low of -13581445 IQD Million in September of 2012. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Iraq Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gambia recorded a government budget deficit of 1415.66 Dalasi Million in the third quarter of 2019. Government Budget Value in Gambia averaged -831.01 Dalasi Million from 2008 until 2019, reaching an all time high of 95.19 Dalasi Million in the first quarter of 2011 and a record low of -2929.01 Dalasi Million in the third quarter of 2017. This page provides - Gambia Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan recorded a government budget deficit of 27633 JPY HND Million in the fourth quarter of 2019. Government Budget Value in Japan averaged -33660.14 JPY HND Million from 1964 until 2019, reaching an all time high of 91505 JPY HND Million in the first quarter of 2008 and a record low of -347513 JPY HND Million in the fourth quarter of 1998. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Japan Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mexico recorded a government budget deficit of 30159.60 MXN Million in February of 2020. Government Budget Value in Mexico averaged -13518.94 MXN Million from 1990 until 2020, reaching an all time high of 340612.40 MXN Million in March of 2017 and a record low of -308191.94 MXN Million in December of 2017. In Mexico, the public budget includes, not only government expenses and revenues, but also financial balance of entities under indirect budgetary control, and external and internal financing requirement. This page provides - Mexico Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore recorded a government budget surplus of 3262.40 SGD Million in February of 2020. Government Budget Value in Singapore averaged 1066.06 SGD Million from 2011 until 2020, reaching an all time high of 17603.90 SGD Million in May of 2019 and a record low of -9045.20 SGD Million in March of 2019. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Singapore Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia recorded a government budget surplus of 12.41 RUB Billion in March of 2020. Government Budget Value in Russia averaged 421.35 RUB Billion from 1998 until 2020, reaching an all time high of 3834.60 RUB Billion in October of 2008 and a record low of -2967.30 RUB Billion in December of 2016. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Russia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Switzerland recorded a government budget surplus of 8097 CHF Million in 2019. Government Budget Value in Switzerland averaged -400.15 CHF Million from 1980 until 2019, reaching an all time high of 11811 CHF Million in 2000 and a record low of -18357 CHF Million in 1993. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Switzerland Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Italy recorded a government budget deficit of 4.51 EUR Billion in February of 2020. Government Budget Value in Italy averaged -4.39 EUR Billion from 1980 until 2020, reaching an all time high of 27.41 EUR Billion in December of 2018 and a record low of -43.39 EUR Billion in October of 2009. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - Italy Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Canada recorded a government budget surplus of 3577 CAD Million in February of 2020. Government Budget Value in Canada averaged -991.48 CAD Million from 1985 until 2020, reaching an all time high of 5770 CAD Million in February of 2005 and a record low of -14900 CAD Million in March of 2019. The government budget balance is the difference between government revenues and expenses, excluding public debt charges. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Burundi recorded a government budget surplus of 10087.77 BIF Million in December of 2019. Government Budget Value in Burundi averaged -12023.23 BIF Million from 2005 until 2019, reaching an all time high of 78737.21 BIF Million in December of 2010 and a record low of -72443.34 BIF Million in February of 2015. This page provides - Burundi Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey recorded a government budget deficit of 41951225 TRY Thousand in March of 2020. Government Budget Value in Turkey averaged -3939005.32 TRY Thousand from 1985 until 2020, reaching an all time high of 20773054 TRY Thousand in January of 2020 and a record low of -41951225 TRY Thousand in March of 2020. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. Until 2005, data are cumulative. This page provides - Turkey Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia recorded a government budget deficit of 9814 AUD Million in March of 2020. Government Budget Value in Australia averaged -604.10 AUD Million from 1973 until 2020, reaching an all time high of 14307 AUD Million in April of 2007 and a record low of -23705 AUD Million in June of 2012. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Australia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China recorded a government budget deficit of 417.70 CNY Billion in March of 2020. Government Budget Value in China averaged -192.52 CNY Billion from 1990 until 2020, reaching an all time high of 5885.80 CNY Billion in January of 2012 and a record low of -15554.19 CNY Billion in December of 2013. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - China Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Africa recorded a government budget deficit of 2581 ZAR Million in March of 2020. Government Budget Value in South Africa averaged -3119.13 ZAR Million from 1960 until 2020, reaching an all time high of 37586 ZAR Million in June of 2019 and a record low of -107881 ZAR Million in July of 2019. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - South Africa Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

France recorded a government budget deficit of 52.50 EUR Billion in March of 2020. Government Budget Value in France averaged -49.87 EUR Billion from 1994 until 2020, reaching an all time high of -4.21 EUR Billion in January of 2000 and a record low of -148.80 EUR Billion in December of 2010. The government budget balance is the difference between government revenues and expenses, including the treasure special component. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - France Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.

This guidance addresses the unique due diligence challenges posed by gold, such as its intrinsic high-value and fungible nature, the non-linear structure of its supply chain, and its multiple downstream uses.

This meeting aimed to identify practical policy options for Latin American governments in the formulation of their investment promotion strategies with a specific focus on international value chains.

Participants in this multi-stakeholder meeting launched the Gold Implementation programme and advanced implementation of due diligence in the 3Ts supply chain to ensure that companies avoid contributing to conflict through their mineral or metal purchasing decisions and practices.

Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).

This Investment Policy Review examines Mozambique's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.

Participants in this multi-stakeholder meeting reviewed and discussed the implementation of the OECD Due Diligence Guidance and in the 3Ts supply chain to ensure that companies avoid contributing to conflict through their mineral or metal purchasing decisions and practices.

South Africa must take urgent steps to proactively investigate and prosecute foreign bribery. No foreign bribery cases have been prosecuted since South Africa joined the Convention in 2007. The 4 on-going investigations – out of only 10 allegations that have surfaced to date – are also far from reaching the prosecution stage, according to a new report by the OECD Working Group on Bribery.

Global FDI flows for 2014 have stalled at levels substantially below the peak levels reached before the financial crisis and ensuing global recession that began in 2008 according to preliminary estimates in the December 2014 issue of FDI in Figures.

The German Federal Institute for Geosciences and Natural Resources (BGR), supported by the OECD, has initiated a study to assess the contribution of small and medium-scale enterprises (SMEs) to due diligence for responsible mineral supply chains. To gather information for this study, SMEs were invited to take part on a confidential survey of due diligence activities by SMEs.

This public consultation is being held to gather comments on the draft OECD Due Diligence Guidance for Meaningful Stakeholder Engagement in the Extractives Sector which provides practical guidance to mining, oil and gas enterprises in addressing the challenges related to stakeholder engagement. The deadline for comment is 5 June 2015.

This public consultation is being held to gather comments on the draft Chinese Due Diligence Guidelines for Responsible Mineral Supply Chains. They are intended to align Chinese company due diligence with international standards and allow for mutual recognition with existing international initiatives and legislations.

The workshop will discuss the first results of the OECD Secretariat’s work on integrating FDI statistics into the analysis of Global Value Chains (OECD-WTO Trade in Value Added Initiative) to better account for foreign ownership.

This OECD report lays an empirical foundation for structuring economic policies to facilitate Chile’s participation in global value chains and to maximise the associated benefits for national firms and workers.

Paris, 14 March 2016: Organised by the OECD-hosted Freedom of Investment Round-table, this conference will explore how governments are balancing investor protection and how to improve balance through new institutions.