The shares of the richest 1% in total pre-tax income have increased in most OECD countries over the past three decades. This rise is the result of the top 1% capturing a disproportionate share of overall income growth over that timeframe: up to 37% in Canada and 47% in the United States, according to new OECD analysis.

Action 10 of the Action Plan on Base Erosion and Profit Shifting directs the OECD to develop transfer pricing rules to provide protection against common types of base eroding payments. A discussion draft of proposed modifications to Chapter VII of the Transfer Pricing Guidelines relating to low value-adding intra-group services was released for comment by interested parties today

Public comments are invited on this discussion draft which deals with work in relation to Actions 8,9, and 10 of the Action Plan on Base Erosion and Profit Shifting (BEPS).

On 3 November 2014, the OECD invited comments from interested parties on the discussion draft of proposed modifications to Chapter VII of the Transfer Pricing Guidelines covering low value-adding intra-group services relating to Action 10 of the BEPS Action plan.

On 19 December 2014, interested parties were invited to comment on the discussion draft on Actions 8, 9 and 10: revisions to Chapter I of the Transfer Pricing Guidelines (Including risk, recharacterisation and special measures) of the BEPS Action Plan. The OECD is grateful to the commentators for their input and now publishes the comments received.

Interested parties are invited to review the conforming changes to Chapter IX of the Transfer Pricing Guidelines, "Transfer Pricing Aspects of Business Restructurings."

On 4 July 2016, interested parties were invited to review the conforming amendments to Chapter IX of the OECD Transfer Pricing Guidelines, "Transfer Pricing Aspects of Business Restructurings". The OECD is grateful to the commentators for their input and now publishes the comments received.

Public comments are invited on the future revision of Chapter IV, “Administrative Approaches to Avoiding and Resolving Transfer Pricing Disputes” of the Transfer Pricing Guidelines, and the future revision of Chapter VII, “Special Considerations for Intra-Group Services”, of the Transfer Pricing Guidelines.

Public comments received on the scope of the future revisions of Chapter IV (Administrative Approaches) and Chapter VII (Intra-group services) of the Transfer Pricing Guidelines

The Australian economy is robust and faces a solid short-term outlook, but it must continue adapting to ensure that its privileged place in the Asia-Pacific region contributes to long-term sustainable growth, according to the OECD’s latest Economic Survey of Australia.

The Australian economy is robust and faces a solid short-term outlook, but it must continue adapting to ensure that its privileged place in the Asia-Pacific region contributes to long-term sustainable growth, according to the OECD’s latest Economic Survey of Australia.

The New Zealand economy continues enjoying a strong, broad-based expansion, driven by booming tourism, high net inward migration, solid construction activity and supportive monetary policy.

International trade plays an important role in the Estonian economy. Around a half of the private sector employment is sustained by foreign demand, twice as much as the OECD average.

Technological change is increasing the productivity of highly skilled workers but creating more challenging labour-market conditions for their low-skilled counterparts.

This case study provides an overview of the Brazilian political financing system, including the applicable legislation, categories of political parties and funding, regulation mechanisms and transparency initiatives. It also reviews some of the tools provided to political actors to comply with the legal standards, and draft legislation designed to strengthen and reform the political funding system.

OECD Forum on Financing Democracy and Averting Policy Capture

This essay by the OECD's Mats Isaksson and Serdar Çelik traces the evolution of global corporate governance standards and make the case for strong, clear, yet flexible public policy to support capital formation, economic stability, and growth. It is published by the Columbia Law School's Millstein Center for Global Markets and Corporate Ownership on the occasion of the Center’s 10-year anniversary.

Plus: the FT's film critic on what to watch now

The stage has been set for the next, potentially decisive, act of Brexit after the UK parliament voted to back a December election and the EU formally signed off a delay to Britain’s departure until the end of January. David Bond discusses what happens next with Laura Hughes, parliamentary correspondent, and Sam Fleming, Brussels bureau chief.

Contributors: David Bond, Brexit editor, Laura Hughes, parliamentary correspondent, and Sam Fleming, Brussels bureau chief. Producers: Persis Love and Fiona Symon

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Venezuela’s president airs video of former US soldier accused of taking part in thwarted plot

Climate campaigners say measures lack ambition to tackle crisis

In a polarised time, the broadcaster has won listeners by embracing confrontation

Apple just dumped a bunch of hardware news online via press release. That’s just the world we live in right now. We’ll probably be seeing a whole lot of this in the coming weeks and months, as companies adjust to the new online reality. Along with a new MacBook Air and update to the Mac […]

Over the past two years, I’ve typed nearly every word I’ve written while traveling on the iPad Pro’s Smart Keyboard Folio. For more on why, you can see my iPad Pro review here. For the purposes of this look at the new Magic Keyboard, though, you should probably just know two things about the old […]

The European Commission has set out a plan to move towards a ‘right to repair’ for electronics devices, such as mobile phones, tablets and laptops. More generally it wants to restrict single-use products, tackle “premature obsolescence” and ban the destruction of unsold durable goods — in order to make sustainable products the norm. The proposals […]

1. Astronomers in Hawaii capture high resolution images ..ky imaging’ technique, probe into planet's cloud tops  Firstpost
2. Giant Planet More Astounding Than Before  NEWS9 live
3. Scientists obtain 'lucky' image of Jupiter  BBC News
4. New images of Jupiter captured by astronomers using `lucky technique`  WION
5. Scientists probe Jupiter's violent storms, lightning strikes  EdexLive
6. View Full coverage on Google News

Grow your elist with these 5 smart strategies.

Three important steps can save your business for the future.

After four years off our TV screens, Downton Abbey returned on Monday night for the world premiere of its big screen adaptation and received mixed reviews from critics.

Kim Kardashian and her children join husband Kanye West every week for his music-filled Sunday Services.

Rafael Nadal has been absent from the Shanghai Masters but is guaranteed to recapture the world No 1 spot next month after Novak Djokovic went down to a shock quarter final defeat in China .

Shaqiri made himself unavailable for selection ahead of this month's Euro 2020 qualifiers, which started with Switzerland grabbing a 1-1 draw at Republic of Ireland on Thursday.

The Swiss FA revealed on Tuesday that they have been 'in contact with Granit' and insist 'his standing will not change' as captain of his country, despite his furious outburst towards Arsenal fans.

Aubameyang was heavily linked with a move to the Nou Camp and although a move didn't materialise, Abidal said the club will look for a striker this summer and spoke highly of the Gabon international.

Chance the Rapper confessed to Nicki Minaj on her radio show that his wife saved his life by becoming celibate while the two were estranged. They subsequently married earlier this year.

Nail-biting footage shows a hiker balancing on a narrow peak while scrambling between mountains on the Isle of Skye. Scott MacLucas-Paton, 48, jumps between rocks on Scottish island.

Robert Blomfield had practiced photography across the UK from the 1950s to the 1970s and started capturing the beauty of Edinburgh when he moved to the city to study medicine.

The show is a 'surveillance thriller' where everything - even CCTV footage - can apparently be faked, with the police and intelligence services having astonishing reach.

Jim Furyk has accepted that opposite number Thomas Bjorn 'got the better of him' during the United States' Ryder Cup defeat to Europe.

As the European team began their Ryder Cup celebrations, Patrick Reed was saying his piece to the New York Times, and it won't have made pretty reading for Jordan Spieth or Jim Furyk.

Captain Fantastic looked something less than that when he spoke to a small huddle of journalists at Le Golf National yesterday morning. 

USA Ryder Cup captain Jim Furyk insists that the team's pairings were finalised 'weeks in advance' of last month's tournament, as the bitter fallout from their defeat continues.

Talk has already turned to who will take charge when Europe defend their crown at Whistling Straits, Wisconsin in 2020. Rose believes Irishman Harrington is an ideal candidate

Westwood had previously expressed a desire to captain Europe at Whistling Straits in 2020, but now says he will 'wait until Rome' hosts the biennial contest in 2022 to make his bid for the role.

EXCLUSIVE: Padraig Harrington and Lee Westwood are such certainties to be the next two Ryder Cup captains that consideration will be given to making a joint announcement.

Thomas Bjorn fulfilled a promise to get a tattoo after leading Europe to a 17½-10½ Ryder Cup victory over USA in September. The Dane finally underwent the procedure.

The three-time major winner is the clear favourite to succeed Thomas Bjorn at Whistling Straits, where Europe will be bidding to defend the trophy won in Paris last year.

The three-time major winner succeeds Thomas Bjorn, as Europe bid to defend the trophy. He was announced as captain at a press conference at the European Tour's Wentworth headquarters.

Lee Westwood all but removed any doubt that he will be Europe’s Ryder Cup captain in 2022 on Tuesday when he declared the timing ‘ideal’ for him to take the reins in Italy.

Stricker, who lives just over two hours away from the host venue of Whistling Straits, has made three appearances in the biennial contest as a player, most recently at Medinah in 2012.