Taxes are potentially among the most effective ways of cutting pollution and greenhouse gas emissions, but they are currently – with very few exceptions – underused; and even where used, they are frequently designed in a sub-optimal way.

Taxes on the labour income of the average worker in Latin American and Caribbean (LAC) countries totalled 21.7% of total labour costs in 2013, one-third lower than in OECD countries, where the average was 35.9%, according to the first edition of Taxing Wages in Latin America and the Caribbean.

Tax revenues collected in advanced economies have continued to increase from last year’s all-time high, with taxes on labour and consumption representing an increasing share of total tax revenues, according to new OECD research.

Every worker and employer is directly affected by taxes on wages. Taxation is one of the principal ways we finance public services. It also helps us achieve important social objectives, such as redistributing wealth to address inequalities. But as the OECD’s annual Taxing Wages points out, tax policies on labour income may have an impact on individuals’ behaviour with respect to the labour market or their consumption habits.

This guidance will support the consistent implementation of internationally agreed standards for the VAT treatment of cross-border trade and is of particular relevance given the rapid and ongoing digitalisation of the economy.

Social security contributions and consumption taxes give way to personal income taxes, as corporate income taxes fail to recover

The taxation of personal savings and wealth varies widely, offering governments significant scope for tax reforms that simultaneously improve both the efficiency and fairness of their tax systems, according to two new OECD reports.

Workers in OECD countries paid just over a quarter of their gross wages in tax on average in 2017, with just over half of countries seeing small increases in the personal average tax rate, according to a new OECD report.

Tax revenues in advanced economies have continued to increase, with taxes on companies and personal consumption representing an increasing share of total tax revenues, according to new OECD research.

Income tax and social security contributions declined slightly for the average worker across the OECD in 2018, driven by major reforms in a handful of countries, according to a new OECD report.

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.

Labour taxes on the average worker across OECD countries continued to decline for the sixth consecutive year in 2019, according to a new OECD report.

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change,according to a new OECD study.

This country note provides an environmental tax and carbon pricing profile for Australia. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change,according to a new OECD study.

This country note provides an environmental tax and carbon pricing profile for Japan. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

This country note provides an environmental tax and carbon pricing profile for Austria. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

This country note provides an environmental tax and carbon pricing profile for Belgium. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

Income inequality in Colombia has declined since the early 2000s but remains very high by international standards. While most of the inequality originates from the labour market, wealth – and thus capital income – is also highly concentrated and the tax and transfer system has little redistributive impact.

Redistribution is quantified as the relative reduction in market income inequality achieved by personal income taxes, employees’ social security contributions and cash transfers, based on household-level micro data.

Many OECD countries have been facing a prolonged period of low growth and stagnating income of the poorest. This challenges governments’ fiscal redistribution, all the more so in a context where new forms of work are calling into question the effectiveness of traditional social safety nets and population ageing is putting pressure on public finances.

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change,according to a new OECD study.

Ensuring tax and transfer systems bring sufficient revenue to reach macroeconomic fiscal targets, address societal goals in re-distribution and social welfare, recognise the influence taxation has on businesses’ competitiveness and adequately address environmental externalities is a tough challenge, arguably more so in Israel than in many other OECD countries.

This review particularly recommends shifting away from income taxation to indirect taxation, for instance by raising more revenue from the Goods and Services Tax.

This paper analyses income inequality in Ireland using a new panel dataset based on the administrative tax records of the Revenue Commissioners for Ireland.

Tax reforms are crucial to promoting inclusive growth in India.

This paper investigates the factors that shape governments’ capacity to collect revenue.

Conventional wisdom holds that countries with lower taxes attract higher levels of foreign direct investment (FDI). At first glance, this intuitive assumption seems to be supported by the evidence but is this true?. Pierre Poret, Deputy Director of the OECD Financial and Enterprise Affairs Directorate takes a closer look.

Imports Intra Eu - Soaps, Organic Agents, Lubricants, Waxes in the United Kingdom decreased to 119.70 GBP Million in February from 135.12 GBP Million in January of 2020. Imports Intra Eu - Soaps, Organic Agents, Lubrican in the United Kingdom averaged 79.98 GBP Million from 1996 until 2020, reaching an all time high of 162.57 GBP Million in October of 2019 and a record low of 28.96 GBP Million in December of 1996. This page includes a chart with historical data for the United Kingdom Imports of Intra EU - Soaps, Organic Agents, Lubr.

Imports of Animal & Vegetable Oils, Fats & Waxes in Australia increased to 61 AUD Million in March from 55 AUD Million in February of 2020. Imports of Animal & Vegetable Oils, Fats & Waxes in Australia averaged 33.80 AUD Million from 1988 until 2020, reaching an all time high of 82 AUD Million in March of 2016 and a record low of 5 AUD Million in March of 1989. This page includes a chart with historical data for Australia Imports of Animal & Vegetable Oils, Fats & Waxes.

Imports of Soaps, Lubricating Products, Waxes, Etc in Mexico increased to 48540 USD THO in March from 38622 USD THO in February of 2020. Imports of Soaps, Lubricating Products, Waxes, Etc in Mexico averaged 42835.28 USD THO from 2014 until 2020, reaching an all time high of 51426 USD THO in June of 2017 and a record low of 34873 USD THO in December of 2018. This page includes a chart with historical data for Mexico Imports of Soaps, Lubricating Products, Waxes, Etc.

Imports - Soap Etc., Lubricating Products, Waxes, Polishing in Mexico increased to 92695 USD THO in March from 73777 USD THO in February of 2020. Imports - Soap Etc., Lubricating Products, Waxes, in Mexico averaged 81815.28 USD THO from 2014 until 2020, reaching an all time high of 98155 USD THO in August of 2018 and a record low of 69694 USD THO in December of 2014. This page includes a chart with historical data for Mexico Imports of Soap Etc., Lubricating Products, Waxes.

Imports - Tobacco, Waxes & Non Food Oils (Census Basis) in the United States increased to 762.61 USD Million in March from 652.03 USD Million in February of 2020. Imports - Tobacco, Waxes & Non Food Oils (Census B in the United States averaged 444.69 USD Million from 1989 until 2020, reaching an all time high of 1192.60 USD Million in July of 2012 and a record low of 156.03 USD Million in August of 1989. This page includes a chart with historical data for the United States Imports Ofbacco, Waxes & Non Food Oils.

Debbie White to step down as group strengthens leadership of its three divisions

Jeremy Corbyn unveils party's ‘most radical’ plans in decades, Tories backtrack on national insurance pledge while pressure on public finances increases

Europe’s largest low-cost airline expects return to 2019 passenger levels to take 2 years

US oil producer pledges to reduce output by more than a third in June

You can now debunk thousands of coronavirus-related hoaxes with a few texts on WhatsApp . Poynter Institute, a non-profit organization that supports journalism, today launched a bot on the Facebook -owned service that will allow people across the globe to debunk over 4,000 hoaxes surrounding the pandemic such as whether the infectious disease originated in […]

While plenty of tech stocks have seen their market caps dive in the past month, Groupon has taken a harder hit than most. The company’s share price has dropped more than 70% in the past five weeks. The reckoning came for Groupon’s leadership today with both CEO Rich Williams and COO Steve Krenzer ousted. In […]

You can now debunk thousands of coronavirus-related hoaxes with a few texts on WhatsApp . Poynter Institute, a non-profit organization that supports journalism, today launched a bot on the Facebook -owned service that will allow people across the globe to debunk over 4,000 hoaxes surrounding the pandemic such as whether the infectious disease originated in […]

1. Coronavirus: Tamil Nadu relaxes lockdown measures further  Times of India
2. Major Relaxations For Non-Containment Zones In Tamil Nadu From Monday  NDTV
3. Don't be afraid, don't be very afraid of Tamil Nadu's coronavirus numbers  Deccan Chronicle
4. Liquor sale: Scuffle breaks out between protestors and police in Tamil Nadu's Madurai  Economic Times
5. Should Tamil Nadu follow the Kerala model?  The New Indian Express
6. View Full coverage on Google News

Michelle Dockery enjoyed a break from her hectic schedule as she visited the beach in Malibu, California with her friends this week.

In a video shared by her pal, Mollie, to Instagram, the giggling Love Island star, 40, could be seen attempting to the climb the wall but quickly chickening out as she got too high.

Chris Hughes has reportedly been axed from Sport Relief's The Heat Is On challenge, following his shocking brawl at the National Television Awards last month.

The Brazilian was closely monitored by the Dortmund midfielder for large parts of the opening leg of their last-16 tie and it seems his frustrations boiled over early in the second half.

Liam Hemsworth looked like a weight had been lifted off his shoulders when he stepped out in LA on Wednesday. The 30-year-old actor was spotted leaving A.O.C. restaurant after lunch.

The 38-year-old tennis ace's two piece was styled very high on the hips, making the most of her long legs and bounteous booty in two snaps she shared on Instagram on Friday.

The Scot, a two-time winner of the World Championships at Ally Pally, was scheduled to take part in the event from the comfort of his own home in Somerset, but is now unable to.

Kanye West announced plans in November that he was setting up a new Adidas Yeezys HQ in Cody, Wyoming, vowing to bring jobs back to the United States.

Dortmund sporting director Michel Zorc insists the club are 'totally relaxed' about the future of coveted youngster Jadon Sancho and that they have bigger concerns at this present time.