To further support the consistent implementation of the Common Reporting Standard (CRS), the OECD today released a series of additional CRS-related Frequently Asked Questions; and the second edition of the Standard for Automatic Exchange of Financial Account Information in Tax Matters.

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.

The OECD welcomes the decision by The Bahamas to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, which was formally communicated to the OECD in a letter from The Bahamas’ Minister of Finance, the Hon Kevin P. Turnquest MP, on Monday 29 May 2017.

Today, the OECD has released updated and new IT-tools and guidance to support the technical implementation of the exchange of tax information under the Common Reporting Standard (CRS), on Country-by-Country Reporting (CbC) and in relation to tax rulings (ETR).

Tax administrations are playing a critical role as governments start implementing new international measures to counter offshore evasion and combat tax avoidance by multinational enterprises.

The Forum on Tax Administration (FTA) is the leading international body concerned with tax administration. The FTA, which brings together Tax Commissioners from 50 advanced and emerging tax administrations (including OECD and G20 countries), held its Plenary meeting in Oslo on 27-29 September.

As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Qatar has signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting (CbC MCAA), bringing the total number of signatories to 68.

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.

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").

Today, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA) which for the first time includes activations by Panama. The OECD also released the second edition of the Common Reporting Standard Implementation Handbook.

Today, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA), bringing the total number of relationships to over 3200, an increase of more than 500 since April of this year.

Tax officials from 21 jurisdictions met this week in Yangzhou, China, to share experiences from the first year of country-by-country reporting and explore how information can be used most effectively in the tax risk assessment of MNE groups. The workshop also included representatives of large MNE groups headquartered or with major operations in China and the Asia-Pacific region.

Global cooperation to fight tax evasion and avoidance has grown rapidly over the past few years. Tax Transparency and Exchange of Information between tax authorities about financial assets and activities of their taxpayers abroad has proved to be a valuable tool in this fight.

The Global Forum held its annual meeting in Uruguay on 20-22 November, bringing together 220 delegates from 84 jurisdictions and 12 International organisations to strengthen further the international community’s fight against tax evasion. The meeting marked the widespread rollout of automatic exchange of financial account of information.

The purpose of the CbC MCAA is to set forth rules and procedures as may be necessary for Competent Authorities of jurisdictions implementing BEPS Action 13 to automatically exchange CbC Reports prepared by the Reporting Entity of an MNE Group and filed on an annual basis with the tax authorities of the jurisdiction of tax residence of that entity with the tax authorities of all jurisdictions in which the MNE Group operates.

The Forum on Tax Administration (FTA), the 53 leading global tax administrations, met in Chile on 26-28 March and agreed an ambitious agenda focused on tax certainty, enhanced tax co-operation and the collective challenges of digital transformation.

The OECD has added new features to its MLI Matching Database. The database now includes information on entry into effect dates for matched agreements and the option to calculate entry into effect dates on the basis of anticipated dates of deposits. The expanded database also includes references to synthesised texts, if available.

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.

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.

Today marks an important milestone for the OECD/UNDP Tax Inspectors Without Borders initiative (TIWB) with the launch of a project on automatic exchange of information. The project, which will be co-ordinated with the Global Forum on Transparency and Exchange of Information for Tax Purposes, was unveiled during its 10th Anniversary Meeting in Paris, France.

Today, the OECD released IT-formats and guidance to support the technical implementation of the OECD Treaty Relief and Compliance Enhancement (TRACE) initiative, as well as to facilitate the wider use of the OECD Common Transmission System (CTS) for the exchange of information between tax administrations.

The Global Forum and the Italian Revenue Agency carried out an onsite visit in Tirana to assist Albania with the implementation of the international standard of automatic exchange of financial account information (AEOI).

Comprised of 34 Global Forum members, the Automatic Exchange of Information Peer Review Group (APRG) held its first meeting on 16-18 March 2020 to discuss key issues in ensuring that jurisdictions are putting in place what is required to deliver an effective AEOI Standard, as well as how the recent developments in relation to Covid-19 might impact expectations.

The book assesses the current policy context for young enterprises in the MENA region and outlines policy tools and instruments, both indirect and direct, that governments can implement to support new enterprise development.

Latvia has successfully consolidated its hospital sector and strengthened primary care since the financial crisis. But persistent barriers to accessing high quality care need to be removed, according to a new OECD report.

These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

Between 1999 and 2014, the number of small and medium-sized enterprises (SMEs) in Japan dropped by 21% as a result of the retirement of ageing business owners and weak entrepreneurial intentions in the Japanese population.

The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.

These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.

Gross Fixed Capital Formation in Morocco increased to 314963 MAD Million in 2018 from 302226 MAD Million in 2017. Gross Fixed Capital Formation in Morocco averaged 75401.06 MAD Million from 1952 until 2018, reaching an all time high of 314963 MAD Million in 2018 and a record low of 690 MAD Million in 1957. This page provides - Morocco Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As the Millennium Development Goals (MDGs) approach their expiry date, we must focus our efforts on ensuring a brighter, more inclusive and sustainable future for all. We face a plethora of common issues: growing inequalities; changing consumption patterns and population dynamics; increasing natural resource scarcity; and ongoing illicit financial flows.

Gross Fixed Capital Formation in Nepal increased to 317265 NPR Million in 2018 from 277577 NPR Million in 2017. Gross Fixed Capital Formation in Nepal averaged 142858.53 NPR Million from 2000 until 2018, reaching an all time high of 317265 NPR Million in 2018 and a record low of 84751 NPR Million in 2000. This page provides - Nepal Gross Fixed Capital Formation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.

Gross Fixed Capital Formation in Brunei increased to 2162.10 BND Million in the second quarter of 2019 from 1447.90 BND Million in the first quarter of 2019. Gross Fixed Capital Formation in Brunei averaged 1712.04 BND Million from 2013 until 2019, reaching an all time high of 2574.80 BND Million in the third quarter of 2018 and a record low of 1080.60 BND Million in the first quarter of 2014. This page provides - Brunei Gross Fixed Capital Formation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Malawi increased to 191861 MWK Million in 2018 from 184693.90 MWK Million in 2017. Gross Fixed Capital Formation in Malawi averaged 134253.49 MWK Million from 2002 until 2018, reaching an all time high of 213674 MWK Million in 2008 and a record low of 28646.10 MWK Million in 2002. This page provides - Malawi Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Spanish economy experienced significantly weaker labour productivity growth than other OECD economies and failed to catch up with the most advanced economies in the period 1996-2007. In recent years labour productivity growth has accelerated, but this recovery is likely to be due to cyclical and temporary factors.

Palabras de Angel Gurría,Secretario General OCDE, Lanzamiento del Informe Perspectivas Económicas de América Latina 2013: Transformación de la Estructura Productiva y Papel de las PYMES en el Desarrollo Regional

Despite the economic importance of the road transport sector, there is no systematic cross-country evidence on the sector’s efficiency.

This paper analyses the age structure of employment rates across OECD countries with a focus on France. The statistical contribution of each age group to total unemployment-rate differentials is also computed.

This paper provides both descriptive and empirical evidence about the main youth labour market problems in Spain. Using the experiences of other EU economies as a benchmark, we document the performance of Spain as regards a wide set of youth labour market dimensions.

Informality has important implications for productivity, economic growth, and the inequality of income. In recent years, the extent of informal employment has increased in many of Mexico's states, though highly heterogeneously.

Judicial performance and its determinants: a cross-country perspective

This paper takes stock of informal employment in Russia analysing its incidence and determinants. Using the regular 2003-11 waves and an informality supplement of the Russian Longitudinal Monitoring Survey (RLMS) it develops several measures of informal employment and demonstrates that the incidence varies widely across the different definitions.

Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax system, among many, and implementation has started in earnest.

Both educational attainment and skills, as measured in the OECD Survey of Adult Skills (PIAAC), are high in Sweden. They are not perfect substitutes, but both are to some degree necessary for successfully integrating in the Swedish labour market.

In the years before the economic crisis, Portugal had low growth, a decline in export competitiveness and rising imbalances that included a large current account deficit and a strong expansion of the non-tradable sector. Strengthening export performance is therefore one of the principal challenges for Portugal.

Boosting investment in infrastructure and logistics, further liberalising the network industries, improving investment in human and knowledge-based capital to allow upgrading in the global value chains will be essential to enhance export performance.

The German economy has steadily recovered from the 2008 global crisis. Thanks to past reforms, the labour market has proved strong and export performance has been impressive.

Non-residential investment has fallen over the past 20 years as a share of GDP and is now lower than in several other high-income OECD countries.