Today, at the OECD Headquarters in Paris, Biljana Peranović, Director General of the Directorate for Tax and Customs of Montenegro, signed the multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in the presence of the OECD Director of Legal Affairs, Nicola Bonucci. Montenegro is the 130th jurisdiction to join the Convention.
Today the OECD Secretariat published a proposal to advance international negotiations to ensure large and highly profitable Multinational Enterprises, including digital companies, pay tax wherever they have significant consumer-facing activities and generate their profits.
Today, at the OECD Headquarters in Paris, Calixte Batossie Madjoulba, Ambassador of Togo in France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in the presence of the OECD Deputy Secretary-General Ludger Schuknecht. Togo is the 136th jurisdiction to join the Convention.
The international community reaffirmed its commitment to reach a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and will continue working toward an agreement by the end of 2020, according to the Statement by the Inclusive Framework on BEPS released by the OECD today.
The Phase 3 Report on Italy by the OECD Working Group on Bribery evaluates and makes recommendations on Italy's implementation and application of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and related instruments.
The OECD, WTO and UNCTAD have called on G20 governments to step up efforts to resist protectionism in the face of continuing high unemployment and a weak economic recovery.
Deputy Minister of National Planning and Economic Development, Dr. Khin San Yee, presented her country’s ambitious efforts to improve the investment climate at meetings of the OECD Investment Committee and Advisory Group on Investment and Development from 15-17 October 2013 in Paris.
The OECD Working Group on Bribery supports Spain’s efforts to further reform its Penal Code to bring its anti-bribery law into line with its international obligations under the OECD Convention on Combatting Bribery of Foreign Public Officials in International Business Transactions.
Due to serious concerns about the extremely low level of enforcement of Japan’s offence of bribing foreign public officials – just three prosecutions since 1999 – the OECD Working Group on Bribery recommended in December 2013 that Japan establish an Action Plan to organise police and prosecution resources to be able to proactively detect, investigate and prosecute cases of foreign bribery by Japanese companies.
Israel is not sufficiently proactive in detecting and investigating foreign bribery, with no prosecutions over the past 7 years, despite 14 allegations of foreign bribery involving Israeli individuals or companies. The OECD Working Group on Bribery is, however, encouraged by the recently-opened investigations, and will pay close attention to how these evolve.
Finland has proactively investigated seven allegations of Finnish individuals or companies paying bribes to foreign public officials since 1999 but needs to address its discouragingly high acquittal rate.
Most people in OECD countries are overweight or obese. The social and economic consequences of this epidemic are dramatic, exposing an increasing number of people to chronic diseases such as diabetes, heart disease and cancer.
Australia’s enforcement of its foreign bribery laws has been extremely low, with just a single case leading to prosecutions out of 28 referrals in 13 years. Cases may have been closed prematurely. Australia must vigorously pursue foreign bribery allegations.
Australia has made some progress replacing coal with natural gas and renewables in electricity generation yet remains one of the most carbon-intensive OECD countries and one of the few where greenhouse gas emissions (excluding land use and forestry) have risen in the past decade. The country will fall short of its 2030 emissions target without a major effort to move to a low-carbon model, according to a new OECD report.
Due to serious concerns about the extremely low level of enforcement of Japan’s offence of bribing foreign public officials – just three prosecutions since 1999 – the OECD Working Group on Bribery recommended in December 2013 that Japan establish an Action Plan to organise police and prosecution resources to be able to proactively detect, investigate and prosecute cases of foreign bribery by Japanese companies.
Fossil-fuel subsidies are environmentally harmful, costly, and distortive. After a 3 years downward trend between 2013 and 2016, government support for fossil fuel production and use has risen again, in a threat to efforts to curb greenhouse gas emissions and air pollution, and the transition to cleaner and cheaper energy.
India is set for a modest recovery after a loss of momentum, as reforms to simplify taxation, lighten business regulations and upgrade infrastructure start to bear fruit. Further reforms to modernise the economy are now needed to drive the creation of high-quality jobs, as well as measures to improve public services and welfare, according to a new OECD report.
Israel’s economy is in good shape, but further efforts are needed to fight poverty and close the gap in living standards with other leading nations, according to the OECD’s latest Economic Survey of Israel.
Economic reforms have helped Slovenia recover from the crisis, but further action is needed to strengthen the banking and corporate sectors, stabilise debt and create jobs, according to the latest OECD Economic Survey of Slovenia.
Brazil’s strong economic growth has helped cut the youth unemployment rate over the past decade to levels below those of most OECD countries. Increased investment in education and vocational training is also helping young people get a foot in the jobs market, according to a new OECD report.
Current carbon prices are falling short of the levels needed to reduce greenhouse gas emissions driving climate change, but even moderate price increases could have a significant impact, according to new OECD research.
The role of international organisations (IOs) is critical in the development of rules and standards that can help advance the well-being of citizens in an increasingly globalised world.
Ministers from OECD and developing economies have committed to step up their efforts to promote responsible business conduct by companies in order to drive more inclusive and sustainable economic growth.
The tech industry is mobilizing its considerable resources to attempt to support efforts against the growing global coronavirus pandemic. Over the weekend, the CEOs of Amazon, Apple and Microsoft all shared updates regarding some aspects of their company’s ongoing contributions, which range from donations of medical supplies and personal protective equipment (PPE) for frontline healthcare […]
PwC Chief Executive Luke Sayers today announced the members of an external advisory board charged with moving the firm towards greater diversity and inclusion among its people.
Recent business shutdowns and changes to normal routines related to mitigation efforts for the 2019 novel coronavirus disease (COVID-19) have caused daily, weekday electricity demand in New York state to decrease by 11%â14% in March and April compared with expected demand, after accounting for seasonal temperature changes. Electricity demand changes in New York state and in New York City, in particular, have been more pronounced than in other parts of the country, which may partly be caused by differences in electricity consumption across regions and the varying effects of COVID-19 mitigation efforts on these sectors.
Recent business shutdowns and changes to normal routines related to mitigation efforts for the 2019 novel coronavirus disease (COVID-19) have caused daily weekday electricity demand in the central region of the United States to decrease by 9%�13% in March and April compared with expected demand, after accounting for seasonal temperature changes. This decrease is similar to declines seen in New York. In contrast, other areas of the country, such as Florida, have not experienced significant changes, which may partly be caused by regional differences in how much electricity each end-use sector consumes and the varying effects of COVID-19 mitigation efforts on the sectors.
PETE JENSON IN SPAIN: Renewing attempts to bring Neymar to the club or signing Lautaro Martinez from Inter Milan will be the priority this June. That has left the club in a difficult position.
The actor and the human rights barrister are splitting their donation six ways. Part of the funds will go to struggling Hollywood Industry members, while other funds will go to frontline health workers.
Golf's biggest names, including Rory McIlroy, Tiger Woods and Brooks Koepka, have now finalised their preparations for what should be a fascinating four days at The Open.
The NFL's obfuscation on traumatic brain injury research delayed meaningful action on CTE, claims George Washington University professor David Michaels, Barack Obama's former head of OSHA.
John Bolton bashed any future talks between Trump and North Korea and Iran, claiming they are 'doomed to failure.' 'He ripped Trump, without using his name, several times,' one attendee said.
On Saturday night the world's biggest pop stars worked together to pull off a unique concert on titled One World: Together At Home, which was curated by Lady Gaga.
Kris Jenner gave her grandchild, Stormi Webster, one, an epic playhouse as an early Christmas present on Monday.
The mayor of Liverpool Joe Anderson says he will oppose moves by Liverpool Football club to trademark the city's name. The European champions came under criticism earlier this summer.
Boris Johnson today accused Jeremy Corbyn of a 'grotesque failure' to understand UK efforts to tackle climate change as the PM shrugged off criticism from a sacked ex-minister.
Kylie Jenner told her best pal Stassie Karanikolaou about her efforts to make sure her two-year-old daughter Stormi stays' entertained' amid the ongoing coronavirus lockdowns.
Sophie Wessex, 56, who is a member of the Bagshot WI, wrote the letter for the most recent issue of the institute's magazine, WI Life, which is published today.
The 38-year-old megastar singer's compassionate actions were captured momentarily during the telecast of the Celebration of Life for Kobe and Gianna Bryant on Monday.
Tennis integrity chiefs fear a spike in corrupted matches when tournaments resume, as lower-ranked players become more desperate to make ends meet.
The International Tennis Federation (ITF), Wimbledon, and the US and French Opens have donated more than £300,000 to the Australian Bushfire relief efforts.
Far be it for me to comment on the US's medical response to the coronavirus, but amid these failings the US does appear to have managed the business piece remarkably well.
Brescia president Massimo Cellino has hit out at his fellow Serie A chiefs who are insistant on resuming the current Serie A campaign amid the coronavirus crisis. Italy is the worst-hit country.
Former Wales manager Chris Coleman is eager to get back into management after a spell in the Chinese Super League with Hebei China Fortune.
If you're stuck for inspiration ahead of October 31, take a look at these hilarious home-made efforts put together at the last minute by Reddit users from across the world.
Delhi is being smothered by a blanket of toxic smog as government agencies flounder in their efforts to stop polluting vehicles and construction activity, as well as put out a fire at the Bhalswa landfill site.
Hotels in Tokyo have been converted into quarantine facilities to free up space at hospitals and are staffed with robots. Pepper, the world's first humanoid, is greeting people as they arrive.
Despite years of conflicts and lakhs of people being housed in relief camps, the Assam government is yet to develop a practical
policy of responding to the recurring crises.
Ratna Bharali Talukdar
reports.