As part of BEPS Action 5 to curb harmful tax practices, jurisdictions may only maintain preferential regimes if certain "substantial activities" requirements are met. In order to ensure a level playing field, these requirements must also apply to jurisdictions with zero or only nominal tax rates.

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.

In our modern world, companies are finding it all too easy to game the international tax system to their advantage . It is increasingly incumbent on the global community to create an updated framework to ensure tax certainty and support international trade and investment.

Foreign Exchange Reserves in Burundi increased to 213443.90 BIF Million in December from 100921.20 BIF Million in November of 2019. Foreign Exchange Reserves in Burundi averaged 303116.15 BIF Million from 2011 until 2019, reaching an all time high of 542621 BIF Million in February of 2013 and a record low of 75870.10 BIF Million in December of 2015. In Burundi, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides the latest reported value for - Burundi Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This report on climate change disclosure in G20 countries takes stock of mandatory climate change reporting schemes in G20 countries and identifies commonalities and divergences between the various schemes.

Everybody is interested in the impacts of what companies are doing and the environmental practices and impacts of doing business are coming under increasing scrutiny. OECD Secretary-General Angel Gurría looks at how both governments and investors are ready to scale up climate disclosure and the use of climate information.

Integrating measures to tackle climate change into regular economic policy will have a positive impact on economic growth over the medium and long term, according to a new OECD report prepared in the context of the German Presidency of the G20.

Housing Index in China decreased to 7.10 percent in November from 7.80 percent in October of 2019. Housing Index in China averaged 4.65 percent from 2011 until 2019, reaching an all time high of 12.60 percent in November of 2016 and a record low of -6.10 percent in March of 2015. In China, Housing Index is measured by year over year change in house prices in 70 medium and large cities. This page provides the latest reported value for - China Newly Built House Prices YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Housing Index in the United States increased to 0.70 percent in February from 0.50 percent in January of 2020. Housing Index in the United States averaged 0.30 percent from 1991 until 2020, reaching an all time high of 1.20 percent in January of 2000 and a record low of -1.80 percent in November of 2008. The FHFA (Federal Housing Finance Agency) House Price Index measures month over month changes in average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac. This page provides the latest reported value for - United States House Price Index MoM Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

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.

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.

29 October 2015, Paris - Resilient cities and SMEs are critical to reducing the economic disruption from climate-related disaster events. In the run up to COP21, these remarks by Adrian Blundell-Wignall at the AXA-UNEP-PSI Conference on Climate Resilience address the importance of building resilience to climate change risks at the level of cities and SMEs.

This event explored the potential contribution of the (re)insurance sector to climate change mitigation and adaptation, including: the role of the insurance sector in a climate change agreement; managing the financial risks of extreme events in a changing climate; investing in the transition to a low-carbon economy; and the role of regulators in addressing climate change risks.

This OECD-UNEP COP21 session will explore whether the governance of institutional investments, including in particular any applicable fiduciary standards, adequately considers climate change-related risks and green finance opportunities, and whether guidelines may be needed in this area to support investment decision-making.

This article addresses the potential implications of climate change for the financial management of disaster risks. It outlines the contribution of insurance to reducing the economic disruption of disaster events and policy approaches to supporting the penetration of disaster insurance coverage and the capacity of insurance markets to absorb disaster risks.

Monthly monetary and financial statistics contains financial statistics on five separate subjects: monetary aggregates, interest rates, exchange rates, reserve assets, and share prices.

The stocks of goods held by firms in Nepal increased by 377968 NPR Million in 2018. Changes In Inventories in Nepal averaged 104909.16 NPR Million from 2000 until 2018, reaching an all time high of 377968 NPR Million in 2018 and a record low of -54 NPR Million in 2001. This page provides - Nepal Changes In Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Denmark’s green growth strategy focuses on moving the energy system away from fossil fuels and investing in green technologies, while limiting greenhouse gas (GHG) emissions.

Germany reduced greenhouse gas emissions substantially but remains an important emitter. Ambitious targets for climate change mitigation have been fixed and a broad range of environmental measures are being implemented.

This report focuses on the effects of climate change impacts on economic growth. The analysis finds that the effect of climate change impacts on annual global GDP is projected to increase over time, leading to a global GDP loss of 0.7% to 2.5% by 2060 for the most likely equilibrium climate sensitivity range.

This report focuses on the effects of climate change impacts on economic growth. The analysis finds that the effect of climate change impacts on annual global GDP is projected to increase over time, leading to a global GDP loss of 0.7% to 2.5% by 2060 for the most likely equilibrium climate sensitivity range.

Turkey’s business sector dynamism has underpinned broad-based and inclusive growth in the 2000s. However, the business sector is highly segmented, with a relatively small core of modern high-productivity corporations, and myriad small, less formal and low-productivity entities.

Recent episodes of large exchange rate movements, such as for Japan or the United Kingdom, have typically not been associated with large changes in trade balances and despite the polarisation of international investment positions large currency fluctuations during the global crisis of 2008-09 did not cause significant financial dislocations.

Integrating measures to tackle climate change into regular economic policy will have a positive impact on economic growth over the medium and long term, according to a new OECD report prepared in the context of the German Presidency of the G20.

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.

Strong crop yields, higher productivity and slower growth in global demand should contribute to a gradual decline in real prices for agricultural products over the coming decade, but nonetheless, prices will likely remain at levels above those in the early-2000s, according to the latest Agricultural Outlook report produced by the OECD and FAO.

Muscat, Oman - 2 December 2013 - This meeting was organised in the format of a high level regional roundtable, where heads and other representatives of regional exchanges were invited to participate, alongside regulators and relevant international and regional institutions.

This report explores the efforts of MENA stock exchanges to restructure their ownership through regional comparisons and case studies, situating this process within the global transformation of the stock exchange industry over the past two decades.

This report on climate change disclosure in G20 countries takes stock of mandatory climate change reporting schemes in G20 countries and identifies commonalities and divergences between the various schemes.

Corporate climate change disclosure is crucial for providing decision-makers with information that will enable them to integrate climate considerations into their analyses. This side event to the 21st session of the Conference of the Parties will focus on ways to strengthen corporate climate disclosure frameworks, and to scale up the use of corporate climate change-related information.

This report reviews structural changes in the stock exchange industry and provides data on M&A changes in the aggregate revenue structure of major stock exchanges. It describes the fragmentation of the stock market resulting from an increase in stock exchange-like trading venues, such as alternative trading systems (ATSs) and multilateral trading facilities (MTFs), and a split between dark (non-displayed) and lit (displayed) trading.

This report presents the results of an OECD survey aimed at outlining the key roles of stock exchanges in promoting sound corporate governance in Asia. It focuses on standard-Setting, supervision and enforcement of disclosure obligations and corporate governance rules.

Climate change affects lives and livelihoods everywhere. We can and must act now to tackle climate change and make a better world for our children. We have the knowledge, the tools and the financial resources. Now our countries must deliver on commitments. Here are 25 climate actions to get us on track by 2025.

The stocks of goods held by firms in Algeria increased by 1341400 DZD Million in 2018. Changes in Inventories in Algeria averaged 686003.41 DZD Million from 1995 until 2018, reaching an all time high of 1532737.40 DZD Million in 2013 and a record low of 5194.30 DZD Million in 1996. In Algeria, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Algeria Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Algeria decreased to 62000 USD Million in the third quarter of 2019 from 72600 USD Million in the first quarter of 2019. Foreign Exchange Reserves in Algeria averaged 134125 USD Million from 2013 until 2019, reaching an all time high of 194961 USD Million in the first quarter of 2014 and a record low of 62000 USD Million in the third quarter of 2019. This page provides - Algeria Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Change in Portugal increased to 28199 in March from -4996 in February of 2020. Unemployment Change in Portugal averaged -285.64 from 2003 until 2020, reaching an all time high of 35638 in January of 2010 and a record low of -31613 in May of 2014. In Portugal, unemployment change measures the change in the number of registered unemployed compared to the previous month. This page provides - Portugal Unemployment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Change in Germany increased to 373 Thousand in April from 1 Thousand in March of 2020. Unemployment Change in Germany averaged -0.40 Thousand from 1992 until 2020, reaching an all time high of 373 Thousand in April of 2020 and a record low of -96 Thousand in May of 2006. In German, unemployment change measures the absolut change in the number of unemployed people in the reporting month. This page provides the latest reported value for - Germany Unemployment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Unemployment Change in Ireland decreased to 9532 Persons in April from 22593 Persons in March of 2020. Unemployment Change in Ireland averaged 258.38 Persons from 1967 until 2020, reaching an all time high of 36254 Persons in January of 2009 and a record low of -32270 Persons in September of 2011. This page provides - Ireland Unemployment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Maldives increased to 11580.70 MVR Million in December from 9300.10 MVR Million in November of 2019. Foreign Exchange Reserves in Maldives averaged 7652.29 MVR Million from 2010 until 2019, reaching an all time high of 14445.10 MVR Million in February of 2019 and a record low of 3402.28 MVR Million in October of 2010. This page provides - Maldives Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment in Brazil decreased by 3.60 in February of 2016. Employment Change in Brazil averaged 1.84 percent from 2003 until 2016, reaching an all time high of 5.99 percent in March of 2003 and a record low of -3.62 percent in November of 2015. This page provides the latest reported value for - Brazil Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Employment In the Euro Area increased by 0.30 in December of 2019. Employment Change in the Euro Area averaged 0.21 percent from 1995 until 2019, reaching an all time high of 0.70 percent in the first quarter of 2000 and a record low of -0.80 percent in the first quarter of 2009. in the Euro Area, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides the latest reported value for - Euro Area Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Employment in France increased by 0.20 in December of 2019. Employment Change in France averaged 0.14 percent from 1975 until 2019, reaching an all time high of 0.70 percent in the second quarter of 1999 and a record low of -0.50 percent in the first quarter of 2009. In France, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - France Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment in Greece increased by 0.20 in December of 2019. Employment Change in Greece averaged 0.04 percent from 1995 until 2019, reaching an all time high of 3.50 percent in the first quarter of 1998 and a record low of -2.80 percent in the second quarter of 2012. In Greece, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - Greece Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment in Switzerland increased by 0.30 in December of 2019. Employment Change in Switzerland averaged 0.26 percent from 1995 until 2019, reaching an all time high of 1.20 percent in the second quarter of 2014 and a record low of -0.60 percent in the fourth quarter of 2012. This page provides - Switzerland Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment in Portugal decreased by 0 in December of 2019. Employment Change in Portugal averaged 0.10 percent from 1995 until 2019, reaching an all time high of 1.30 percent in the third quarter of 2014 and a record low of -3 percent in the fourth quarter of 2012. In Portugal, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - Portugal Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.