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.

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").

This paper presents data on carryover provisions in 34 countries and compares their effects on the basis of two comparable indices. Empirical results show that in most countries corporate tax is not perfectly symmetric, suggesting the existence of tax-induced distortions towards less risky investments.

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.

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.

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.

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 future of public health: policy decisions today for tomorrow’s populations. Our health, our economy, our society, our future: a Brave New World. Remarks by Yves Leterme, Deputy Secretary-General, OECD. Brussels, Belgium, September 4th 2013.

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.

This paper aims at identifying which countries and regions in the world might face structural overcapacities or capacity shortfalls in the automobile industry in the near future.

The car industry has taken a dent since the recession started to bite in 2008, but even before then, new patterns were emerging that would reshape the sector for a long time to come.

Las perspectivas de crecimiento favorable ofrecen a Chile una oportunidad para abordar sus bajos niveles de productividad comparados con los de otras economías desarrolladas, mejorar el acceso al empleo de calidad, y tomar medidas para reducir su desigualdad persistentemente alta, según un nuevo informe de la OCDE.

As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Brazil, Guernsey, Jersey, the Isle of Man and Latvia signed today the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country reports, bringing the total number of signatories to 49.

GDP From Services in Peru increased to 15557 PEN Million in the fourth quarter of 2019 from 14535 PEN Million in the third quarter of 2019. GDP From Services in Peru averaged 11663.48 PEN Million from 2007 until 2019, reaching an all time high of 15557 PEN Million in the fourth quarter of 2019 and a record low of 7351 PEN Million in the first quarter of 2007. This page provides - Peru Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports of Personal Automobiles in Switzerland decreased to 811.46 CHF Million in March from 916.92 CHF Million in February of 2020. Imports of Personal Automobiles in Switzerland averaged 857.47 CHF Million from 2014 until 2020, reaching an all time high of 1083.80 CHF Million in March of 2019 and a record low of 533.27 CHF Million in August of 2014. This page includes a chart with historical data for Switzerland Imports of Personal Automobiles.

IP Addresses in Sao Tome and Principe decreased to 2079 IP in the first quarter of 2017 from 2873 IP in the fourth quarter of 2016. IP Addresses in Sao Tome and Principe averaged 1822.74 IP from 2007 until 2017, reaching an all time high of 6035 IP in the third quarter of 2015 and a record low of 285 IP in the fourth quarter of 2007. This page includes a chart with historical data for Sao Tome and PrincipeIP Addresses.

Temperature in Sao Tome and Principe decreased to 25.06 celsius in August from 25.09 celsius in July of 2013. Temperature in Sao Tome and Principe averaged 25.79 celsius from 1856 until 2013, reaching an all time high of 28.43 celsius in February of 1998 and a record low of 22.64 celsius in July of 1887. This page includes a chart with historical data for Sao Tome and Principe Temperature.

Sao Tome and Principe recorded a Current Account deficit of 62.67 USD Million in 2018. Current Account in Sao Tome and Principe averaged -34.71 USD Million from 1974 until 2018, reaching an all time high of 8.70 USD Million in 1979 and a record low of -103.94 USD Million in 2014. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Sao Tome and Principe Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Sao Tome and Principe was last recorded at 3033.40 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Sao Tome and Principe, when adjusted by Purchasing Power Parity is equivalent to 17 percent of the world's average. GDP per capita PPP in Sao Tome and Principe averaged 2484.25 USD from 2000 until 2018, reaching an all time high of 3033.40 USD in 2018 and a record low of 1973.90 USD in 2001. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Sao Tome and Principe GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Sao Tome and Principe increased to 3.36 percent in the second quarter of 2019 from 3.28 percent in the first quarter of 2019. Deposit Interest Rate in Sao Tome and Principe averaged 12.96 percent from 1989 until 2019, reaching an all time high of 38.29 percent in the fourth quarter of 1998 and a record low of 3.28 percent in the first quarter of 2019. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Sao Tome and Principe.

Sao Tome and Principe is ranked 170 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Sao Tome and Principe remained unchanged at 170 in 2019 from 170 in 2018. Ease of Doing Business in Sao Tome and Principe averaged 168.83 from 2008 until 2019, reaching an all time high of 180 in 2009 and a record low of 160 in 2015. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Sao Tome and Principe.

The Gross Domestic Product per capita in Sao Tome and Principe was last recorded at 1297.40 US dollars in 2018. The GDP per Capita in Sao Tome and Principe is equivalent to 10 percent of the world's average. GDP per capita in Sao Tome and Principe averaged 1062.49 USD from 2000 until 2018, reaching an all time high of 1297.40 USD in 2018 and a record low of 844.20 USD in 2001. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Sao Tome and Principe GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Sao Tome and Principe recorded a Current Account deficit of 24.70 percent of the country's Gross Domestic Product in 2015. Current Account to GDP in Sao Tome and Principe averaged -30.50 percent from 2001 until 2015, reaching an all time high of -14.10 percent in 2003 and a record low of -43 percent in 2011. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Sao Tome and Principe Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Sao Tome and Principe scored 46 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Sao Tome and Principe averaged 38 Points from 2007 until 2019, reaching an all time high of 46 Points in 2016 and a record low of 27 Points in 2008. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Sao Tome and Principe Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Sao Tome and Principe is the 64 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Sao Tome and Principe averaged 83.92 from 2007 until 2019, reaching an all time high of 121 in 2008 and a record low of 62 in 2016. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Sao Tome and Principe Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Sao Tome and Principe recorded a trade deficit of 27.20 USD Million in the fourth quarter of 2019. Balance of Trade in Sao Tome and Principe averaged -20.77 USD Million from 1999 until 2019, reaching an all time high of -1.55 USD Million in the second quarter of 1999 and a record low of -40.65 USD Million in the third quarter of 2014. Sao Tome and Principe runs systemic trade deficits due its dependency on imports of food (22 percent of total imports), capital equipment (21 percent) and fuel (15 percent). The main export is cocoa (79 percent of total exports). Others include: pepper, coconut and chocolate. Main trading partner is Portugal (53.6 of total imports and 5.7 percent of total exports), followed by France, Spain and Netherlands. This page provides - Sao Tome and Principe Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Sao Tome and Principe increased to 4.47 USD Million in the fourth quarter of 2019 from 1.06 USD Million in the third quarter of 2019. Exports in Sao Tome and Principe averaged 1.55 USD Million from 1999 until 2019, reaching an all time high of 6.43 USD Million in the fourth quarter of 2018 and a record low of 0.10 USD Million in the third quarter of 1999. Sao Tome and Principe’s economy is dependent on exports of cocoa (79 percent of total exports). Others include: pepper, coconut and chocolate. Sao Tome and Principe main export partners are Netherlands (30 percent of total exports), Spain (16 percent), France (16 percent) and Belgium (14 percent). Others include: Portugal, Angola and United States. This page provides - Sao Tome and Principe Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Sao Tome and Principe increased to 31.65 USD Million in the fourth quarter of 2019 from 27.48 USD Million in the third quarter of 2019. Imports in Sao Tome and Principe averaged 22.31 USD Million from 1999 until 2019, reaching an all time high of 42.28 USD Million in the third quarter of 2014 and a record low of 3.23 USD Million in the second quarter of 1999. Sao Tome and Principe main imports are: food (22 percent of total imports), capital equipment (21 percent) and fuel (15 percent). Others include: construction materials and beverages. Main import partner is Portugal (54 percent of total imports). Others include: Angola (22 percent), China (5 percent) and Nigeria (2 percent). This page provides - Sao Tome and Principe Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Sao Tome And Principe increased to 1907 STD Million in December from 1773 STD Million in November of 2019. Money Supply M1 in Sao Tome And Principe averaged 696.08 STD Million from 2001 until 2019, reaching an all time high of 1917 STD Million in May of 2019 and a record low of 77 STD Million in January of 2002. This page provides - Sao Tome And Principe Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Sao Tome And Principe increased to 2337 STD Million in December from 2291 STD Million in November of 2019. Money Supply M2 in Sao Tome And Principe averaged 885.11 STD Million from 2001 until 2019, reaching an all time high of 2419 STD Million in May of 2019 and a record low of 89 STD Million in January of 2002. This page provides - Sao Tome And Principe Money Supply M2- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M3 in Sao Tome And Principe increased to 3042 STD Million in December from 2983 STD Million in November of 2019. Money Supply M3 in Sao Tome And Principe averaged 1445.53 STD Million from 2001 until 2019, reaching an all time high of 3170 STD Million in May of 2019 and a record low of 148 STD Million in January of 2002. This page provides - Sao Tome And Principe Money Supply M3- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Sao Tome and Principe increased to 13.40 percent in 2019 from 13.30 percent in 2018. Unemployment Rate in Sao Tome and Principe averaged 14.68 percent from 1991 until 2019, reaching an all time high of 17.60 percent in 2002 and a record low of 13.10 percent in 2017. In Sao Tome and Principe, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Sao Tome and Principe Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Sao Tome and Principe was estimated at 0.2 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Sao Tome and Principe had a population of 0.1 million people. The population of Sao Tome and Principe represents less than 0.01 percent of the world´s total population which arguably means that one person in every 41152 people on the planet is a resident of Sao Tome and Principe. This page provides - Sao Tome and Principe Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Sao Tome and Principe was worth 0.42 billion US dollars in 2018, according to official data from the World Bank and projections from Trading Economics. The GDP value of Sao Tome and Principe represents 0 percent of the world economy. GDP in Sao Tome and Principe averaged 0.16 USD Billion from 1980 until 2018, reaching an all time high of 0.42 USD Billion in 2018 and a record low of 0.07 USD Billion in 1980. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Sao Tome and Principe GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Sao Tome and Principe expanded 4 percent in 2019 from the previous year. GDP Annual Growth Rate in Sao Tome and Principe averaged 5.04 percent from 2002 until 2019, reaching an all time high of 12.60 percent in 2006 and a record low of 1.60 percent in 2005. Sao Tome and Principe is the least populated and one of the smallest countries in Africa. The country’s economy is dependent on agriculture and tourism. In recent years, the major source of revenue, cocoa production, has been decreasing due to regular droughts and mismanagement. As a result, Sao Tome and Principe has become increasingly dependent on foreign aid and vulnerable to fuel and food price fluctuations. To make things worse, a political crisis is a threat to social stability and may hamper foreign direct investment. On the positive side, recently found oil reserves in the Gulf of Guinea are expected to boost Sao Tome’s economy as soon as production begins. This page provides - Sao Tome and Principe GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Sao Tome And Principe increased 0.30 percent in February of 2020 over the previous month. Inflation Rate Mom in Sao Tome And Principe averaged 1.01 percent from 2005 until 2020, reaching an all time high of 5.10 percent in April of 2006 and a record low of -0.50 percent in August of 2017. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Sao Tome And Principe Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Sao Tome And Principe increased to 135.62 points in February from 135.17 points in January of 2020. Consumer Price Index Cpi in Sao Tome And Principe averaged 77.83 points from 2005 until 2020, reaching an all time high of 135.62 points in February of 2020 and a record low of 23.24 points in January of 2005. This page provides - Sao Tome And Principe Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M0 in Sao Tome And Principe increased to 1385 STD Million in December from 1202 STD Million in November of 2019. Money Supply M0 in Sao Tome And Principe averaged 708.85 STD Million from 2001 until 2019, reaching an all time high of 1719 STD Million in February of 2017 and a record low of 94 STD Million in January of 2002. This page provides - Sao Tome And Principe Money Supply M0- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Private Sector Credit in Sao Tome And Principe increased to 2164.77 STD Million in December from 2162.32 STD Million in November of 2019. Private Sector Credit in Sao Tome And Principe averaged 1174.37 STD Million from 2001 until 2019, reaching an all time high of 2164.77 STD Million in December of 2019 and a record low of 29.26 STD Million in December of 2001. This page provides - Sao Tome And Principe Private Sector Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Sao Tome And Principe decreased to 130.82 STD Million in December from 134.97 STD Million in November of 2019. Foreign Exchange Reserves in Sao Tome And Principe averaged 155.44 STD Million from 2012 until 2019, reaching an all time high of 274.15 STD Million in August of 2015 and a record low of 70.68 STD Million in February of 2013. This page provides - Sao Tome And Principe Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Sao Tome and Principe recorded a Government Budget deficit equal to 1.90 percent of the country's Gross Domestic Product in 2019. Government Budget in Sao Tome and Principe averaged 2.21 percent of GDP from 2002 until 2019, reaching an all time high of 121.50 percent of GDP in 2007 and a record low of -17.30 percent of GDP in 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Sao Tome and Principe Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Sao Tome and Principe recorded a government debt equivalent to 73.10 percent of the country's Gross Domestic Product in 2019. Government Debt to GDP in Sao Tome and Principe averaged 122.45 percent from 2003 until 2019, reaching an all time high of 309.20 percent in 2003 and a record low of 33.30 percent in 2009. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Sao Tome and Principe Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Sao Tome and Principe thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Sao Tome and Principe as reported by major credit rating agencies.

The inflation rate in Sao Tome and Principe was recorded at 8.20 percent in March of 2020. Inflation Rate in Sao Tome and Principe averaged 14.65 percent from 1997 until 2020, reaching an all time high of 86.80 percent in February of 1998 and a record low of 3.50 percent in May of 2017. In Sao Tome and Principe, the three main components of the consumer price index are: Food and Non-Alcoholic Beverages (72.7 percent of total weight); Housing & Utilities (5.5 percent) and Transport (4.0 percent). Others include: Alcoholic Beverages and Tobacco (3.8 percent); Household Contents, Equipment and Maintenance (3.8 percent) and Clothing and Footwear (3.3 percent). Communications, Restaurants and Hotels, Miscellaneous Goods and Services, Recreation and Culture, Education and Health account for the remaining 6.9 percent of total weight. . This page provides - Sao Tome and Principe Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports of Automatic Data Proc. Eq. & Components in China increased to 4696200 USD THO in April from 4362100 USD THO in March of 2020. Imports of Automatic Data Proc. Eq. & Components in China averaged 1650802.16 USD THO from 1996 until 2020, reaching an all time high of 6685000 USD THO in February of 2020 and a record low of 16177 USD THO in May of 2014. This page includes a chart with historical data for China Imports of Automatic Data Proc. Eq. & Components.

The benchmark interest rate in Sao Tome and Principe was last recorded at 9 percent. Interest Rate in Sao Tome and Principe averaged 15.49 percent from 1998 until 2020, reaching an all time high of 29.50 percent in December of 1998 and a record low of 9 percent in June of 2017. In Sao Tome and Principe, interest rates decisions are taken by the Monetary Committee of the Bank of Sao Tome and Principe. The official rate is the reference rate. This page provides the latest reported value for - Sao Tome and Principe Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.