Page 48 - Oecd News Today

Koreas debt-to-gross domestic product (GDP) ratio is projected to approach 58 percent by 2028, placing it as the second-highest among non-reserve currency nations. The increase is also the most rapid, underscoring the urgent need for the government to enhance fiscal stability.

Alcohol causes 1,500 deaths a year in Ireland. This amounts to four deaths a day or around 30 a week, and accounts for 5pc of all deaths.

The OECD has introduced a new multilateral convention to address base erosion and profit shifting, aiming to ensure that multinational corporations (MNCs) pay their fair share of taxes in the countries where they operate. This convention is part of the Two-Pillar Solution proposed by the OECD to tackle tax challenges brought about by digitalization and globalization.

Stolen Australian Government tax policy information was shared between two top-level groups of PwC’s controversial “Transfer Pricing” tax division.

The OECD has published a draft agreement aimed at addressing the issue of multinational companies shifting profits to low-tax countries. The agreement, which is not yet open for signature, aims to ensure that large multinationals pay taxes on profits in the countries where their clients are based.

The release of the text puts pressure on the United States in particular, where a two-thirds majority in the deeply divided Senate is needed to ratify treaties. The document is the first pillar of a two pillar overhaul of rules for the cross-border taxation of multinational companies, which was agreed in 2021 by nearly 140 countries but whose implementation is proving slow and complicated.

Given significance of food and energy in consumer price indices, there is reason to worry, says Clare Lombardelli Restrictive monetary policy needs to continue until there are clear signs that inflationary pressures have ‘durably abated’ Global inflation projected to moderate gradually over...

Indias Finance Minister, Nirmala Sitharaman, expressed Indias interest in collaborating with the International Monetary Fund (IMF) to support developing countries in mobilizing domestic resources. This aligns with the G20 New Delhi Leaders Declaration, which called for enhanced domestic resource mobilization in emerging markets and developing economies.

Finance Minister Sri Mulyani Indrawati explains Indonesias commitment to becoming a full member of the OECD.

Instead of using information shared by Swiss authorities to go after the holders of legitimate accounts, the government should use it to establish audit trails and and track down tax evaders