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OECD releases consultation document on misuse of residence by investment schemes to circumvent the Common Reporting Standard

Public input is sought both to obtain further evidence on the misuse of CBI/RBI schemes and on effective ways for preventing abuse.




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Egypt and OECD launch EU-funded programme to enhance domestic resource mobilisation

During a meeting on International Tax Reform, the Ministry of Finance and the OECD launched a programme on "Enhancing Domestic Resource Mobilisation in Egypt through a better tax and exchange of information system". The project, financed by the EU, provides EUR 1.2 million in funding over two and a half years, and will assist Egypt in the implementation of the new international standards to tackle tax avoidance and tax evasion.




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Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution

More than 110 countries and jurisdictions have agreed to review two key concepts of the international tax system, responding to a mandate from the G20 Finance Ministers to work on the implications of digitalisation for taxation.




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Public comments received on misuse of residence by investment schemes to circumvent the Common Reporting Standard

The consultation document assessed how these schemes are used in an attempt to circumvent the CRS; identified the types of schemes that present a high risk of abuse; reminded stakeholders of the importance of correctly applying relevant CRS due diligence procedures in order to help prevent such abuse; and explained next steps the OECD will undertake to further address the issue, assisted by public input.




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Peru signs landmark agreement to strengthen tax treaties and moves forward in international tax co-operation

Peru today signed a landmark treaty to improve the international tax system. The signing of the BEPS Multilateral Convention came during the fifth plenary meeting of the Inclusive Framework on BEPS held in the Lima on 27-28 June 2018.




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Antigua and Barbuda becomes the 125th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidance

Antigua and Barbuda today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. It is the 125th jurisdiction to join the Convention.




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Platform for Collaboration on Tax to discuss domestic resource mobilisation challenges on 9 October

The four partner organisations to the Platform for Collaboration on Tax (PCT) will discuss critical challenges and opportunities for mobilising domestic resources to meet countries’ development priorities, at the upcoming IMF-World Bank annual meetings in Bali, Indonesia.




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OECD and CIAT join forces in promoting stronger tax systems

The OECD and the Inter-American Center of Tax Administrations (CIAT) hosted today the high-level event "Base Erosion and Profit Shifting Implementation: Strategic importance, challenges and opportunities" in Lisbon, Portugal.




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African economies sustain progress in domestic resource mobilisation

Africa has sustained gains in domestic resource mobilisation made since 2000, as tax revenues remained stable in 2016, according to Revenue Statistics in Africa 2018. Providing internationally comparable data for 21 participating countries, the report finds that the average tax-to-GDP ratio was 18.2% in 2016, the same level as in 2015, which represents a strong improvement from 13.1% in 2000.




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OECD releases latest results on preferential regimes and moves to strengthen the level playing field with zero tax jurisdictions

International efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide, according to new data released today by the OECD.




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Belize signs landmark agreement to strengthen its tax treaties and Monaco deposits its instrument of ratification for the Multilateral BEPS Convention

Belize has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS, becoming the 86th jurisdiction to join the Convention, which now covers almost 1500 bilateral tax treaties. Yesterday, Monaco deposited its instrument of ratification for the Convention with the OECD’s Secretary-General.




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The Role of Tax Morale in Development

The Task Force on Tax and Development organised this conference on the role of tax morale in development which introduced new research undertaken by the OECD on the drivers of tax morale in developing countries.




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Raising more public revenue in Indonesia in a growth- and equity-friendly way

Indonesia’s government needs more revenue to fund spending that can boost GDP growth, raise well-being and reduce poverty.




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Cameroon and Morocco launch new South-South co-operation programme under the Tax Inspectors Without Borders initiative

On 5 March, Morocco and Cameroon launched a new TIWB South-South bilateral programme in Yaoundé. The programme, a first between two Francophone African countries, will see Moroccan tax audit experts providing support to Cameroon.




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Tax Morale and Integrity in Developing Countries

As part of OECD Integrity Week 2019 (18-22 March), this event will bring together international experts to discuss these issues of integrity, transparency and trust in the tax system, and the research, tools and approaches needed to identify and implement policies to increase tax morale.




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New Beneficial Ownership Toolkit will help tax administrations tackle tax evasion more effectively

This report “A Beneficial Ownership Implementation Toolkit” – contains policy considerations that Global Forum member jurisdictions can use in implementing the legal and supervisory frameworks to identify and collect beneficial ownership information, which is now a requirement of the international tax transparency standards.




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OECD invites public comments on draft report on tax morale

As part of the ongoing work on tax morale, the OECD is seeking public comments on itis forthcoming publication What is driving tax morale? An empirical analysis on social preferences and attitudes towards taxation.




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Public comments received on draft report on tax morale

On 10 April 2019, interested parties were invited to provide comments on its forthcoming publication "What is driving tax morale? An empirical analysis on social preferences and attitudes towards taxation". The OECD is grateful to the commentators for their input and now publishes the public comments received.




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OECD launches new handbook to strengthen tax administrations' capacity to support the fight against money laundering and terrorist financing

The OECD is encouraging tax administrations around the globe to step up their efforts to support the fight against money laundering and terrorist financing with the launch of a handbook intended to raise the awareness of tax examiners, auditors, and investigators of the important role they can play in combatting these crimes.




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OECD strengthens co-operation with Morocco – Renews Morocco Country Programme Agreement

The OECD and the Government of the Kingdom of Morocco signed today a Memorandum of Understanding to renew the Country Programme, for a period of three years, to support Morocco’s reform agenda.




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Morocco signs landmark agreement to strengthen its tax treaties

Today, Morocco signed the BEPS MLI, becoming the 89th jurisdiction to join the Convention, which now covers almost 1,530 bilateral tax treaties. Mr. Mohamed Benchaaboun, Minister of Economy and Finance of Morocco signed the Convention in the presence of Angel Gurría, Secretary-General of the OECD.




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Global Forum on Tax Transparency assists Morocco to implement Exchange of Information on Request

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.




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OECD releases first stage 2 monitoring reports for BEPS Action 14 on improving tax dispute resolution mechanisms

The work on BEPS Action 14 continues with today’s publication of the first round of stage 2 peer review monitoring reports, which consists of monitoring the follow-up of any recommendations resulting from jurisdictions' stage 1 peer review reports.




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Boosting tax morale – so people and businesses pay tax

Tax Morale: What Drives People and Businesses to Pay Tax? assesses the various drivers behind voluntary compliance with tax obligations, particularly in developing countries where issues of governance are more acute.




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Montenegro joins international efforts against tax evasion and avoidance

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.




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Africa: Urgent action needed to mobilise domestic resources as tax revenues plateau

The average tax-to-GDP ratio for the 26 countries participating in the new edition of Revenue Statistics in Africa was unchanged at 17.2% for the third consecutive year in 2017. This was lower than the averages for Latin America and the Caribbean (LAC) at 22.8% and for the OECD at 34.2%, underlining the need for urgent action to enhance domestic revenue mobilisation in Africa.




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Benin, Bosnia and Herzegovina, Cabo Verde, Mongolia and Oman join the most powerful multilateral instrument against offshore tax evasion and avoidance

On the occasion of the 10th Plenary Meeting of the Global Forum a further five countries signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, therewith bringing the total number of participating in the Convention to 135.




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OECD and IOTA join forces in promoting stronger tax systems

The Organisation for Economic Co-operation and Development (OECD) and the Intra-European Organisation of Tax Administrations (IOTA) signed the renewal of a Memorandum of Understanding (MOU) for Co-operation between both Parties.




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OECD seeks input on draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy

As part of the ongoing work of the Committee on Fiscal Affairs, the OECD is seeking public comments on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy.




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BEPS Action 14: OECD releases stage 1 peer review reports on dispute resolution for Brunei Darussalam, Curaçao, Guernsey, Isle of Man, Jersey, Monaco, San Marino and Serbia

The work on BEPS Action 14 continues with today's publication of the eighth round of stage 1 peer review reports. Each report assesses a country's efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project.




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Despite recent reforms, Seychelles needs a fairer and more sustainable tax system says OECD

OECD Tax Policy Reviews: Seychelles 2020 provides an in-depth and comparative assessment of Seychelles’ tax system, and identifies a number of recommendations for tax reform. This publication, which is part of the OECD Tax Policy Reviews series, focused primarily on the examination of the business tax.




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Platform for Collaboration on Tax: International organisations move to help developing countries improve tax systems

The world's four leading multilateral organisations working in the tax area have established their first integrated website containing information on how low- and middle-income countries can strengthen tax systems and mobilise the domestic revenue they need to address some of their urgent development challenges—including the COVID-19 pandemic.




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Public comments received on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy

On 19 February 2020, interested parties were invited to provide comments on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy. The OECD is grateful to the commentators for their input and now publishes the public comments received




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The COVID-19 crisis creates an opportunity to step up digitalisation among subnational governments

Recent decades have seen rapid growth of advanced digital technologies, including high-speed computing, big data, artificial intelligence, the internet-of-things and blockchain. This “digital revolution” creates significant opportunities for all levels of government to improve the delivery of public goods and services, and to raise more and better revenue.




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Canada Exports Motor Vehicle Engines And Motor Vehicle Parts

Exports (Bop) - Motor Vehicle Engines And Motor Vehicle Parts in Canada decreased to 1346.60 CAD Million in March from 1897.40 CAD Million in February of 2020. Exports (Bop) - Motor Vehicle Engines And Motor Ve in Canada averaged 1566.72 CAD Million from 1988 until 2020, reaching an all time high of 2450.40 CAD Million in June of 2000 and a record low of 651.40 CAD Million in March of 1991. This page includes a chart with historical data for Canada Exports of (bop) - Motor Vehicle Engines And Moto.




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Canada Exports Medium&Heavy Trucks, Buses&Other Motor Vehicles

Exports (Bop) - Medium&Heavy Trucks, Buses&Other Motor Vehicles in Canada decreased to 497.40 CAD Million in March from 544.70 CAD Million in February of 2020. Exports (Bop) - Medium&Heavy Trucks, Buses&Other M in Canada averaged 341.06 CAD Million from 1988 until 2020, reaching an all time high of 776.40 CAD Million in May of 1999 and a record low of 105.70 CAD Million in August of 1992. This page includes a chart with historical data for Canada Exports of (bop) - Medium&heavy Trucks, Buses&oth.




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Canada Imports Tires, Motor Vehicle Engines&Motor Vehicle Parts

Imports (Bop) - Tires, Motor Vehicle Engines&Motor Vehicle Parts in Canada decreased to 3083.40 CAD Million in March from 3915.10 CAD Million in February of 2020. Imports (Bop) - Tires, Motor Vehicle Engines&Motor in Canada averaged 3016.18 CAD Million from 1988 until 2020, reaching an all time high of 4745.60 CAD Million in May of 2017 and a record low of 1125.60 CAD Million in January of 1990. This page includes a chart with historical data for Canada Imports of (bop) - Tires, Motor Vehicle Engines&m.




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Canada Imports Ships, Locomotives, Railway Rolling Stock

Imports (Bop) - Ships, Locomotives, Railway Rolling Stock in Canada decreased to 117.90 CAD Million in March from 184.70 CAD Million in February of 2020. Imports (Bop) - Ships, Locomotives, Railway Rollin in Canada averaged 66.09 CAD Million from 1988 until 2020, reaching an all time high of 648.50 CAD Million in August of 2018 and a record low of 0.40 CAD Million in November of 1992. This page includes a chart with historical data for Canada Imports of (bop) - Ships, Locomotives, Railway Ro.




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Canada Imports of Motor Vehicles and Parts

Imports of (bop) - Motor Vehicles and Parts in Canada decreased to 8044 CAD Million in March from 9229.40 CAD Million in February of 2020. Imports of (bop) - Motor Vehicles and Parts in Canada averaged 5955.81 CAD Million from 1988 until 2020, reaching an all time high of 10341.90 CAD Million in March of 2018 and a record low of 2205.80 CAD Million in February of 1991. This page includes a chart with historical data for Canada Imports of (bop) - Motor Vehicles And Parts.




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Canada Imports Motor Vehicle Engines And Motor Vehicle Parts

Imports (Bop) - Motor Vehicle Engines And Motor Vehicle Parts in Canada decreased to 2750.50 CAD Million in March from 3589 CAD Million in February of 2020. Imports (Bop) - Motor Vehicle Engines And Motor Ve in Canada averaged 2812.70 CAD Million from 1988 until 2020, reaching an all time high of 4395.60 CAD Million in May of 2017 and a record low of 1053 CAD Million in January of 1990. This page includes a chart with historical data for Canada Imports of (bop) - Motor Vehicle Engines And Moto.




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Gambia Inflation Rate MoM

The Consumer Price Index in Gambia increased 0.63 percent in December of 2019 over the previous month. Inflation Rate Mom in Gambia averaged 0.53 percent from 2011 until 2019, reaching an all time high of 1.29 percent in April of 2019 and a record low of 0.14 percent in April of 2012. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Gambia Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Burundi Money Supply M1

Money Supply M1 in Burundi increased to 1382397 BIF Million in June from 1339556.70 BIF Million in May of 2019. Money Supply M1 in Burundi averaged 617768.37 BIF Million from 2008 until 2019, reaching an all time high of 1382397 BIF Million in June of 2019 and a record low of 236399.10 BIF Million in January of 2008. This page provides - Burundi Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Burundi Money Supply M2

Money Supply M2 in Burundi increased to 1888807.10 BIF Million in October from 1888444.60 BIF Million in September of 2019. Money Supply M2 in Burundi averaged 886283.16 BIF Million from 2008 until 2019, reaching an all time high of 1894761.57 BIF Million in August of 2019 and a record low of 322362.60 BIF Million in January of 2008. This page provides the latest reported value for - Burundi Money Supply M2 - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Burundi Inflation Rate MoM

The Consumer Price Index in Burundi increased 1.10 percent in January of 2020 over the previous month. Inflation Rate Mom in Burundi averaged 0.45 percent from 2012 until 2020, reaching an all time high of 6.80 percent in February of 2017 and a record low of -2.60 percent in June of 2019. This page provides - Burundi Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Credit crunch squeezing entrepreneurs and small businesses more than big firms

Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.




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OECD and National Human Rights Institutions join forces to promote respect of human rights by multinational companies

07/11/12 - the OECD and the International Coordinating Committee of National Human Rights Institutions concluded a Memorandum of Understanding to promote respect by multinational enterprises of the new human rights chapter of the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles for Business and Human Rights upon which the OECD Guidelines are based.




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Denmark must investigate foreign bribery more proactively

Denmark’s enforcement of its foreign bribery laws has been weak. Only 13 foreign bribery allegations have surfaced, and sanctions have been imposed in just one case that falls under the Convention. Law enforcement authorities have not been sufficiently proactive, and cases have been prematurely closed without complete investigations. Denmark must take more investigative steps and make greater efforts to gather evidence from abroad.




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Specialised Anti-Corruption Institutions - Review of Models

This report provides a comparative overview of common standards and key features of specialised anti-corruption institutions and comprehensive descriptions of 19 anti-corruption institutions operating in different parts of the world, presented in a comparable framework.




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Myanmar pledges further investment climate reforms; welcomes OECD efforts to promote responsible investment

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.




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Azerbaijan should be more proactive against corruption

Azerbaijan must do more to enforce recently introduced anti-corruption laws and to ensure law enforcement has the resources to prosecute complex corruption crimes, says a new OECD report.