As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS (the Inclusive Framework), the OECD is seeking public comments on a Secretariat Proposal for a "Unified Approach" under Pillar One.

The work on BEPS Action 14 continues with today's publication of the sixth 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.

The OECD/G20 Inclusive Framework on BEPS has released additional interpretative guidance to give greater certainty to tax administrations and MNE Groups on the implementation and operation of Country-by-Country (CbC) Reporting (BEPS Action 13).

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD secretariat is seeking public comments on certain aspects of the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two.

On 9 October 2019, interested parties were invited to provide comments on a number of policy issues and technical aspects in respect to the Secretariat Proposal for a "Unified Approach" under Pillar One. The OECD is grateful to the commentators for their input and now publishes the public comments received.

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD is seeking public comments on a Secretariat Proposal for a “Unified Approach” under Pillar One. This public consultation meeting will focus on the key questions identified in the consultation document and issues raised in the written submissions received as part of the consultation process.

A signing ceremony between the Italian Revenue Agency (Agenzia delle Entrate) and the State Revenue Committee of Armenia took place at the OECD today, establishing work plans for two assistance programmes initiated through Tax Inspectors Without Borders (TIWB) – a joint OECD/UNDP capacity building initiative.

On 26-27 November, the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) in Paris will bring together more than 500 delegates from 131 member jurisdictions for renewed discussions on efforts to advance the tax transparency agenda.

On 8 November 2019, interested parties were invited to provide comments on certain aspects of the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two. The OECD is grateful to the commentators for their input and now publishes the public comments received.

Letter from OECD Secretary-General Angel Gurría for the attention of The Honorable Steven T. Mnuchin, Secretary of the Treasury, United States

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD Secretariat is seeking public comments on the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two. This public consultation meeting will focus on the key questions identified in the consultation document and issues raised in the written submissions received as part of the consultation process.

The Inclusive Framework on BEPS has released additional interpretative guidance to give greater certainty to tax administrations and MNE Groups on the implementation and operation of Country-by-Country Reporting (BEPS Action 13).

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.

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework), the OECD invites public comments on the Review of the BEPS Action 13 minimum standard.

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.

On 6 Feburary 2020, interested parties were invited to provide comments on the Review of the BEPS Action 13 minimum standard. The OECD is grateful to the commentators for their input and now publishes the public comments received.

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.

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.

As a result of COVID-19, public life has come to a sudden halt and consumer spending is plummeting. How will this crisis and the policy actions taken in response affect tax revenues? And what lessons can be learned from the previous global financial crisis?

Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the Covid-19 pandemic.

Exports (Bop) - Communications And Audio And Video Equipment in Canada decreased to 347.50 CAD Million in March from 371.20 CAD Million in February of 2020. Exports (Bop) - Communications And Audio And Video in Canada averaged 543.67 CAD Million from 1988 until 2020, reaching an all time high of 1812.70 CAD Million in May of 2000 and a record low of 110.20 CAD Million in April of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Communications And Audio And V.

Imports (Bop) - Unwrought Precious Metals&Precious Metal Alloys in Canada increased to 318 CAD Million in March from 296.60 CAD Million in February of 2020. Imports (Bop) - Unwrought Precious Metals&Precious in Canada averaged 284.46 CAD Million from 1988 until 2020, reaching an all time high of 1207.90 CAD Million in July of 2011 and a record low of 16 CAD Million in February of 1992. This page includes a chart with historical data for Canada Imports of (bop) - Unwrought Precious Metals&prec.

Imports (Bop) - Unwrought Nickel And Nickel Alloys in Canada decreased to 11 CAD Million in March from 12.30 CAD Million in February of 2020. Imports (Bop) - Unwrought Nickel And Nickel Alloys in Canada averaged 12.49 CAD Million from 1988 until 2020, reaching an all time high of 69.40 CAD Million in May of 2014 and a record low of 0.20 CAD Million in August of 2009. This page includes a chart with historical data for Canada Imports of (bop) - Unwrought Nickel And Nickel Al.

Imports (Bop) - Unwrought Copper And Copper Alloys in Canada increased to 37.70 CAD Million in March from 29.20 CAD Million in February of 2020. Imports (Bop) - Unwrought Copper And Copper Alloys in Canada averaged 34.78 CAD Million from 1988 until 2020, reaching an all time high of 204.20 CAD Million in May of 2008 and a record low of 1.50 CAD Million in July of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Unwrought Copper And Copper Al.

Imports - Coloring Agents & Photographic Chemicals (Census) in the United States increased to 1236.45 USD Million in March from 1180.53 USD Million in February of 2020. Imports - Coloring Agents & Photographic Chemicals in the United States averaged 632.30 USD Million from 1989 until 2020, reaching an all time high of 1260.98 USD Million in December of 2018 and a record low of 160.16 USD Million in March of 1989. This page includes a chart with historical data for the United States Imports of Coloring Agents & Photographic Chemica.

Imports - Coins, Gems, Jewelry & Collectibles (Census Basis) in the United States decreased to 1531.35 USD Million in March from 2278.46 USD Million in February of 2020. Imports - Coins, Gems, Jewelry & Collectibles (Cen in the United States averaged 1516.51 USD Million from 1989 until 2020, reaching an all time high of 2899.82 USD Million in August of 2019 and a record low of 507.66 USD Million in May of 1989. This page includes a chart with historical data for the United States Imports of Coins, Gems, Jewelry & Collectibles.

Imports of Coal Sitc in the United States increased to 65 USD Million in March from 50 USD Million in February of 2020. Imports of Coal Sitc in the United States averaged 121.02 USD Million from 1996 until 2020, reaching an all time high of 452 USD Million in June of 2008 and a record low of 40 USD Million in February of 1997. This page includes a chart with historical data for the United States Imports of Coal Sitc.

Imports - Coal & Other Fuels Except Gas (Census Basis) in the United States decreased to 144.06 USD Million in March from 149.31 USD Million in February of 2020. Imports - Coal & Other Fuels Except Gas (Census Ba in the United States averaged 140.99 USD Million from 1989 until 2020, reaching an all time high of 598.95 USD Million in August of 2008 and a record low of 18.71 USD Million in April of 1990. This page includes a chart with historical data for the United States Imports of Coal & Other Fuels Except Gas.

Imports of Clothing Sitc in the United States decreased to 5763 USD Million in March from 6539 USD Million in February of 2020. Imports of Clothing Sitc in the United States averaged 6250.45 USD Million from 1996 until 2020, reaching an all time high of 9770 USD Million in August of 2015 and a record low of 2688 USD Million in April of 1996. This page includes a chart with historical data for the United States Imports of Clothing Sitc.

Imports - Civilian Aircraft, Engines & Parts (Census Basis) in the United States decreased to 4585.50 USD Million in March from 4675.21 USD Million in February of 2020. Imports - Civilian Aircraft, Engines & Parts (Cens in the United States averaged 2490.72 USD Million from 1989 until 2020, reaching an all time high of 6159.71 USD Million in February of 2019 and a record low of 556.58 USD Million in January of 1989. This page includes a chart with historical data for the United States Imports of Civilian Aircraft, Engines & Parts.

Imports - Civilian Aircraft, Complete (Census Basis) in the United States increased to 1379.90 USD Million in March from 1060.41 USD Million in February of 2020. Imports - Civilian Aircraft, Complete (Census Basi in the United States averaged 811 USD Million from 1989 until 2020, reaching an all time high of 2242.09 USD Million in August of 2014 and a record low of 80.17 USD Million in August of 1994. This page includes a chart with historical data for the United States Imports of Civilian Aircraft, Complete.

Imports of Chemicals - Organic Sitc in the United States increased to 4432 USD Million in March from 4196 USD Million in February of 2020. Imports of Chemicals - Organic Sitc in the United States averaged 3273.76 USD Million from 1996 until 2020, reaching an all time high of 5407 USD Million in April of 2015 and a record low of 1061 USD Million in November of 1996. This page includes a chart with historical data for the United States Imports of Chemicals - Organic Sitc.

Imports of Chemicals - Medicinal Sitc in the United States increased to 14324 USD Million in March from 10830 USD Million in February of 2020. Imports of Chemicals - Medicinal Sitc in the United States averaged 4621.44 USD Million from 1996 until 2020, reaching an all time high of 14324 USD Million in March of 2020 and a record low of 501 USD Million in August of 1996. This page includes a chart with historical data for the United States Imports of Chemicals - Medicinal Sitc.

Imports of Chemicals - Inorganic Sitc in the United States increased to 972 USD Million in March from 845 USD Million in February of 2020. Imports of Chemicals - Inorganic Sitc in the United States averaged 861.48 USD Million from 1996 until 2020, reaching an all time high of 1790 USD Million in September of 2011 and a record low of 349 USD Million in June of 1996. This page includes a chart with historical data for the United States Imports of Chemicals - Inorganic Sitc.

Weapons Sales in the United Kingdom decreased to 741 USD Million in 2018 from 1235 USD Million in 2017. Weapons Sales in the United Kingdom averaged 2049.07 USD Million from 1950 until 2018, reaching an all time high of 5966 USD Million in 1956 and a record low of 741 USD Million in 2018. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

Weapons Sales in the United States decreased to 10508 USD Million in 2018 from 12485 USD Million in 2017. Weapons Sales in the United States averaged 9892.87 USD Million from 1950 until 2018, reaching an all time high of 15725 USD Million in 1998 and a record low of 1742 USD Million in 1950. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

The OECD and the European Commission’s Structural Reform Support Service (SRSS) sealed a new agreement today in Paris that will see the OECD provide wide-ranging policy support to advance structural reforms in European countries.

Business Inventories in the United States decreased 0.40 percent in February of 2020 over the previous month. Business Inventories in the United States averaged 0.27 percent from 1992 until 2020, reaching an all time high of 1.30 percent in May of 1994 and a record low of -2 percent in December of 2008. Business Inventories in the United States measure the monthly percentage changes in inventories from manufacturers, retailers, and wholesalers. Inventories are a key component of gross domestic product. This page provides - United States Business Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iraq recorded a Current Account surplus of 13954.50 USD Million in 2017. Current Account in Iraq averaged 4753.50 USD Million from 1988 until 2017, reaching an all time high of 32344 USD Million in 2008 and a record low of -15410 USD Million in 2001. 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 - Iraq Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iraq recorded a Current Account surplus of 4.90 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Iraq averaged -0.60 percent from 2001 until 2018, reaching an all time high of 12.70 percent in 2008 and a record low of -24 percent in 2004. 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 - Iraq Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Iraq remained unchanged at 7.90 percent in 2019 from 7.90 percent in 2018. Unemployment Rate in Iraq averaged 8.92 percent from 1991 until 2019, reaching an all time high of 10.30 percent in 1991 and a record low of 7.90 percent in 2014. In Iraq, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Iraq Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gambia recorded a Current Account deficit of 19 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Gambia averaged -7.25 percent from 1978 until 2018, reaching an all time high of 12.10 percent in 1988 and a record low of -37.57 percent in 1980. 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 - Gambia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Gambia remained unchanged at 8.90 percent in 2019 from 8.90 percent in 2018. Unemployment Rate in Gambia averaged 9.79 percent from 1991 until 2019, reaching an all time high of 10.60 percent in 1999 and a record low of 8.90 percent in 2017. In Gambia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Gambia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gambia recorded a Current Account surplus of 4.07 USD Million in the first quarter of 2019. Current Account in Gambia averaged -20.78 USD Million from 2001 until 2019, reaching an all time high of 43 USD Million in the first quarter of 2010 and a record low of -89.11 USD Million in the fourth quarter of 2005. 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 - Gambia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

IP Addresses in Burundi increased to 1971 IP in the first quarter of 2017 from 1786 IP in the fourth quarter of 2016. IP Addresses in Burundi averaged 759.74 IP from 2007 until 2017, reaching an all time high of 2914 IP in the fourth quarter of 2015 and a record low of 246 IP in the fourth quarter of 2010. This page includes a chart with historical data for BurundiIP Addresses.

Temperature in Burundi increased to 21.08 celsius in December from 20.68 celsius in November of 2015. Temperature in Burundi averaged 20.09 celsius from 1850 until 2015, reaching an all time high of 22.86 celsius in September of 2013 and a record low of 17.62 celsius in December of 1860. This page includes a chart with historical data for Burundi Average Temperature.

Precipitation in Burundi decreased to 193.09 mm in December from 235.28 mm in November of 2015. Precipitation in Burundi averaged 100.01 mm from 1901 until 2015, reaching an all time high of 327.19 mm in November of 1961 and a record low of 0.02 mm in July of 1935. This page includes a chart with historical data for Burundi Average Precipitation.

This page provides - Burundi Producer Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Military Expenditure in Burundi increased to 67 USD Million in 2018 from 64 USD Million in 2017. Military Expenditure in Burundi averaged 61.12 USD Million from 1965 until 2018, reaching an all time high of 106 USD Million in 2001 and a record low of 14 USD Million in 1965.

Burundi recorded a Current Account deficit of 361.80 USD Million in 2018. Current Account in Burundi averaged -125.10 USD Million from 1985 until 2018, reaching an all time high of 10.45 USD Million in 1995 and a record low of -395.10 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 - Burundi Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.