The OECD Committee on Fiscal Affairs invites public comments on a revised discussion draft on tax treaty issues related to emissions permits/credits, which addresses the application of the provisions of the OECD Model Tax Convention to the cross-border granting and trading of emissions permits and credits.

On 19 October 2012, the OECD Committee on Fiscal Affairs released for public comment a revised discussion draft on tax treaty issues related to emissions permits and credits. The OECD has now published the comments received on this revised discussion draft.

The OECD invites interested parties to send a short description of strategies that might be considered to result in the artificial avoidance of the permanent establishment status in relation to base erosion and profit shifting.

Air pollution is costing advanced economies plus China and India an estimated USD 3.5 trillion a year in premature deaths and ill health and the costs will rise without government action to limit vehicle emissions, a new OECD report says.

The OECD today agreed a new framework that would allow all interested countries and jurisdictions to join in efforts to update international tax rules for the 21st Century. The proposal for broadening participation in the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project will be presented to G20 Finance Ministers at their next meeting on 26-27 February in Shanghai, China.

Mr. James Karanja has been appointed as Head of the joint OECD/UNDP Tax Inspectors Without Borders (TIWB) Initiative effective 11 April 2016. Mr. Karanja will lead the development of TIWB, which has been designed to support developing countries to build tax audit capacity.

The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced today that Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to share financial account information automatically with other countries.

Public comments are invited on technical issues identified in a request for input related to the development of a multilateral instrument to implement the tax-treaty related BEPS measures. Comments should be sent by 30 June 2016 at the latest.

On 31 May 2016, public comments were invited on technical issues identified in a Request for Input related to the development of a multilateral instrument to implement the tax-treaty related BEPS measures. This document compiles the comments received in response to that request for input.

The OECD will hold a public consultation event on the Multilateral Instrument on 7 July 2016 at the OECD Conference Centre in Paris, France.

His Excellency Muadid Hareb Mughair Al-Khaili, Ambassador of the United Arab Emirates to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of the OECD Deputy Secretary-General, Rintaro Tamaki.

Mr. Tomas Balco has been appointed Head of the Transfer Pricing Unit in the Centre for Tax Policy and Administration. He will take up his duties on 4 September 2017.

Sophie Chatel has been appointed Head of the Tax Treaty Unit in the Centre for Tax Policy and Administration. She will take up her duties on 6 September 2017.

Countries are making major progress towards the goal of creating a fairer and more effective international tax system, including increasing efforts to close down loopholes, improve transparency and ensure that multinational enterprises pay tax where they carry out their activities, according to a new OECD report.

Tax revenues in Latin America and the Caribbean (LAC) dipped in 2016, falling further behind average OECD country levels, but a recovery is likely in subsequent years, according to Revenue Statistics in Latin America and the Caribbean 2018. The average tax-to-GDP ratio stood at 22.7% in 2016, a fall of 0.3 percentage points since 2015, the report says.

The United Arab Emirates has become the 116th jurisdiction to join the Inclusive Framework on BEPS (“IF”). The IF was established in January 2016, after the G20 Leaders urged the timely implementation of the BEPS package released in October 2015 and called on the OECD to develop a more inclusive framework with the involvement of interested non-G20 countries and jurisdictions, including developing economies.

Estonia becomes the 82nd jurisdiction to join the MLI. Estonia’s signature follows the signatures by Kazakhstan, Peru and the United Arab Emirates earlier this week. JAlso today, the United Kingdom deposited its instrument of ratification for the Multilateral Instrument with the OECD.

This paper reviews and evaluates the efficacy of simplified tax registration and collection mechanisms for securing compliance of taxpayers over which the jurisdiction with taxing rights has limited or no authority to effectively enforce a tax collection or other compliance obligation.

Today, the OECD and the United Arab Emirates signed a renewal of the Memorandum of Understanding agreeing to extend their collaboration in providing regional seminars on international taxation For a further three year, to 2021.

On 29 May 2019, the UAE deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (multilateral convention or MLI) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For the UAE, the MLI will enter into force on 1 September 2019.

In order to support the automatic exchange of information collected under the OECD’s Model Mandatory Disclosure Rules on Common Reporting Standard (CRS) Avoidance Arrangements and Opaque Offshore Structures (MDRs), the OECD has today released the international administrative and operational framework for the exchange of information collected under the MDRs.

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.

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

At the request of concerned countries, the OECD Secretariat has issued guidance on these issues based on a careful analysis of the international tax treaty rules.

Exports of (bop) - Fabricated Metal Products in Canada decreased to 379.90 CAD Million in March from 424.30 CAD Million in February of 2020. Exports of (bop) - Fabricated Metal Products in Canada averaged 303.61 CAD Million from 1988 until 2020, reaching an all time high of 463.60 CAD Million in April of 2015 and a record low of 107 CAD Million in February of 1991. This page includes a chart with historical data for Canada Exports of (bop) - Fabricated Metal Products.

Exports (Bop) - Bottled Water, Carbonated Soft Drinks, Ice in Canada decreased to 45.20 CAD Million in March from 51.70 CAD Million in February of 2020. Exports (Bop) - Bottled Water, Carbonated Soft Dri in Canada averaged 20.38 CAD Million from 1988 until 2020, reaching an all time high of 51.70 CAD Million in February of 2020 and a record low of 0.60 CAD Million in October of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Bottled Water, Carbonated Soft.

Imports (Bop) - Prefabricated Buildings And Components in Canada decreased to 31.90 CAD Million in March from 39.80 CAD Million in February of 2020. Imports (Bop) - Prefabricated Buildings And Compon in Canada averaged 19.74 CAD Million from 1988 until 2020, reaching an all time high of 134.80 CAD Million in June of 1995 and a record low of 2.20 CAD Million in January of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Prefabricated Buildings And Co.

Imports (Bop) -Natural Gas, Natural Gas Liquids&Related Products in Canada increased to 240.70 CAD Million in March from 213.70 CAD Million in February of 2020. Imports (Bop) -Natural Gas, Natural Gas Liquids&Re in Canada averaged 200.63 CAD Million from 1988 until 2020, reaching an all time high of 839.50 CAD Million in April of 2014 and a record low of 0.90 CAD Million in February of 1988. This page includes a chart with historical data for Canada Imports of (bop) -natural Gas, Natural Gas Liquid.

Imports (Bop) - Natural Gas Liquids And Related Products in Canada increased to 53.30 CAD Million in March from 30.90 CAD Million in February of 2020. Imports (Bop) - Natural Gas Liquids And Related Pr in Canada averaged 52.36 CAD Million from 1988 until 2020, reaching an all time high of 333.90 CAD Million in October of 2014 and a record low of 0.90 CAD Million in February of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Natural Gas Liquids And Relate.

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.

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.

Banks Balance Sheet in the United States increased to 19729125 USD Million in April 8 from 19717856 USD Million in the previous week. Banks Balance Sheet in the United States averaged 6484902.08 USD Million from 1973 until 2020, reaching an all time high of 19729125 USD Million in April of 2020 and a record low of 697581.70 USD Million in January of 1973. This page provides - United States Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in the United Kingdom increased to 4204845 GBP Million in March from 4066563 GBP Million in February of 2020. Banks Balance Sheet in the United Kingdom averaged 3676330.06 GBP Million from 2010 until 2020, reaching an all time high of 4204845 GBP Million in March of 2020 and a record low of 3342179 GBP Million in September of 2014. This page provides - United Kingdom Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The United States recorded a government budget deficit of 119125 USD Million in March of 2020. Government Budget Value in the United States averaged -19423.98 USD Million from 1954 until 2020, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -235278 USD Million in February of 2020. Federal Government budget balance is the difference between budget receipts (income) and budget outlays (spending). A budget surplus is expressed as a positive value. A budget deficit is expressed as a negative value. This page provides - United States Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The United Kingdom recorded a government budget surplus of 240 GBP Million in March of 2020. Government Budget Value in the United Kingdom averaged -1683.51 GBP Million from 1984 until 2020, reaching an all time high of 19413 GBP Million in January of 2020 and a record low of -16111 GBP Million in April of 2013. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - United Kingdom Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This G20 report looks at the evolution of private institutional investment in infrastructure and examines how the market has developed; analyses various investment vehicles with a snapshot of the growth experienced in the market; categorises methods used for investing in infrastructure; and, highlights the challenges and barriers to investment.

The OECD Working Group on Bribery has serious concerns regarding Belgium’s limited efforts to comply with the OECD Anti-Bribery Convention.

The OECD Working Group on Bribery expresses its serious concern with Finland’s continued failure to implement the OECD Anti-Bribery Convention.

The OECD Working Group on Bribery expresses its serious concern regarding the situation of the Commission for the Prevention of Corruption (CPC) in Slovenia.