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Keyword: oecd

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  • OECD Pushes For $100 Billion Tax Increase On Mostly American Businesses

    03/04/2020 7:38:11 AM PST · by Kaslin · 16 replies ^ | March 4, 2020 | Andrew Wilford
    The Organisation for Economic Co-operation and Development (OECD) recently released its preliminary report on the revenue effects of the first two pillars of its anti-base erosion and profit shifting (BEPS) project. The topic may be dense, but the results are not — implementation of the OECD’s plan would result in a $100 billion tax increase on mostly American businesses. The OECD began its BEPS project in 2013 in response to concerns about corporations avoiding taxes with offshore accounts. Since then, it has released a 15-point action plan, encouraging member countries to comply with the points in order to maximize revenue...
  • France says U.S. proposal on international tax reform unacceptable

    12/06/2019 9:08:47 AM PST · by SunkenCiv · 32 replies
    Reuters via Yahoo ^ | December 6, 2019 | Leigh Thomas; Editing by Catherine Evans
    France rejects a U.S. proposal this week that would let companies opt out of a proposed international tax reform, Finance Minister Bruno Le Maire said on Friday, urging Washington to negotiate in good faith. U.S. Treasury Secretary Steven Mnuchin raised serious questions about OECD international tax reform proposals in a letter made public on Wednesday, jarring international officials by floating the idea of a "safe harbor regime". Le Maire said that would mean U.S. companies could opt in or out as they pleased, which he said would be unacceptable to France and other OECD countries. He urged Washington therefore to...
  • OECD Survey: People In Wealthy Countries Want Higher Taxes On The Rich, More Welfare

    03/20/2019 12:53:15 PM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 03/20/2019 | John Sexton
    Tuesday, Reuters released the results of a survey of 21 countries which found a majority of people want more taxes on the rich to pay for more welfare: In all of the 21 countries surveyed, more than half of those people polled said they were in favour when asked: “Should the government tax the rich more than they currently do in order to support the poor?” The OECD gave no definition of rich…Support was highest in Portugal and Greece, both emerging from years of economic crisis, at nearly 80 percent compared with an average of 68 percent, the Organisation...
  • Germany's tax burden second-highest among rich countries: OECD

    04/26/2018 6:07:20 PM PDT · by Olog-hai · 3 replies
    Deutsche Welle ^ | 04.26.2018 | Alexander Pearson
    Germany has the second-highest tax burden for single earners among high-income countries, the Organization for Economic Cooperation and Development (OECD) said on Thursday. The news has come amid a large budget surplus in Germany and no plans under the new coalition government to drastically change personal income taxes. […] In its “Taxing Wages” report, the OECD calculated the “net personal average tax rate” (NPATR) to determine a country’s tax burden. The NPATR equals the sum of personal income tax plus social security contributions minus cash benefits as a percentage of gross earnings. Single earners in Germany who have no children...
  • U.S. urged to spend more on infrastructure

    04/11/2017 10:12:17 PM PDT · by Tolerance Sucks Rocks · 11 replies
    The Northwest Indiana Times ^ | March 18, 2017 | Associated Press
    BADEN-BADEN, Germany — Governments need to do more to create growth that benefits everyone, and the U.S. should spend more on roads, highways, bridges and airports, the Organization for Economic Cooperation and Development said Friday. The body, which includes the world's better-off countries, said in a report that governments should focus on providing better access to high-quality education and supporting employment for women through measures like affordable child care. It also highlighted the need for more spending on infrastructure. OECD Secretary-General Angel Gurria called for an "upskilling of the workforce" to address worker anxiety about the future of their jobs...
  • Humiliates Obama, Reveals That "America Is The Biggest Tax Haven In The World"

    04/06/2016 7:27:52 PM PDT · by Rockitz · 16 replies ^ | 5 April 2016 | Jesse Ducker, Bloomberg via ZeroHedge
    In his speech yesterday, following the Treasury's crack down on corporate tax inversions, Obama blamed "poorly designed" laws for allowing illicit money transfers worldwide. Since the speech came at a time when the entire world is still abuzz with the disclosure from the Panama Papers, Obama touched on that as well: "Tax avoidance is a big, global problem" he said on Tuesday, "a lot of it is legal, but that’s exactly the problem" because a lot of it is also illegal. There is one major problem with that: of all the countries in the world, it is none other than...
  • World is 'overloaded on monetary policy', says OECD

    03/20/2016 2:34:18 PM PDT · by Lorianne · 4 replies
    Telegraph (UK) ^ | 19 March 2016 | Szu Ping Chan
    Central banks cannot haul economies out of stagnation on their own, the OECD has warned. Catherine Mann, chief economist at the Paris-based think-tank, said countries were now “overloaded on monetary policy” as she described the use of negative interest rates as “a reaction of central banks trying to meet the objective of raising inflation and fostering growth alone”. Ms Mann said banks faced being “squeezed” by the unintended consequences of sub-zero rates in an environment where demand remained subdued. The OECD has repeatedly warned that fiscal policy and structural reforms are needed to ensure recoveries are self-sustaining. “In the economies...
  • OECD's William White: In Terms of Debt, the Situation Is Way Worse than 2007

    02/26/2016 8:49:35 AM PST · by Lorianne · 2 replies
    Financial Sense ^ | 24 February 2016
    William White, chairman of the Economic and Development Review Committee at the OECD and former chief economist at the Bank for International Settlements (BIS), says the risks posed by global debt levels are greater today than they were in 2007 and that central banking monetary policy has lost its effectiveness. He also explains the crucial differences between modern macroeconomic modeling and complexity theory (or viewing the economy as a complex adaptive system) and the key lessons this has for policymakers, both fiscal and monetary. Here's a portion of his recent interview with Financial Sense airing Friday on the Newshour page:...
  • Here's the new(est)Ranking Of Countries in Math & Science

    10/28/2015 3:07:10 PM PDT · by sushiman · 46 replies
    Business Insider ^ | 12/3/13 | Joe Weisenthal
    The OECD is out with new global rankings of how students in various countries do in reading , science and math .
  • Immigration Lowers Educational Achievement

    09/10/2015 6:51:10 AM PDT · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | September 9, 2015 | Malcolm A. Kline
    When academia, aided and abetted by international agencies, tell you something isn’t happening, there is a very good chance that it is. Take, for example, the assertion by the Programme for International Student Assessment (PISA) survey by the Organization for Economic Cooperation and Development (OECD) that immigration has no effect on education. “Only when combined with research methods that can separate causation from correlation are international test scores useful for analyzing education policy outcomes,” the London-based Centre for the Study of Market Reform of Education (CMRE) avers. “For example, PISA would have policy makers believe that immigration has no impact...
  • EU tries again for compromise on deal to phase out coal aid

    07/27/2015 12:35:21 PM PDT · by Olog-hai · 3 replies
    Reuters ^ | Mon Jul 27, 2015 7:55am EDT | Barbara Lewis
    EU bosses are pushing to resolve a clash between industry and environmental policy with a new strategy to phase out funding to export coal technology to developing nations, ahead of a meeting of leading economic powers on the issue. The European Commission, the EU executive, urges tougher rules on when subsidies, known as coal export credits, can be used in a paper seen by Reuters, ahead of interim talks this week. Political pressure is growing to reach agreement on restricting the coal subsidies before United Nations climate change talks in Paris at the end of the year. But opposition is...
  • Russia's crisis has no end in sight as $50 oil looms, says OECD

    12/27/2014 4:16:00 PM PST · by E. Pluribus Unum · 12 replies
    The Telegraph ^ | 12/27/14 | Szu Ping Chan
    There is no end in sight for Russia’s economic crisis, as crippling sanctions and tumbling oil prices leave the country staring into an abyss, the Organisation for Economic Co-operation and Development has warned. Catherine Mann, the OECD’s chief economist, said Russia was moving closer to shutting itself off from the rest of the world, while the West’s sanctions against Moscow over its annexation of Crimea in Ukraine had left no end in sight for the country’s woes.
  • Russia's crisis has no end in sight as $50 oil looms, says OECD

    12/29/2014 1:17:42 AM PST · by elhombrelibre · 25 replies
    The Telegraph ^ | 27 Dec 14 | Szu Ping Chan
    There is no end in sight for Russia’s economic crisis, as crippling sanctions and tumbling oil prices leave the country staring into an abyss, the Organisation for Economic Co-operation and Development has warned. Catherine Mann, the OECD’s chief economist, said Russia was moving closer to shutting itself off from the rest of the world, while the West’s sanctions against Moscow over its annexation of Crimea in Ukraine had left no end in sight for the country’s woes. “It’s very difficult to tell what will get Russia back on track,” she told The Sunday Telegraph. “The end game is autarky, and...
  • Financed by American Tax Dollars, the OECD Endorses Obama’s Statist Agenda for the U.S. Economy

    09/04/2014 7:28:17 AM PDT · by Kaslin · 1 replies ^ | September 4, 2014 | Daniel J. Mitchell
    I hate to sound like a broken record, but the Organization for Economic Cooperation and Development (OECD) is once again pushing for bigger and more intrusive in the United States. The international bureaucracy’s “Economic Survey” of the United States reads like it was produced by some interns at the Democratic National Committee.Since the OECD is based in Paris, I suppose it’s not very surprising that it has a statist agenda. But it’s still offensive because American taxpayers finance the biggest portion of the bureaucracy’s budget.In other words, I’m subsidizing the people who are interfering with America’s domestic policy in hopes...
  • US adults are dumber than the average human

    10/08/2013 4:11:22 PM PDT · by SES1066 · 99 replies
    New York Post ^ | 10/08/13 | Associated Press
    WASHINGTON — It’s long been known that America’s school kids haven’t measured well compared with international peers. Now, there’s a new twist: Adults don’t either. In math, reading and problem-solving using technology – all skills considered critical for global competitiveness and economic strength – American adults scored below the international average on a global test, according to results released Tuesday.
  • Pay companies to hire youth, OECD suggests

    07/17/2013 1:35:09 PM PDT · by Olog-hai · 16 replies
    Reuters ^ | Tue Jul 16, 2013 7:36pm IST | Leigh Thomas
    The plight of youth unemployment in developed economies is so severe it has prompted the Organization for Economic Cooperation and Development (OECD) to call for more government intervention, possibly including paying companies to hire.It also said on Tuesday that governments should not roll back minimum welfare schemes and should reallocate, where possible, budgets towards programs designed to get people back in work. Unveiling its 2013 employment outlook, the OECD said joblessness was likely to remain high in its 34 developed member states through most of next year. But speaking to Reuters after the report’s release, the group’s head of employment...
  • OECD: Europe remains threat to world economy

    05/29/2013 1:56:15 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | May 29, 2013 1:35 PM EDT | Greg Keller
    The recession in Europe risks hurting the world’s economic recovery, a leading international body warned Wednesday. In its half-yearly update, the Organization for Economic Cooperation and Development said that protracted economic weakness in Europe “could evolve into stagnation with negative implications for the global economy.” The OECD again slashed its forecast for the economy of the 17-country eurozone, saying it will shrink by 0.6 percent this year, after a 0.5 percent drop in 2012. The OECD had predicted a 0.1 percent decline for the eurozone in its report six months ago—and this time last year, it forecast growth of nearly...
  • Environment: Germany, a laboratory for green growth

    06/04/2012 12:12:32 AM PDT · by Einigkeit_Recht_Freiheit · 53 replies
    OECD ^ | 05/31/2012 | OECD
    Germany is successfully limiting the amount of carbon, energy and resources required to grow its economy. Though the public is generally satisfied with the level of environmental quality, the OECD’s Environmental Performance Review of Germany warns that challenges remain in areas like air and water quality, the protection of biodiversity, and de-carbonising energy production. It says that Germany will need more cost-effective policies to achieve its ambitious environmental objectives which, in some cases, go beyond those established in the European Union. Stringent environmental requirements have helped to make Germany a leader in the environmental goods and services sector. Worth up...
  • Going Underground in Hard Times

    01/29/2012 9:05:32 PM PST · by Rabin · 1 replies · 2+ views
    ips news (Lisbon) ^ | Jan 28, 2012 | Mario Queiroz
    The underground economy generates more than 52.6 billion dollars a year - half the amount of the international troika's bailout plan… The study indicates that the size of the unreported economy in Portugal is larger than average for the Organisation for Economic Development (OECD) countries, where it varies between 16 and 18 percent of GDP. Portugal has the third largest underground economy relative to GDP in the EU, after Italy and Greece.
  • OECD to Obama: Propagandize U.S. Citizens into Supporting Global Aid Projects

    07/28/2011 6:20:43 PM PDT · by Steve Peacock · 2 replies
    U.S. Trade & Aid Monitor ^ | July 28, 2011 | Steve Peacock
    OECD to Obama: Propagandize U.S. Citizens into Supporting Global Aid Projects By Steve Peacock, U.S. Trade & Aid Monitor; July 28, 2011 The United States should launch a heightened domestic propaganda campaign in order to gain support at home for its role in providing global aid, the Paris-based Organization for Economic Cooperation and Development (OECD) today recommended. Though it did not use the term "propaganda," OECD indeed exhorted the Obama Adminstration to endeavor to gain domestic support for overseas aid programs. The report therefore recommended that the U.S. government do a better job at molding public perception of international assistance,...