Governments everywhere are increasingly interested in assessing the effects of their policies and the effectiveness of public institutions. Competition policy is no exception. Competition agencies affect the economy by taking decisions on cases under competition law. With their governments, they can influence market competition in the economy more widely through policy interventions.
Globalisation has brought a much more international dimension to competition law. This paper presents evidence of the complexity of co-operation between competition agencies and the likely challenges they will encounter in the future to enforce competition law and co-operate effectively.
Globalisation, the increasing significance of emerging economies, the borderless nature of the growing digital economy, and the proliferation of competition regimes have caused a significant increase in the complexity of cross-border competition law enforcement co-operation. The OECD and its Competition Committee take a leading role in shaping the framework for international co-operation among competition enforcement agencies.
The OECD works on advancing consumer finance protection through informed choice that includes disclosure, transparency and education; protection from fraud, abuse and errors; and, recourse and advocacy.
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The September 2014 update on the BEPS Action Plan, including the delivery of the first set of measures from the BEPS Project as well as enhanced engagement with developing countries.
International co-operation between competition authorities has been at the core of the OECD agenda for many years. On 16 September 2014 the OECD Council adopted the Recommendation on International Enforcement Co-operation in Competition Investigations and Proceedings. The Recommendation represents a cornerstone for the creation of an effective international co-operation system between competition enforcers.
The EU Single Market remains fragmented by complex and heterogeneous rules at the EU and national levels affecting trade, capital, including foreign direct investment, and labour mobility.
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BEPS strategies often take advantage of the interaction between the tax rules of different jurisdictions, so only an internationally co-ordinated effort can effectively respond to this issue. The BEPS Action Plan is based on three core principles: coherence, substance and transparency, and sets forth 15 actions to fundamentally change the rules for the taxation of cross-border profits.
We are looking for new and interesting thinking on how policy options in the areas of competition, corporate governance, capital markets and financial services, international investment and foreign bribery can have an impact on our well-being as defined by the OECD's Better Life Initiative.
Merger control constitutes an essential component of an effective competition system. This in-depth study of Chile’s merger control regime assesses the main existing issues in the current system and provides suggestions for improvement based on OECD and international standards.