In 2008, the Czech government implemented a major overhaul of the personal income tax (PIT), replacing the previous progressive rate schedule with a single 15% rate levied on an enlarged base.
"The crisis brought to the fore that in a globalised economy, no single country has all the answers. Using our methods of peer learning, benchmarking and monitoring, the OECD can pave the way to build a stronger, more balanced and sustainable economic growth" said Angel Gurría in a speech delivered at the Prague University.
Presenting the OECD Economic Survey of the Czech Republic in Prague, Angel Gurría underlined that "The economy has shown considerable resilience in the face of extraordinary challenges."
Presenting the Economic Survey of the Czech Republic at a high level seminar in Prague, A. Gurría suggested the creation of a "watchdog" to monitor the fiscal policy process in order to make it easier to avoid overspending in good times and thus to limit deficit bias.
During his visit to Prague, Angel Gurría will present the OECD Economic Survey of the Czech Republic at a press conference and two seminars. He will also meet with government officials to discuss a range of key policy issues.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
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Statement by the Czech Republic, OECD Agriculture Ministerial Meeting 2010
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This review of vocational education and training (VET) in the Czech Republic is part of ―Learning for Jobs‖, the OECD policy study of VET – a programme of analytical work and individual country reviews designed to help countries make their VET systems more responsive to labour market needs.
In 2004 the OECD launched a thematic review of tertiary education to examine how institutions and national policies are meeting these challenges. 24 countries participated in that review, including the Czech Republic.
This seminar looked at the experience of former communist countries and their achievements as a source of knowledge and hope for our own future. People all over the world have been reviving memories of 20 years ago when the Berlin Wall was finally brought down. Political freedom is priceless. But did it bring about economic and social wellbeing as it should? Did free markets meet expectations? What lessons can we draw from the