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The OECD assesses tax policy as part of its mandate for overall surveillance of structural policy. This involves comparing tax design and policy across Member countries, analysing their impact on economic efficiency and income distribution and drawing specific country recommendations.
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04-Nov-2009
Following the severe contraction of the economy, the main economic challenges in rebalancing the economy include raising competitiveness, restoring the financial system to health, fiscal consolidation and avoiding high long-term unemployment.
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16-Oct-2009
Monetary and fiscal policies face huge challenges: the banking sector has collapsed; the economy is in the midst of a deep recession; the exchange rate has plunged; capital flows have been frozen; inflation is elevated; public debt has risen; source of revenues have disappeared; social needs have increased; and the unemployment insurance fund has been nearly depleted.
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30-Sep-2009
Japan has been hard-hit by the global financial crisis. Its main economic challenges include raising its growth potential, upgrading the financial sector, resolving its fiscal problem, reforming health care and improving climate change policies.
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