Taxes on the labour income of the average worker in Latin American and Caribbean (LAC) countries totalled 21.7% of total labour costs in 2013, one-third lower than in OECD countries, where the average was 35.9%, according to the first edition of Taxing Wages in Latin America and the Caribbean.
Denmark has long been a generous provider of development aid, especially to the neediest countries, and is known for giving high-quality and flexible support. However, it faces significant challenges from a reduction of its aid budget and fast-rising refugee costs, according to a new OECD report.
Sweden’s Charlotte Petri Gornitzka, Director General of the Swedish International Development Co-operation Agency (Sida), was today appointed as the new Chair of the OECD’s Development Assistance Committee.
OECD Secretary-General Angel Gurría, and Nobel Laureate Kailash Satyarthi, founder of the Kailash Satyarthi Children’s Foundation (KSCF), agreed today for their respective organisations to work together to fight child poverty and exploitation.
How Africa urbanises will be critical to the continent’s future growth and development, says the African Economic Outlook 2016 released today at the African Development Bank Group’s 51st Annual Meetings.
The issue of illicit financial flows (IFFS) is at the forefront of the international agenda. Both the OECD and the High Level Panel have focused attention on this problem and have identified ways in which to tackle it.
Japan, one of the founding members of the OECD Development Centre, conveyed its intention to return as a member. Prime Minister Abe and Minister of Foreign Affairs Fumio Kishida confirmed Japan's commitment to the OECD Secretary General Gurría and Development Centre’s Director Mario Pezzini during their visit to Tokyo earlier this week.
Development aid totalled USD 131.6 billion in 2015, representing a rise of 6.9% from 2014 in real terms as aid spent on refugees in host countries more than doubled in real terms to USD 12 billion. Stripping out funds spent on refugees, aid was still up 1.7% in real terms, according to official data collected by the OECD Development Assistance Committee (DAC).
Tax revenues in African countries are rising as a proportion of national incomes, according to the inaugural edition of Revenue Statistics in Africa. In 2014, the eight countries covered by the report - Cameroon, Côte d’Ivoire, Mauritius, Morocco, Rwanda, Senegal, South Africa and Tunisia - reported tax revenues as a percentage of GDP ranging from 16.1% to 31.3%.
Despite a continuing slowdown in economic growth, tax revenues in Latin American and Caribbean countries rose slightly in 2014, as a proportion of national incomes, according to new data from the annual Revenue Statistics in Latin America and the Caribbean publication.