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Virtually all governments are keen to attract foreign direct investment (FDI). It can generate new jobs, bring in new technologies and, more generally, promote growth and employment. The resulting net increase in domestic income is shared with government through taxation of wages and profits of foreign-owned companies, and possibly other taxes on business (e.g. property tax). FDI may also positively affect domestic income through
OECD countries have agreed on further liberalisation commitments in the areas of insurance and private pensions. The OECD Code of Liberalisation of Current Invisible Operations has been amended to broaden the insurance obligations of the Code and introduce new obligations on private pensions, thereby establishing a new, high standard for cross-border trade in insurance and private pensions services.
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This report on the Seventh Examination of Members’ Reservations to the Insurance and Private Pensions Provisions of the Code of Liberalisation of Current Invisible Operations was approved by the OECD Council on 19 February 2008. The main results and conclusions relating to the seventh examination process are given in a Note by the Secretary-General. The full set of findings is presented in the accompanying report.
This publication assesses to what extent governments in the region have leveraged their assets with effective policies to attract investment and stimulate growth.
The OECD Working Group on Bribery has serious concerns about Turkey's implementation of the OECD Anti-Bribery Convention.
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Brazil should rapidly amend its legislation to make companies directly liable for the payment of bribes to foreign public officials, and to ensure that effective, proportionate and dissuasive sanctions are applicable, according to a new report by the OECD Working Group on Bribery.
These reports provide a record of the main achievements of the OECD Investment Committee within its investment policy work programme with non-member economies and make available to a wider audience some of the background analytical work developed under the aegis of this programme.
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Organised in Paris on 13 December 2007, discussions covered recent policy developments; the transparency and predictability of investment policies addressing essential security concerns; and the benefits of open investment markets for energy security. In addition, a consultation was held in which business and trade union partners discussed the policy issues raised by investments of Sovereign Wealth Funds (SWFs).
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This report focuses on the role of competition policy in promoting energy security. It does not attempt to establish a precise definition of energy security, but notes that it is mainly about managing vulnerability to supply disruptions and associated price spikes. This report by the OECD Competition Committee Secretariat was presented to participants at the 6th OECD Roundtable on Freedom of Investment held on 13 December 2007.
This Annual Report provides an account of the actions the adhering governments have taken over the 12 months to June 2007 to enhance the contribution of the Guidelines to the improved functioning of the global economy. This publication also contains the results of the 2007 OECD Roundtable on Corporate Responsibility which focused on the OECD Guidelines for Multinational Enterprises and the financial sector.