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News & Events
News
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17-Apr-2008
While Chile’s tax system is not particularly burdensome to business formality, there is scope for making product-market regulations less onerous to firms and the labour code more flexible, especially with regards to indefinite contracts and the allocation of working time. Low human capital remains an important obstacle to reducing labour informality. To the extent that informal businesses also hire informally, there is some room for designing policies to tackle business informality in conjunction with those aimed at boosting formal labour contracting.
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16-Apr-2008
After many years of sustained growth, the housing market has slowed: house prices are falling and there has been a sharp reduction in the number of new homes being built. The exceptional rise in property values in recent years was largely driven by higher income and demographics, but did appear to overshoot the sustainable level. House prices may ease further and could even fall below their long-run value. Residential investment is experiencing a sharp slowdown. This will have some effect on wider economic activity.
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16-Apr-2008
Softening economic growth and the slowdown in the housing market mark a turning point for fiscal policy. Strong revenue growth in earlier years financed a sustained expansion of government spending and some cuts in tax rates, while still allowing the government to run a substantial fiscal surplus. This left the public finances in a healthy state with net government debt declining to a very low level. But this benign picture is changing as growth slows and tax receipts increase more slowly. Public spending growth needs to slow.
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16-Apr-2008
This paper develops a differential game of tax avoidance by modelling the interactions between a taxpayer and the tax authority. This framework is particularly useful for explicitly modelling situations of conflict. The solution to the game is a non co operative Nash that depends on the resources that need to be used by the tax authority to enforce legislation and the cost to be borne by the taxpayer in tax compliance, provided that the curvature of the utility functions is bounded.
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16-Apr-2008
The Chilean authorities plan to raise budgetary allocations over the medium term for a variety of social programmes, including education, health care and housing. This incremental spending will need to be carried out in a cost efficient manner to make sure that it yields commensurate improvements in social outcomes. Chile’s health indicators show that it fares relatively well in relation to comparator countries in the OECD area and in Latin America.
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15-Apr-2008
Tight budgets and demanding citizens put governments under increasing pressure to show that they are providing good value for money. Providing information about public sector performance can satisfy the public's need to know, and could also be a useful tool for governments to evaluate their performance. This Policy Brief looks at the challenges governments face in using performance information to make the budget process more efficient and offers some guidelines to assist in the process. The Policy Brief complements the OECD publication, Performance Budgeting in OECD Countries.
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10-Apr-2008
"Reforms for Stability and Sustainable Growth: an OECD Perspective on Hungary" emphasises the need to persevere in the ongoing programme of fiscal consolidation and to forge ahead with structural reforms for Hungary to resume the process of catching up with the better performing OECD countries.
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09-Apr-2008
Government finances have improved significantly over the past years on account of both cyclically higher revenues and structural expenditure restraint. In order to preserve these achievements for the longer term, the government should consider replacing the fiscal rule currently enshrined in the constitution, which has proved to be ineffective in preventing an increase in the debt level. Safeguarding future tax receipts is also a challenge and the implemented corporate tax reform will be helpful in this respect.
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08-Apr-2008
Labour productivity has grown strongly in the Slovak Republic, Hungary and Korea in recent years while growth rates in some other OECD countries such as Italy, Mexico, Portugal and New Zealand have slowed markedly.
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Events
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on 10-Nov-2007
At an international roundtable meeting in Beijing, senior officials of the Chinese Central Leading Group for Financial and Economic Affairs and of Chongqing Municipality, as well as experts from the German GTZ exchanged views with the OECD Territorial Development Policy Committee. This third roundtable in China, which took place on 10 November 2007, dealt with the development strategy of Chongqing, one of China’s four provincial-level municipalities and an economic centre for the development of the country’s west. Participants also discussed an OECD paper on Chongqing's development strategy.
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on 05-Sep-2007
Jordan’s Legislative Strengthening Program (SUNY) and the Parliamentary Budget Office jointly organised a study visit to the OECD of Members of the Jordanian Parliament. At this occasion, Mr. Barry Anderson, Head of the Budgeting and Public Expenditures Division, OECD made a presentation on the experiences with legislative budget offices.
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from 07-Jun-2007 to 08-Jun-2007
This Special Session on Lobbying brought together for the first time at the international level top officials from executive and legislative branches in charge of legislation and policy on lobbying.
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from 22-Oct-2007 to 23-Oct-2007
The Global Forum on Governance is an opportunity for countries to share their reform experiences in public sector modernisation and policies aimed at increasing public sector efficiency.
The Forum brings together high-level participants, academic experts and expert practitioners to explore the political economy of change. It also offers a deeper understanding of how public sector reform can be approached and how institutional, economic and cultural settings impact its design and implementation.
For more information, please contact Ms. M-Varinia Michalun at maria-varinia.michalun@oecd.org
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from 31-May-2007 to 01-Jun-2007
Identify how social and economic goals can best be achieved, for example by policy interventions at certain critical "transition points" or by redistribution of income from one point in the life course to another. How assess the best way of financing social policies across the life course. These issues were discussed by a range of experts and policy makers at a seminar held on Thursday 31 May - Friday 1st June 2007 in Paris.
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on 06-May-2007
The world's population is ageing, and it's forcing us to make some tough choices about how we pay for our collective old age. Monika Queisser, OECD Senior Economist, was invited by Barry Thorne, to take part into the debate of the ageing population-themed edition of Amsterdam Forum (Copyright: www.radionetherlands.nl)
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from 29-Mar-2007 to 05-Apr-2007
Is there a perfect pension scheme? Do people understand their pension systems?
A live online question and answer session on the issue of pension reform took place on Thursday 5 April.
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from 05-Mar-2007 to 06-Mar-2007
The 7th annual OECD public sector accruals symposium was held in Paris on 5-6 March 2007.
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On 14 December 2005 a first roundtable meeting on sustainable regional policy took place in Beijing, China.
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from 01-Aug-2006 to 02-Aug-2006
On 1-2 August 2006 a second roundtable meeting on institutional arrangements underpinning regional development policies took place in Beijing, China.
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