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News & Events
News
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18-Apr-2008
Germany has joined 15 other countries in signing the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, in a step that will help it to combat cross-border tax evasion more effectively in today’s open global economy.
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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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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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14-Mar-2008
In this joint press statement Mr. Angel Gurría, OECD Secretary-General and Ms. Kristin Halvorsen, Norwegian Minister of Finance address the issue of cross-border tax evasion.
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11-Mar-2008
Families with children have paid less in tax as a percentage of their income in recent years in Australia, Hungary, Ireland and New Zealand, thanks to family-friendly tax policies, but wage-earners in some other OECD countries, including Greece, Iceland, Korea and Mexico, have wound up with higher tax bills due to so-called fiscal drag.
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26-Feb-2008
Grace Perez-Navarro, deputy-director of OECD’s Centre for Tax Policy and Administration, addresses harmful tax practices, including tax havens, by improving transparency and establishing effective exchange of information.
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19-Feb-2008
In August 2007, the Danish government presented its new medium-term fiscal framework: the 2015 Strategy. It is remarkable for holding up fiscal sustainability as an overarching objective for budgeting and government policies. Nevertheless, clearer mechanisms are needed to prevent spending overruns in regional and local authorities, this report argues.
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Top of page
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Fighting Offshore Tax Evasion
Grace Perez-Navarro, deputy-director of OECD’s Centre for Tax Policy and Administration, addresses harmful tax practices, including tax havens, by improving transparency and establishing effective exchange of information.
Nicholas Bray speaks with Grace Perez-Navarro
www.itdweb.org
A joint initiative by the OECD, IMF and World Bank to facilitate discussion on tax matters
International Tax Dialogue
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Taxation in the Global Context: Developing our Co-operation with Non-OECD Economies
A new interactive tool to calculate your benefit entitlements and tax burdens
