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Bermuda and the Netherlands today signed a bilateral agreement for the exchange of information for tax purposes, bringing to 12 the number of such agreements Bemuda has entered into.
Finland has reduced pollution and improved its environmental quality through pioneering approaches like green taxes.
Luxembourg has today signed a protocol to its double taxation convention with Denmark. The protocol, which allows exchange of bank information for tax purposes, brings the convention up to the OECD standard.
The current economic crisis has exposed the deficiencies of economic global governance and the risk of having a highly integrated global economy with fragmented global economic decision-making and regulation. To improve our impact, we do need stronger, more inclusive and better coordinated international organisations, warned the OECD Secretary-General.
France is showing more resilience during the recession than other G7 countries even though growth will be close to zero for several more quarters, OECD Secretary-General Angel Gurría said.
With the global economic crisis, governments are now focused on restoring national economic and employment growth and financial stability which also poses risks for freedom of investment.
Current financing for climate change adaptation and mitigation is clearly insufficient and the development co-operation community needs to think through its implications and come up with forceful responses, according to the OECD Secretary-General.
Address by the President of Chile, Ms. Michelle Bachelet, to the OECD Council 28 May 2009.
According to Mr. Gurría, the number working poor living with less than 2 dollars a day can increase by more than 100 million and the number of hungry people in the world can increase by another 104 million by the end of the year, making urgent the issue of the financing for development.