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The economic crisis means global corporate losses have increased significantly. Though most of these claims are justified, some corporations use ‘aggressive tax planning’ to avoid taxes. Governments are working together to detect and deter these undue tax advantages.
Gross domestic product (GDP) in the OECD area slowed to 0.2% in the second quarter of 2011, down from 0.3% in the previous quarter.
The OECD welcomes the comprehensive package approved by the Italian government at the weekend.
Composite leading indicators (CLIs) for June 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to a slowdown in activity in most OECD countries and major non-member economies.
Consumer prices in the OECD area rose by 3.1% in the year to June 2011, compared with 3.2% in May - the first decrease in inflation since November 2010.
International migration fell in 2009, reflecting lower demand for workers in OECD countries for the second consecutive year after a decade of growth, according to a new OECD report.
The OECD area unemployment rate was steady at 8.1% in May, unchanged for the third consecutive month.
Composite leading indicators (CLIs) designed to anticipate turning points in economic activity relative to trend, point to a slowdown in most major economies for May 2011.
Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.
OECD is please to announce that Rintaro Tamaki has been appointed to the post of Deputy Secretary-General of the organisation.