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Following the G20 meeting and communiqué, the OECD has provided a detailed report on progress by financial centres around the world towards implementation of an internationally agreed standard on exchange of information for tax purposes.
The Cayman Islands has signed bilateral agreements with seven Nordic economies - Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden - on exchange of information for tax purposes.
Ministers responsible for regional development met at OECD to discuss the serious impact of the financial crisis on urban and rural regions and suggest ways to stimulate the economy.
Teenagers in OECD countries are mostly well aware of environmental issues but often know little about their causes, raising questions about how well societies will be equipped to tackle such challenges in the future, according to a new OECD publication.
Countries participating in a “Freedom of Investment” initiative, which together represent four fifths of the world economy, have pledged to resist discriminatory policies and new forms of protectionism towards investment.
In 2008, total net official development assistance (ODA) from members of the OECD’s Development Assistance Committee (DAC) rose by 10.2% in real terms to USD 119.8 billion. This is the highest dollar figure ever recorded. It represents 0.30% of members’ combined gross national income.
“Governments need to take quick and decisive action to avoid the financial crisis becoming a fully-blown social crisis with scarring effects on vulnerable workers and low income households,” OECD Secretary-General Angel Gurría told G8 Labour and Employment Ministers in Rome today.
OECD Secretary-General Angel Gurría welcomed an announcement by Monaco that it is prepared to enter into agreements for the exchange of information in all tax matters in accordance with international standards developed by the OECD and recognised by the United Nations.
There is wide economic disparity between regions within OECD countries, with some leading national economies and others falling behind. As governments work to grow their economies, they should examine the role that boosting all regions can play in this effort.
China should speed up investment in rural services and infrastructure and create jobs in non-agricultural sectors for returning migrants, according to a new OECD report. This will help offset the fast-rising impact of the economic slowdown on the rural economy.