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In the past two days Belgium has signed protocols to its tax conventions with Luxembourg, Singapore, San Marino, and the Seychelles as well as a tax convention with the Isle of Man and a tax information exchange agreement with Monaco
The economic downturn has hit shipbuilding hard. New orders have contracted by up to 90% and cancellations have increased, which is likely to result in significant excess shipbuilding capacity. This outlook is unlikely to improve for some time.
Brazil is resisting the global downturn better than many other countries thanks to sound policies developed over recent years and an improved balance of payments, said Angel Gurría, Secretary-General of the OECD.
Sweden spent USD 4.73 billion on overseas development assistance (ODA) in 2008. This amounted to 0.98% of its gross national income (GNI), making Sweden the most generous DAC donor countries as a proportion of its economy.
“Closer and stronger ties between the G8 and G5 countries are critical for tackling the increasingly complex global challenges facing our countries, and never more so than in the current economic crisis,” OECD Secretary-General Angel Gurría said today at the G8 Summit.
The OECD’s latest economic survey of Brazil, to be published on Tuesday 14 July 2009, looks at the challenges the country faces as it recovers from the global downturn. It also discusses the reforms needed to reinforce long-term growth and raise living standards.
Luxembourg has signed a protocol to its double taxation convention with Norway, bringing to 12 the number of agreements it has on exchange of information for tax purposes.
Financial services firms must make sure their customers understand what they are letting themselves in for when they sign up for mortgages, consumer loans and other products, under new OECD guidelines designed to avoid a repeat of the sub-prime mortgage crisis.
The OECD’s latest economic survey of Russia, to be published on Wednesday 15 July 2009, looks at the reforms needed to establish more robust and sustainable growth in the wake of the current crisis.
One of the agenda items at the G8 Summit in L’Aquila this week is expected to be a discussion of a proposed new “Global Standard” for international business dealings.