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Luxembourg has signed an agreement for the exchange of bank information on request in all tax matters with the U.S., marking a major step forward in international efforts to counter tax evasion.
With world trade volumes likely to shrink by as much as 13 percent in 2009 from 2008 levels, the OECD is urging governments to avoid protectionist measures and keep markets open in order to allow economies to benefit from the recovery when it comes.
Improving competitiveness is essential to the future prosperity of Japan’s agricultural sector, according to a new OECD report.
Governments must urgently adapt their labour market policies to help their most vulnerable citizens in the economic crisis.
Taxes on wage earners fell slightly in 2008 in many OECD countries, with Poland and Turkey showing the biggest drop for an unmarried person earning the average wage, according to the OECD’s annual Taxing Wages publication.
The 2009 Outlook covers 47 African countries, up from 35 last year. The report finds the region gravely affected by the global economic downturn. Following half a decade of above 5 per cent economic growth, the continent can expect only 2.8 per cent in 2009.
Across OECD countries, close to 40% of high-school students who come top in science subjects have no interest in pursuing a science-related career, while almost 45% do not want to continue studying science, according to a new OECD report.
A crackdown on tax havens and cross-border tax evasion will help developing countries to raise more revenues to pay for much-needed schools, roads and hospitals, according to OECD Secretary-General Angel Gurría.
In an article published on the OECD’s website ahead of the 2009 spring meetings in Washington of the World Bank Group and the International Monetary Fund, Mr. Gurría said improving the effectiveness of developing countries’
Thirty-five countries have agreed to co-ordinate export credit support to help boost international trade and investment during the economic crisis. The OECD will host regular meetings to exchange information and monitor progress.