The OECD will spare no efforts in supporting the Government of the United Kingdom advance the country's economic and social agenda, says Mr Gurría in a statement issued following the referendum on membership of the EU.
The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old, according to the OECD’s latest Global Economic Outlook.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2016.
The Secretary-General spoke at the Anti-Corruption Summit, hosted by Prime Minister David Cameron. He also met with leaders attending the event and signed a memorandum of understanding with Italian National Anti-Corruption Authority.
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The economic consequences of Brexit: A taxing decision
The Economic Consequences of Brexit: A Taxing Decision
Leaving Europe would impose a "Brexit tax" on generations to come. Instead of funding public services, this tax would be a pure deadweight loss, with no economic benefit, said OECD Secretary-General in London.
A UK exit from the EU would immediately hit confidence and raise uncertainty which would result in GDP being 3% lower by 2020, which equates to £ 2200 per household. The OECD states that such costs are already piling up in a new study released today.
This database provides information on environmentally related taxes, fees and charges, tradable permit systems, deposit refund systems, environmentally motivated subsidies and voluntary approaches used in environmental policy in OECD member countries and a number of other countries. Developed in co-operation between the OECD and the European Environment Agency.
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The United Kingdom has the 9th lowest tax wedge among the 34 OECD member countries. The country occupied the same position in 2014. The average single worker in the United Kingdom faced a tax wedge of 30.8% in 2015, compared with the OECD average of 35.9%.