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Australia’s employment rate remains well above the OECD average. In the first quarter of 2015, the rate for 15-64 year-olds was 71.7%, 5.7 percentage points (ppts) above the OECD average. However, labour market conditions have been deteriorating steadily over the past four years, and Australia is no longer one of the best performing countries in the OECD area.
Specific country notes have been prepared using data from the database OECD Health Statistics 2015, July 2015 version. The notes are available in PDF format.
In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.
Biographical note of Australia's Permanent Representative to the OECD.
This review particularly recommends shifting away from income taxation to indirect taxation, for instance by raising more revenue from the Goods and Services Tax.
The government’s current review of the federal system, focusing on both spending and tax responsibilities, is welcome, as is the “whole of government” approach to the process.
The economy is adjusting to the post mining-boom era. Long-term prosperity requires macroeconomic policy settings and structural reforms to focus on ensuring a successful rebalancing of economic activity towards non-resource sectors.
Leaders of the G20 countries meeting at their Summit in Brisbane, Australia, have called on the OECD and IMF to monitor their commitment to boost economic growth and create jobs.
Mr. Angel Gurría was in Brisbane to attend the G20 Leaders' Summit on 15-16 November. Prior to the Summit, the Secretary-General attended a G20 Finance Ministers Meeting, as well as L20 and B20 meetings.
The world economy is still suffering from the strains of the longest crisis of modern times, and nowhere is this more evident than in the high unemployment numbers. In this OECD Observer Roundtable, we asked a cross-section of ministers: “What actions are you taking to create more and better jobs in your economy?”