Belgium is one of the most productive economies in Europe and in the world. Workers in Belgium produce 6% more for each hour worked than workers in Germany; 7% more than workers in the Netherlands; and 9% more than workers in France.
Mr. Angel Gurría, Secretary-General of the OECD, will be in Brussels on 8 July 2019 to attend the EU Employment and Social Policy Council meeting, where he will present the OECD report on the Economy of Well-Being.
These country profiles focus on countries' domestic legislation regarding key transfer pricing principles, including the arm's length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures.
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The tax wedge for the average single worker in Belgium decreased by 1.1 percentage points from 53.8 in 2017 to 52.7 in 2018. The OECD average tax wedge in 2018 was 36.1 (2017, 36.2).
These ready-made tables and charts provide for snapshot of aid (Official Development Assistance) for all DAC Members as well as recipient countries and territories. Summary reports by regions (Africa, America, Asia, Europe, Oceania) and the world are also available.
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The tax-to-GDP ratio in Belgium increased by 0.5 percentagepoints, from 44.1% in 2016 to 44.6% in 2017. The corresponding figures for the OECD average were an increase of 0.2percentage points from 34.0% to 34.2% over the same period.
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The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges