OECD Secretary-General Angel Gurría today welcomed the passage into law of Latvia's “Public Persons Enterprises and Capital Shares Governance Law”.
The decision of the OECD Council in 2013 to invite Latvia to begin the process of joining the Organisation is a strong statement by OECD countries. It shows their confidence in the strategic directions, achievements and capabilities of the Latvian government. It is a message which will be translated into more and better investments in Latvia; more and better jobs for Latvians; said OECD Secretary-General.
The international community continues making progress toward greater cooperation to ensure effective information exchange in tax matters. The Global Forum on Transparency and Exchange of Information for Tax Purposes issued today 12 new reports that highlight action being taken by jurisdictions to implement the international standard for exchange of information on request.
Latvia has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Latvia will become the 41st Party to the OECD Anti-Bribery Convention on 30 May 2014.
The OECD has set out a path for Latvia’s accession to the Organisation, reinforcing a commitment to extend its global membership.
As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.
This seminar was part of a three-year programme of cooperation between the European Commission and the OECD LEED Programme to monitor and report on entrepreneurial activity in Europe and related public policies and actions.