19-October-2023
English
Canada has undertaken important legislative reforms to enhance its foreign bribery framework since 2011, including the Remediation Agreement (RA), a non-trial resolution mechanism introduced in 2018. Despite these commendable efforts, Canada’s enforcement of the foreign bribery offence remains low.
19-October-2023
English
Brazil has sanctioned large-scale foreign bribery schemes through non-trial resolutions with three legal persons, including as part of one of the most prominent multi-jurisdictional resolutions to date involving foreign bribery allegations. While the Working Group commends Brazil for this success, nevertheless Brazil has only a limited number of enforcement proceedings still ongoing.
11-October-2023
English
The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (Inclusive Framework) has released the text of a new multilateral convention that updates the international tax framework to co-ordinate a reallocation of taxing rights to market jurisdictions, improve tax certainty, and remove digital service taxes.
3-October-2023
English
The OECD/G20 Inclusive Framework on BEPS has concluded negotiations on a multilateral instrument that will protect the right of developing countries to ensure multinational enterprises pay a minimum level of tax on a broad range of cross-border intra-group payments, including for services.
3-October-2023
English
With a slowing decline in energy prices, OECD headline inflation rises to 6.4% in August 2023
3-October-2023
English
The after-effects of the COVID-19 pandemic and Russia’s illegal war of aggression against Ukraine continue reverberating worldwide, providing governments a unique opportunity to enact new policies for achieving sustainable growth and more competitive, innovative, and resilient economies, according to the OECD’s latest Going for Growth policy report.
2-October-2023
English
Over the last two decades, levels of gross domestic product (GDP) per capita have converged across OECD economies, driven in large part by higher growth in lower income economies. At the same time, however, disparities in average incomes across regions have grown in over half of 27 OECD countries with available data, according to the OECD’s Regional Outlook 2023: The Longstanding Geography of Inequalities.
27-September-2023
English
Peru’s economic performance of recent years has been among the strongest in Latin America, resulting in a remarkable drop in poverty. Policy should now prioritise long-standing structural challenges to accelerate convergence with advanced economies and further raise living standards, according to a new OECD report.
21-September-2023
English
Croatia’s economy has performed well over recent years, driving increases in incomes and well-being. Boosting business investment and skills will be the key to sustaining growth and to achieve further increase in living standards, according to a new OECD report.
19-September-2023
English
The global economy was stronger than expected in the first half of 2023, but the growth outlook is weak, inflation is proving persistent and there are significant downside risks, according to the OECD’s latest Interim Economic Outlook.