OECD Secretary-General Mathias Cormann welcomed today’s ground-breaking agreement by G7 Finance Ministers on key elements of international tax reform designed to address the tax challenges of the digitalisation and the globalisation of the economy.
Fifty years ago, the world watched in awe as the first humans landed on the moon. This remains one of the greatest feats of science, technology and innovation, and is a testament to the incredible power of human ingenuity, intelligence and courage.
It is a pleasure to be here at the 73rd Congress of the International Fiscal Association among so many dedicated and passionate tax practitioners.
Despite these glimmerings of hope, the multilateral system is under strain and governments around the world are facing a public backlash against globalisation, open markets and trade. This is partly due to a lack of trust in the international system and partly because the benefits of globalisation have not been evenly distributed across all peoples and regions.
Nearly a decade after the worst economic crisis in living memory, our countries may finally be escaping the low-growth trap. Global growth is projected to rise from 3% in 2016 to 3.5% this year, and to 3.7% next year, with the upturn increasingly synchronised across the world. This is welcome news, but there is definitely no room for complacency.
It is a great pleasure to present the OECD’s 2017 Economic Survey of the United Kingdom. The United Kingdom is facing challenging times.
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.
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.
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Key findings on the UK health care system
The United Kingdom has made tremendous progress in recovering from the largest economic crisis in 80 years. And this progress has laid the foundations for further reforms needed to boost productivity and inclusiveness.