Latest Organization for Economic Co-operation and Development News

OECD urges rich nations to share vaccines to even-up growth

Sep. 21, 2021 09:39 AM EDT

PARIS (AP) — A leading international economic watchdog urged developed countries to put more effort into providing low-income countries with coronavirus vaccines in order to ensure that the global recovery from the pandemic is more even. In its latest assessment of the...

France's Macron pushes global tax deal on visit to Ireland

Aug. 26, 2021 14:22 PM EDT

LONDON (AP) — French President Emmanuel Macron held talks with top Irish officials in Dublin Thursday, focusing on a major overhaul of taxes on the world’s biggest multinational companies. During the one-day state visit — his first to Ireland — Macron met with...

G-20 finance ministers back plan to stop use of tax havens

Jul. 10, 2021 15:39 PM EDT

Top finance officials representing most of the world's economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens. Finance ministers from the Group of 20...

G20 ministers take up plan to deter cross-border tax dodging

Jul. 09, 2021 13:27 PM EDT

A sweeping effort to deter cross-border tax dodges by multinational companies that have cost governments billions tops the agenda as finance ministers from the world's major economies meet in Venice. Approval of the international tax package seems likely at the Group of...

EXPLAINER: Deterring tax avoidance by global companies

Jul. 09, 2021 06:46 AM EDT

Negotiators from 131 countries have agreed on a major overhaul of how the world’s biggest multinational companies are taxed. It's an effort to deter complex international avoidance schemes that have cost governments billions in revenue. The sweeping proposals are meant...

EXPLAINER: Deterring tax avoidance by global companies

Jul. 02, 2021 14:05 PM EDT

Negotiators from 130 countries have agreed on a major overhaul of how the world’s biggest companies are taxed in an effort to deter international avoidance schemes that have cost governments billions in revenue. It's an attempt to better cope with a world where...

130 countries back deal on global minimum tax for companies

Jul. 02, 2021 00:11 AM EDT

FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The agreement announced...