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A10-Point Plan to cut Oil Use by IEA

With Russia’s invasion of Ukraine resulting in lower supplies to oil markets ahead of peak demand season, IEA 10-Point Plan proposes actions to ease strains and price pain.​The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions included in the 10-Point Plan to sustained measures that would put countries’ oil demand into...

Four key climate change indicators break records in 2021

​Four key climate change indicators – greenhouse gas concentrations, sea level rise, ocean heat and ocean acidification – set new records in 2021. This is yet another clear sign that human activities are causing planetary scale changes on land, in the ocean, and in the atmosphere, with harmful and long-lasting ramifications for sustainable development and ecosystems, according to the World Meteorological Organization (WMO).​ ​Extreme weather...

MEPs adopt their position on key EU draft laws to combat climate change by reducing greenhouse gas emissions by at least 55 % by 2030 and to protect jobs and citizens.​

​On Tuesday 17 may, the Committee on Environment, Public Health and Food Safety adopted five reports of the “Fit for 55 in 2030 package”. This is the EU’s plan to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels and have net zero greenhouse gas (GHG) emissions (climate neutrality) by 2050 in line with the European Climate Law.​In a...

New tax treaty between France and Belgium – Transfer of tax residence and sale of shares – The tax administration may follow you

The currently applicable double tax treaty between France and Belgium was concluded in 1964 and has been amended many times until 2009. After several years of negotiations, Belgium and France finally signed a new double tax treaty (hereafter, the “new Treaty”). The 1964 Treaty remains applicable until the new Treaty has been ratified by the French and Belgian parliaments. Assuming the ratification occurs in 2022,...

OECD countries advancing slowly on sustainable development targets by 2030

Artificial intelligence: MEPs want the EU to be a global standard-setter

​On Tuesday 3 may 2022 the European Parliament adopted the final recommendations of its Special Committee on Artificial Intelligence in a Digital Age (AIDA).Parliament proposes an EU Roadmap to 2030Huge benefits of using AI to address climate change, pandemics and the labour marketMEPs warn about risks to fundamental rights, particularly privacy Background The AIDA Committee started work in September 2020. It was...

The Report on the State of Effectiveness and Compliance with the FATF Standards gives a comprehensive overview of the state of global efforts to tackle money laundering, terrorist and proliferation financing. ​

Overall, the report finds that countries have made huge progress in improving technical compliance by establishing and enacting a broad range of laws and regulations to better tackle money laundering, terrorist and proliferation financing. This has created a firm legislative basis for national authorities to ‘follow the money’ that fuels crime and terrorism.>> FATF (2022), Report on the State of Effectiveness Compliance with FATF Standards,...

Future of Europe: Conference Plenary ambitious proposals point to Treaty review

​The Conference Plenary concluded its work, with MEPs expressing their approval of the outcome and announcing that Parliament intends to kick-start EU reforms.​Conference Plenary adopts 325 proposals for wide-ranging reformsParliament’s delegation decided by broad majority to support the proposalsMEPs will, based on citizens’ demands, seek to formally initiate amending the Treaties Citizens’ feedback on proposals overwhelmingly positive, plea for swift follow-up ​At its final meeting,...

Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike

Invest in a greener and more inclusive human-centred recovery ILO tells World Bank and IMF

Digital Services Act: agreement for a transparent and safe online environment

Parliament and Council reached a provisional political agreement on the Digital Services Act (DSA). Together with the Digital Markets Act, the DSA will set the standards for a safer and more open digital space for users and a level playing field for companies for years to come.​EU negotiators agree on landmark rules to effectively tackle the spread of illegal content online and protect people's fundamental...

Portable electronic devices should all include USB Type-C port for charging ...

​On Wednesday 20 april 2022, the Internal Market and Consumer Protection Committee of the EP adopted its position on the revised Radio Equipment Directive with 43 votes in favour (2 against).MEPs support a common charger for portable electronic devices, reducing e-waste and making the use of different mobile phones, tablets and digital cameras more convenient. MEPs also want harmonisation for wireless charging.> Fewer redundant cables...

Tax challenges arising from digitalisation OECD - public comments

On 18 February 2022, as part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD invited public comments on the Draft Rules for Tax Base Determinations under Pillar One Amount A to assist members in further refining and finalising the relevant rules. The OECD...

Discover the IPCC Sixth Assessment Report on climate change

Artificial intelligence: the EU needs to act as a global standard-setter

​Parliament’s Special Committee on Artificial Intelligence in a Digital Age (AIDA) adopted its final recommendations on Tuesday 23 march concluding 18 months of inquiries.​Special committee on artificial intelligence proposes EU Roadmap up to 2030Imbalance in favour of dominant tech platforms poses systemic risks to democracyHuge benefits of using AI against climate change, pandemics and in the labour marketAI can also pose threats to fundamental...

Deal on Digital Markets Act: EU rules to ensure fair competition and more choice for users

On 24 march evening, Parliament and Council negotiators agreed new EU rules to limit the market power of big online platforms. The Digital Markets Act (DMA) will blacklist certain practices used by large platforms acting as “gatekeepers” and enable the Commission to carry out market investigations and sanction non-compliant behaviour. The text provisionally agreed by Parliament and Council negotiators targets large companies providing so-called...

Russia-ukraine conflict: stagflation ahead

​The escalation of the conflict in Ukraine and the invasion of the latter by the Russian military on 24 February has triggered turmoil in the financial markets, and drastically increased uncertainty about the recovery of the global economy two years after the onset of the COVID-19 pandemic. With Russia being the world’s third-largest oil producer, the second-largest natural gas producer and among the top five...

To raise more tax revenue, first build up taxpayers’ trust

The sustainable development agenda has been severely threatened by the advent of the COVID-19 pandemic. Not only did the crisis set the world’s progress on eliminating extreme poverty back by several years, it also required a significant expansion of spending by governments looking to buffer their populations from the worst of the economic shock. As the struggle with the pandemic continues, new challenges loom for...

Tax Policy and Gender Equality :- 22 countries have implemented specific tax reforms to improve gender equity.

Promoting gender equality, as reflected in the Universal Declaration of Human Rights and the Sustainable Development Goals, is a human rights objective for many governments, including in G20 and OECD countries.Improving gender equality is not only an issue of fairness but can also produce a significant economic dividend. Working towards more inclusive economies in which women participate fully is important for economic growth and, in...

OECD Tax and Development Days 2022