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The future of European competitiveness: report by Mario Draghi

The report looks at the challenges faced by the industry and companies in the Single Market. The findings of the report will contribute to the Commission’s work on a new plan for Europe’s sustainable prosperity and competitiveness. And in particular, to the development of the new Clean Industrial Deal for competitive industries and quality jobs, which will be presented in the first 100 days of...

About Taxation and Inequality

> This report, commissioned by the Brazilian G20 Presidency ahead of the July 2024 G20 Finance Ministers and Central Bank Governors meeting, contributes to discussions on the role of tax systems in addressing inequality. It explores how tax systems can mitigate or exacerbate inequality with a focus on the distribution of income and wealth and identifies scope for potential reform. It zooms in...

"Black and grey" lists of FATF : changes in 2024

​The FATF identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in two FATF public documents that are issued three times a year. The FATF’s process to publicly list countries with weak AML/CFT regimes has proved effective. As of June 2024, the FATF has reviewed 133 countries and jurisdictions and publicly identified 108 of them. Of these, 84 have since made...

Real household income increases in most countries in the first quarter of 2024

Real household income per capita in the OECD rose by 0.9% in the first quarter of 2024, compared with 0.3% in the previous quarter, while real GDP per capita grew by 0.3% (Figure 1). All G7 economies experienced an increase in real household income per capita in Q1 2024. Italy saw the strongest increase (3.4%), driven by a rise in compensation of employees and social...

Strengthening International Tax Transparency on Real Estate – From Concept to Reality

In July 2023, following a request from the Indian G20 Presidency, the OECD delivered a report making the case for enhanced tax transparency on real estate and setting out a number of conceptual solutions to improve the existing architecture on a voluntary basis. Since then, technical work has continued at OECD-level to refine the understanding of the information needs of tax administrations, the information they...

OECD, "think thank" of the international tax cooperation....

The OECD publishes on its website a commentary by its Secretary-General on the results of the G20 in Rio de Janeiro on international tax cooperation, namely the Ministerial Declaration (final communiqué) which you will find in the annex in English, the only language available. It seemed appropriate to communicate you in full this statement of the Secretary-General, It highlights the importance of OECD work in...

Focus on key developments in international tax reform since February 2024

The OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (G20 Brazil, July 2024) describes some of the key developments in international tax reform since February 2024, including on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy and on the implementation of the BEPS minimum standards. It also covers progress made in tax transparency...

Designing a National Strategy against Tax Crime

Core elements and considerations, the point of view of the OECD into 75 pages Tax crimes negatively affect all countries, developed and developing alike. They obstruct governments’ ability to collect revenue and undermine trust in the legal and financial system which can lead to a wide range of adverse outcomes. Tax crime is often closely linked to other forms of serious domestic and transnational crime,...

EC's DG TAXUD publishes its 2024 work plan

Published on 8 May, EC’s DG TAXUD’s annual work plan for 2024 gives an overview of what to expect from the DG for this year.Highlights Here are some key highlights described in the introduction of this document In 2024, the Commission’s Directorate-General for Taxation and Customs Union (DG TAXUD) will continue to support the Commission’s agenda for a fairer, greener an more competitive future....

OECD updates AI Principles to stay abreast of rapid technological developments

03/05/2024 - The 2024 OECD Ministerial Council Meeting (MCM) has adopted revisions to the landmark OECD Principles on Artificial Intelligence (AI). In response to recent developments in AI technologies, notably the emergence of general-purpose and generative AI, the updated Principles more directly address AI-associated challenges involving privacy, intellectual property rights, safety, and information integrity. With 47 adherents now including the EU and a general scope...

Parliament signs up for new EU Body for Ethical Standards : a significant first step towards fostering a common culture of integrity and ethics

​On Thursday, the European Parliament approved the creation of a new EU body to strengthen integrity, transparency, and accountability in European decision-making.The essentials - achterground > MEPs have approved agreement between eight EU institutions and bodies> A significant first step towards fostering a common culture of integrity and ethics> Common minimum ethical standards to be developed> Five independent experts to contribute to the body’s work,...

First-stage consultation of social partners on fair telework and the right to disconnect*

On 30 April 2024, the Commission launched the first-stage consultation of European social partners to gather their views on the possible direction of EU action on ensuring fair telework and the right to disconnect. Thanks to digital technologies, many jobs can now be performed remotely. The overall balance is positive, with 60% of workers preferring to work from home for at least part of...

Labour taxes rise across OECD countries amid persistent inflation

A second consecutive year of high inflation pushed up labour taxes across OECD countries in 2023, according to a new OECD report. OCDE (2024), Taxing Wages 2024 : Tax and Gender through the Lens of the Second Earner, Éditions OCDE, Paris, https://doi.org/10.1787/dbcbac85-en. EndNote, Zotero, BibTeX, RefWorks, Procite, Import into RefWorks, Mendeley ​Read on Line​ ​Download this book​ ​Buy this bookAbout this report….This annual publication...

Annual increase in labour costs at 3.4% in euro area

​In the fourth quarter of 2023 the hourly labour costs rose by 3.4% in the euro area and by 4.0% in the EU, compared with the same quarter of the previous year. These figures are published by Eurostat, the statistical office of the European Union.Hourly wage costs across countries In the fourth quarter of 2023 compared with the same quarter of the previous year, the...

First green light to new bill on firms’ impact on human rights and environment

​On Tuesday, (19/03/2024), the Legal Affairs Committee approved a bill, agreed with EU governments, requiring firms to mitigate their negative impact on human rights and the environment. MEPs on the Legal Affairs Committee adopted with 20 votes for, 4 against and no abstentions new, so-called “due diligence” rules, obliging firms to alleviate the adverse impact their activities have on human rights and the environment, including...