Mr. Gurría was in Riga to attend ECOFIN and meet with several high-level officials.
The OECD and the EU have worked hand in hand over many years to tackle some of the greatest challenges on the international tax agenda. Working together to ensure the coherence of global tax rules is absolutely critical – for governments and for business, coherency improves effectiveness, increases efficiency and reduces unnecessary compliance costs.
Mr. Gurría exchanged views with members of the European Parliament Committee on Economic and Monetary Affairs and met with Mr. Klaus Welle, Secretary-General of the European Parliament.
Last time I addressed the Committee in November 2013, we were still in crisis mode. Two weeks ago, the OECD released its Interim Economic Outlook and it seems that the Spring of 2015 has brought encouraging signs for the global economy. Lower oil prices and widespread monetary easing have raised the potential for the acceleration of growth that is so needed in many countries, especially in Europe.
The OECD Secretary-General Gurría welcomed the announcement and congratulated the Commission for the work done. "The European Commission’s initiative is another major step to tackle corporate tax avoidance.
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This country note from Going for Growth 2015 for the European Union identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
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The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.
La faible croissance de la productivité dans l'UE a des causes structurelles profondes. Renforcer le capital humain, les incitations au travail et la concurrence et mieux intégrer le marché unique amélioreraient la croissance bénéficiant à tous
Améliorer l’économie de la zone euro requiert un nettoyage des bilans bancaires, l’achèvement de l’union bancaire pour favoriser une évaluation sans biais des risques, plus de réformes structurelles et de solides cadres de politique budgétaire.
Fiscal consolidation has made much progress, but government debt in many countries is still too high. Continued consolidation is needed, but without losing sight of the need to support inclusive growth and job creation, said OECD Secretary-General Angel Gurría.