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  • 30-October-2023

    English

    Reforms needed to production and market-distorting policies as agricultural support reaches record highs

    Total support to agriculture reached record levels of USD 851 billion per year during 2020-22 for the 54 countries covered by a new OECD report, as governments sought to shield consumers and producers from global crises and high inflation. Just under half of this government support was in the form of measures with the greatest potential for market distortions, such as border tariffs and subsidy payments based on output.

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  • 26-October-2023

    English

    Further reforms needed in Australia to improve gender equality and meet climate ambitions

    Australia recovered from the COVID-19 pandemic faster than other major economies, but growth is now slowing amid tightening financial conditions. To bring inflation down, monetary policy will need to remain restrictive and further windfall government revenues from elevated commodity prices be saved, according to a new OECD report.

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  • 25-October-2023

    English

    Spain should boost productivity and improve opportunities for young people

    Strong government support to businesses and households has helped Spain weather the effects of the COVID-19 pandemic, and of rising energy and food prices brought by Russia’s war of aggression against Ukraine. Policy should now focus on rebuilding fiscal space, raising productivity and reducing social disparities, including by creating more opportunities for young people.

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  • 23-October-2023

    English

    International migration flows to OECD countries and labour market outcomes of immigrants at record highs

    Permanent migration to OECD countries reached 6.1 million in 2022, a 26% increase compared with 2021, and its highest level since at least 2005. 15 out of the 38 OECD countries registered in 2022 their highest levels of permanent migration over the past 15 years. Rising labour migration was one contributing factor, as migrant workers have helped lower labour and skills shortages in OECD countries.

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  • 20-October-2023

    English

    Media Advisory - OECD Economic Survey: Australia 2023

    The OECD will release a new Economic Survey of Australia on Friday 27 October. The Survey examines Australia’s economic performance in the face of global and internal challenges, including high inflation and fiscal pressures on the horizon due to population ageing and climate change. Two special chapters look at policies to reduce gender inequalities and achieve the climate transition.

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  • 19-October-2023

    English

    While important legislative and institutional framework enhancements are welcomed, Canada must boost its efforts to fight foreign bribery, says the OECD Working Group on Bribery

    Canada has undertaken important legislative reforms to enhance its foreign bribery framework since 2011, including the Remediation Agreement (RA), a non-trial resolution mechanism introduced in 2018. Despite these commendable efforts, Canada’s enforcement of the foreign bribery offence remains low.

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  • 19-October-2023

    English

    Brazil must make urgent key reforms to build on its recent progress in the fight against foreign bribery, says the OECD Working Group on Bribery

    Brazil has sanctioned large-scale foreign bribery schemes through non-trial resolutions with three legal persons, including as part of one of the most prominent multi-jurisdictional resolutions to date involving foreign bribery allegations. While the Working Group commends Brazil for this success, nevertheless Brazil has only a limited number of enforcement proceedings still ongoing.

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  • 11-October-2023

    English

    OECD/G20 Inclusive Framework releases new multilateral convention to address tax challenges of globalisation and digitalisation

    The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (Inclusive Framework) has released the text of a new multilateral convention that updates the international tax framework to co-ordinate a reallocation of taxing rights to market jurisdictions, improve tax certainty, and remove digital service taxes.

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  • 3-October-2023

    English

    International community adopts multilateral convention to facilitate implementation of the global minimum tax Subject to Tax Rule

    The OECD/G20 Inclusive Framework on BEPS has concluded negotiations on a multilateral instrument that will protect the right of developing countries to ensure multinational enterprises pay a minimum level of tax on a broad range of cross-border intra-group payments, including for services.

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  • 3-October-2023

    English

    Consumer Prices, OECD - Updated: 3 October 2023

    With a slowing decline in energy prices, OECD headline inflation rises to 6.4% in August 2023

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