Arrival and coffee

Welcoming remarks

Anthony Gooch, Director of Public Affairs and Communications, OECD

Update on Energy Markets in context of the war in Ukraine

Fatih Birol, Executive Director, International Energy Agency

Discussants:
Martin Exner, Member of Parliament, Czech Republic
Ahmet Yildiz, Member of Parliament, Turkey (NATO PA)

Coffee break

[Event via broadcast] Economic and Social Impacts and Policy Implications of the War in Ukraine

Mathias Cormann, OECD Secretary-General
Laurence Boone, Chief Economist, Head of the Economics Department and Deputy Secretary-General, OECD

An update on the labour market and health situation in OECD countries and the humanitarian crisis in Ukraine

Stefano Scarpetta, Director for Employment, Labour and Social Affairs, OECD

Discussant: Pedro Roque, Member of Parliament, Portugal

The presentation provided evidence on the labour market and health system recovery, which is well-underway but incomplete. It also covered early findings on the humanitarian crisis in Ukraine with a focus on the significant number of refugees who have left Ukraine and crossed the border into neighbouring countries, and the different steps that countries are taking to respond. Policy recommendations were also shared on responses to digitalisation, the green transition and other transformative megatrends, to guard against negative social and labour market impacts.

• See the speaker's presentation (PDF)

Group photo

Lunch

Q&A on Economic and Social Impacts and Policy Implications of the War in Ukraine

Laurence Boone, Chief Economist, Head of the Economics Department and Deputy Secretary-General, OECD

How the OECD can help you meet your COP26 commitments

Ingrid Barnsley, Deputy Director, Environment, OECD

Discussants:
Tadahiko Ito, Member of Parliament, Japan
Brian Leddin, Member of Parliament, Ireland

COP26 represented a landmark moment for multilateral progress on climate change. It succeeded in keeping the 1.5 degrees goal within reach and shone a spotlight on the need for near-term action for both climate adaptation and mitigation. As a multi-disciplinary intergovernmental organisation, the OECD is well placed to support countries achieve the commitments made at COP26 and, more broadly, in the Paris Agreement. This session will be the opportunity to highlight key OECD contributions in the lead up to COP26, and future initiatives that the OECD will implement to support countries in achieving their climate goals.

• See the speaker's presentation (PDF)
• OECD (2021), The Annual Climate Action Monitor: Helping Countries Advance Towards Net Zero, OECD Publishing, Paris
• OECD (2021), Managing Climate Risks, Facing up to Losses and Damages, OECD Publishing, Paris
• OECD (2021), Climate Finance Provided and Mobilised by Developed Countries: Aggregate Trends Updated with 2019 Data, Climate Finance and the USD 100 Billion Goal, OECD Publishing, Paris

Coffee break

COVID, technology and climate change: How are societal trends shaping the future of education?

Andreas Schleicher, Director for Education and Skills and Special Advisor on Education Policy to the Secretary General

Discussants:
Marianne Sivertsen Næss, Member of Parliament, Norway 
Lukas Savickas, Member of Parliament, Lithuania

• See the speaker's presentation (PDF)

Welcome reception

Arrival and coffee

Emerging from the crisis - Trade challenges and opportunities to ensure well-functioning global markets and a global level playing field

Marion Jansen, Director for Trade and Agriculture, OECD

Discussant: Liam Byrne, Member of Parliament, United Kingdom; Chair, Parliamentary Network on the World Bank and the IMF

• See the speaker's presentation (PDF)

A conversation with OECD Secretary-General Mathias Cormann

Break

Special session of the Parliamentary Group on Tax

Working lunch: The global tax agreement on addressing the tax challenges of the digitalisation of the economy - Update on implementation

Pascal Saint-Amans, Director, Centre for Tax Policy and Administration, OECD
David Bradbury, Head of Tax Policy and Statistics Division, Centre for Tax Policy and Administration, OECD

Implementation in action: view from the European Union
Aurore Lalucq, Member of the European Parliament

Discussant: George Katrougalos, Member of Parliament, Greece; Member of PACE, Rapporteur on “Fighting fiscal injustice: the work of the OECD on taxation of digital economy”.

In October 2021, following years of negotiations, 137 countries and jurisdictions, representing 94% of global GDP, reached a landmark agreement, based on a two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. The Two-Pillar Solution will ensure that multinational enterprises (MNEs) will be subject to a minimum tax rate of 15%, and will re-allocate USD 125 billion profit of the largest and most profitable MNEs to countries worldwide. In order to ensure a swift implementation, the countries/jurisdictions also agreed to a Detailed Implementation Plan, containing ambitious deadlines to complete work on the rules and instruments needed to bring the Two-Pillar Solution into effect. More than five months after the agreement, the implementation phase is now well underway. This session will outline the latest developments and provide an overview of upcoming deadlines and milestones. 

Coffee break

Focus on Pillar 1 implementation

Achim Pross, Head of International Co-operation and Tax Administration Division, Centre for Tax Policy and Administration, OECD 

Pillar One aims to ensure a fairer distribution of profits and taxing rights among countries with respect to the largest MNEs. It also includes features to ensure dispute prevention and dispute resolution to address risks of double taxation and provides for the removal of Digital Services Taxes (DST) and other relevant, similar measures to bring an end to trade tensions and help stabilise the international tax system. As the work progresses, the Inclusive Framework is consulting stakeholders on a number of issues in ongoing public consultations, to agree outstanding technical details. 

Focus on Pillar 2 implementation

Félicie Bonnet, Adviser, Mutual Agreement Procedures, Centre for Tax Policy and Administration, OECD
Jeff Mitchell, Adviser, Centre for Tax Policy and Administration, OECD

Discussant: Ruedi Noser, Member of Parliament, Switzerland

Pillar Two puts multilaterally agreed limitations on tax competition through the introduction of a global minimum corporate tax rate that countries can use to protect their tax bases. Under Pillar Two, the global minimum tax, with a rate of 15%, is expected to generate around USD 150 billion in new tax revenues globally. The first element of Pillar Two was delivered in December 2021, with the adoption and publication of the model rules, known as the Global Anti-Base Erosion (GloBE) rules, followed by the Commentary published on 14 March. With the completion of the technical work on the GloBE rules and Commentary, Inclusive Framework members have now turned to the development of an Implementation Framework, which will shortly be opened to public consultation for input from stakeholders.

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15.30 – 15.45                  

Closing and next steps

Anthony Gooch, Director for Public Affairs and Communications, OECD