Industry News

OECD's Current Tax Agenda

Thursday April 14th, 2011

Category: International Issues, Tax Co-operation

The OECD has released its annual publication, “OECD’s Current Tax Agenda”, outlining its program of work on tax issues.

OECD Secretary General Angel Gurría says “The OECD works to develop better policies for better lives, and tax policy has a key role to play in achieving this objective. The OECD’s analytical work in the tax area is designed to help governments in the aftermath of the economic crisis by supporting their efforts to restore growth, stimulate employment and innovation, achieve fiscal consolidation and enhance the competitiveness of their economies." He continues, “Our tax policy work also contributes to the removal of barriers to international trade and investment, and reinforces government efforts to address climate change, foster domestic resource mobilisation, promote corporate governance, and counter money laundering, corruption and other financial crimes.”

The Tax Agenda speaks to the OECD’s commitment to engaging with the business community and civil society in order to develop and implement tax-related initiatives. It also notes studies lending support to the view that high corporate tax rates deter economic growth, and sets out “hot” topics on tax, including tax and development and proposals such as country-by-country reporting.

The Global Forum on Transparency and Exchange of Information for Tax purposes today issued additional reports that assess its members’ ability to stop international tax evasion. The Forum now has 101 members and expects more countries to join soon. It was established under the umbrella of the OECD, in response to the G20 call for countries to adopt international standards of transparency and information exchange in tax matters,