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Economy 07 Mar 2019 | 12:00 AM

OECD cuts global outlook again, warns worse may be ahead

PARIS: The global economy is suffering more than expected from trade tensions and political uncertainty which are clouding prospects particularly in Europe, according to a gloomy report from the Organisation for Economic Cooperation and Development (OECD).

Corporate News 20 Oct 2017 | 12:00 AM

Increasing transparency

THE Organisation for Economic Cooperation and Development (OECD) defines base erosion and profits shifting (BEPS) as tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity in those locations.

Business 25 Oct 2016 | 12:00 AM

OECD: Indonesia must signal tax amnesty won’t be repeated

MUMBAI: Indonesia’s government must make it clear to errant taxpayers that an amnesty programme, which has revealed almost US$300bil in undeclared assets, is the last chance to fix their affairs before full penalties are applied, the Organisation for Economic Cooperation and Development said.

Business 23 Aug 2010 | 12:00 AM

Israel gets okay to join OECD

JERUSALEM: Israel's cabinet on Sunday approved the country joining the Organisation for Economic Cooperation and Development (OECD).

Business 25 Aug 2009 | 12:00 AM

S’pore signs tax deal with Britain

SINGAPORE: Singapore and Britain signed a new double-taxation treaty yesterday, bringing the city-state towards meeting Organisation for Economic Cooperation and Development standards on exchange of information, Singapore's Finance Ministry said.

Business 07 Apr 2009 | 12:00 AM

Experts: Blacklisting of Malaysia a technical issue

Blacklisting of Malaysia by the Organisation for Economic Cooperation and Development (OECD) and G-20 as an uncooperative tax haven is a serious issue and needs to be resolved but the allegation is based on quite a technical point, say Malaysian tax experts.

Business 11 Apr 2009 | 12:00 AM

Black eye over blacklist

Errol Oh laments that Malaysia did not act earlier to avoid the now-rescinded blacklisting by the Organisation for Economic Cooperation and Development

Business 21 Jun 2011 | 12:00 AM

OECD chief says nuclear energy still important

SEOUL: Nuclear power is still a viable source of global energy despite the crisis in Japan, according to the Organisation for Economic Cooperation and Development (OECD) chief.

Business 22 Mar 2008 | 12:00 AM

US economy halting, says OECD

US economic growth is grinding to a halt, stung by what could be the worst housing slump on record, the Organisation for Economic Cooperation and Development said on Thursday.

Business 30 Jun 2004 | 12:00 AM

OECD: China tops US in foreign direct investment

China has passed the United States as the recipient of the most foreign direct investment, luring US$53bil from developed countries in 2003, according to the Organisation for Economic Cooperation and Development (OECD).