Nations delay deal on digital tax to mid-2021 amid U.S.-Europe row
The countries originally aimed to release a final report by the end of the year, responding to criticism that tech companies are not paying their fair share of taxes.
OECD-wide jobless rate projected to reach 12.6% if pandemic resurges
Organization says economies need to employ strong recovery measures to weather the coronavirus fallout.
Global growth plunging into downturn over coronavirus, OECD says
The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the OECD warned, urging governments and central banks to fight back to avoid an even steeper slump. The global economy is set to grow only 2.4 percent this ...
No global digital tax by end of 2020 would mean chaos, France says
Failure to reach a global deal on where and how much to tax digital giants such as Google, Amazon or Facebook would result in many digital tax regimes emerging all over the world, France's finance minister said on Sunday. It would also likely trigger U.S. ...
Japan's labor productivity still lowest among G7 members in 2018
Japan's labor productivity remained the lowest among the Group of Seven countries in 2018, public interest foundation the Japan Productivity Center said Wednesday. Based on data from the Organisation for Economic Co-operation and Development, the group estimated the value of Japan's productivity in 2018 at ...
The world's poorest people, increasingly buffeted by storms, floods and droughts, have been getting less than 1 U.S. cent (¥1.1) a day each in international help to protect them from wild weather and rising seas as the Earth heats up, aid group Oxfam said ...
Non-workers aged 50-plus could make up 59% of Japan's population by 2050, OECD warns
People aged 50 or older and out of the workforce in Japan could increase by 29 percent from 2018, to 59 per 100 people, by 2050, straining public retirement schemes, the OECD said in a recent report that suggested reforms are needed. The Organisation for ...
Countries failing on climate face 'Green political muscle,' OECD chief says
Politicians who fail to act on climate change will pay the price electorally, the head of the Organization for Economic Co-operation and Development (OECD) said in a climate speech on Wednesday, criticizing some governments for going the wrong way. OECD Secretary-General Angel Gurria called out ...
Walking the talk on gender equality issues
On Friday in Osaka, Group of 20 leaders will convene to discuss the most pressing global challenges of our time, and that will include women's empowerment. Prime Minister Shinzo Abe's womenomics push has certainly impressed many, including myself, since it was announced six years ...
Japan's junior high school teachers face longest average working hours in OECD survey
The survey was conducted by the Paris-based institution from February to March 2018.
Foreign ministers of South Korea and Japan to meet in Paris on OECD sidelines
The foreign ministers of South Korea and Japan are scheduled to hold talks in Paris this week on the sidelines of a gathering of the Organisation for Economic Co-operation and Development, the South Korean Foreign Ministry said Tuesday. The talks between Kang Kyung-wha and Taro ...
Advocates fighting child labor come together in Tokyo ahead of Osaka G20 summit
Empowering workers, installing social protection programs and monitoring organizations to implement those programs are key points to reducing 152 million children engaged in child labor worldwide — more than half of whom work in hazardous conditions that put their health and development at risk. That ...
