OECD

According to the OECD

The U.S. and Turkey announced on Nov. 22 an agreement on the transition from existing Digital Services Tax to a new multilateral solution agreed by the OECD-G20 inclusive framework. 

Turkey's Ministry of Treasury and Finance said the grey listing of the country on Oct. 21 by the Financial Action Task Force (FATF) was unfair.  

"Despite coordination studies, putting our country on the grey list has created a result that is unwarranted," the ministry said in a statement. 

A global push to enact a minimum international tax on big corporations moved closer to reality on Oct. 8 as one of the last holdouts, Hungary, agreed to join a reform that now counts 136 countries.

The OECD-brokered deal, which sets a global tax of 15 percent, is aimed at stopping international corporations from slashing tax bills by registering in nations with low rates.

The new Secretary General of the Organization for Economic Co-operation and Development (OECD), Australian Matthias Corman, is proposing that six countries, including Bulgaria and Brazil, join the club of rich countries at the same time, Reuters reported, citing two people familiar with the matter.

The Organisation for Economic Co-operation and Development (OECD) issued a warning saying that the "uneven" global economic recovery provokes worse forecasts related to global economy. OECD lowered its 2021 growth forecasts for the world, including pessimistic expectations about US. Still the Organisation raised the outlook for Europe, EPA reported.

Serbia is among several countries that have misused legislation passed to meet Financial Action Task Force, FATF, standards to combat money laundering and terrorism financing to investigate critical voices and NGOs, Reuters reported on Thursday.

In the 1960s Greece had an annual growth rate of six or seven percent and was treated by the OECD as a state that was a model of economic growth.

One might have called it a European tiger, a small version of the Asian tigers of the 1990s.

Programme for International Student Assessment (PISA) pretesting ended the other day, and the final result of Romania's participation is 94.69%, said on Thursday Education Minister Sorin Cimpeanu, who underlined the importance of international comparative evaluations, specifying that 4 million lei have been allocated this year to support these studies.

Germany's Finance Minister expressed his support for Romania being invited to join the Organization for Economic Cooperation and Development (OECD), Romanian Finance Minister Alexadru Nazare wrote on Facebook on Friday.