OECD

International Monetary Fund (IMF) expects a further cut of its forecast for global growth next month, the third downgrade this year. The Fund's Director of Communications, Gerry Rice said the decision follows moves by the World Bank and…

President Muhammadu Buhari has faulted the nation’s current multiple and overlapping tax system saying it’s inefficient and creates uncertainty and instability. He therefore canvassed for efficient tax administration to boost the…

The French Finance Ministry has sent out notices to big tech companies liable for its digital service tax to pay the levy as planned in December, the ministry said on Wednesday. France suspended collection of the tax, which will hit…

The European Bank for Reconstruction and Development (EBRD) and the government of Ukraine are launching a joint initiative to improve the corporate governance of state-owned enterprises, starting with a pilot programme to…

The global economy could shed more than 1% of output if international talks to rewrite cross-border tax rules break down and trigger a trade war, the OECD said on Monday, after countries agreed to keep up negotiating to mid-2021. Nearly…

The global recession this year will not be as deep as expected as a result of countries’ efforts to counter the economic fallout from the coronavirus pandemic, the Organisation for Economic Co-operation and Development (OECD) said on…

Canada’s finance minister Bill Morneau announced his resignation Monday, on the heels of an ethics scandal and amid a reported split with Prime Minister Justin Trudeau over pandemic spending. Morneau, who has held the post since…

Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries. Slower growth will…

Britain’s economy shrank by a fifth in size during April as the coronavirus lockdown shuttered factories, offices and shops, official data showed Friday, stoking concerns over a painful recession. Gross domestic product nosedived by a…

Measures imposed to slow the spread of the coronavirus are pushing the world economy into a recession deeper and more painful than initially expected, even if a rebound is still on the cards for next year. A week before the…