Organisation for Economic Co-operation and Development (OECD)

The OECD was established in 1961 and is headquartered in Paris, France.

  • It consists mainly of developed economies and works to promote economic growth, policy coordination, and global standards.
  • It provides data, policy analysis, and recommendations on global economic issues.
  • The OECD-led Global Minimum Tax framework (Base Erosion and Profit Shifting – BEPS) includes:
    • Pillar 1 - Reallocation of taxing rights to market countries
    • Pillar 2 - Minimum 15% corporate tax globally
  • Implementation challenges remain due to differences among countries and concerns of developing nations like India regarding revenue ....
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