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 ....