The OECD is urging Japan to hike its sales tax to 26 percent in place of a planned increase to 10 percent this year, despite concerns that such a dramatic move could stifle consumer activity and hurt Japan's already-fragile economic growth.
Related topics: Japan, Taxes
Across Western Europe and North America, the middle class is shrinking, according to a new report by the OECD. With each new generation, a smaller share of the population find themselves earning middle incomes.
When the Baby Boomers, who were born...
As capitalism continues to lift millions of people out of dire poverty around the world, ironically, the most advanced nations are mired in an era of stagnation that has inflamed populists on the left and right and revived the specter of socialism,...
The middle class is getting squeezed and it is the millennial generation above all that is bearing the brunt, the OECD said, urging action to help households struggling with the rising cost of education and housing as incomes stagnate.
James Gustave SpethIn a comparison with nineteen other OECD countries, thought to be our peers, it is clear that it is the United States that has some serious catching up to do. Now, writes Speth, it is time for the nation to decide what it...
The OECD has released results from a survey of 22,000 people in 21 countries regarding their views of government social programs.
Governments in the high-income OECD countries hand out more subsidies than ever, yet many people feel that they are not...
Related topics: Polls
I was a little surprised to see a news report about Andreas Schleicher, the director of education and skills at OECD — the Organization for Economic Cooperation and Development. Speaking at the World Innovation Summit for Education in Paris,...
Related topics: France, Paris
The OECD predicts lower growth than last year, from China to North America.
Related topics: China
Andreas Schleicher is a German data scientist—tall and precise with a grey mustache and a steely gaze. The head of the education division at the Organisation for Economic Cooperation and Development (OECD), he gives off an impression of determined...
Developed countries need to "urgently" boost adult training and education programmes to deal with future mass job upheaval brought on by automation, the OECD said Wednesday.
BRUSSELS (Sputnik) - The Organization for Economic Cooperation and Development (OECD) has announced an agreement that could pave the way for a new system of taxation in the world where more and more companies are able to reach customers across the...
Related topics: Taxes, Belgium, Brussels
An analysis looked at real estate data from 36 developed countries of the OECD and calculated where you'll get the most home for the least money.
Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.
Related topics: Australia, Banking
As OECD strikes positive note on prospect of global consensus Hopes that European countries will imminently agree on measures for a digital services tax are foundering – but G20 nations have been told a global consensus is still possible by...
Related topics: Taxes
The Organisation for Economic Co-operation and Development (OECD) issued its forecast for the global economy. The widely regarded agency reported worldwide GDP growth has peaked and will start to...
South Korea continues to have one of the highest rate of suicide among developed nations, sparking actions plans from the government in Seoul to tackle the issue.
Recent findings from the Organization for Economic Cooperation and Development...
Related topics: South Korea, Seoul
The economic well-being of British households has fared far worse than other major economies over the past two years, the period since the UK voted to quit the European Union, according to the OECD.
To get a better picture of personal finances, the...
Related topics: United Kingdom
The Organization for Economic Cooperation and Development is warning that the world's consumption of raw materials will rise sharply, putting greater pressure on the environment.
MOSCOW (Sputnik) - The lack of concrete steps would show that the blacklist of "golden passport" schemes by the Organisation for Economic Co-operation and Development (OECD) is "only a tool to name and shame" the states included, member of the...
Related topics: Russia, Moscow
Not *our* David Henderson, but the British economist David Henderson passed away at age 91. Len Shackleton has an obituary on the Institute of Economic Affairs’s website. Henderson long worked for the OECD and, after that, became an active...