Jeffrey Owens summarises some of the key challenges facing the OECD tax team.
The following summarises some of the key challenges facing the OECD tax team in 2011/12.
Promoting pro-growth tax reforms
When the tax burden reaches on average 36% of GDP in the OECD area it’s important to look for ways in which tax systems can be redesigned to minimise their impact on long-term growth. This has long been a preoccupation of the OECD and we set out some guidelines on how governments could achieve pro-growth tax reforms (Tax Policy Reform and Economic Growth 2010 see lexisurl.com/PLUvj). Corporate taxes were found to be most harmful for growth followed by personal income taxes and...
