Brazil and Argentina Seen Joining OECD as Group Seeks to Expand, Barriers Between Nations Fall Down (3)

Event Summary by Mathew Carr

Oct. 5-6, 2021 — OECD said six countries are willing to join its grouping and abide by its standards and values: Mathias Cormann, the sixth Secretary-General of the OECD.

Countries to include Argentina, Brazil, Bulgaria, Croatia, Peru and Romania; OECD needs to deal with their applications to join: Cormann

Carbon pricing and tax rules will align networks of nations and ensure they do their fair share and progress toward net-zero emissions: Cormann

The new global economic system needs to deal with inequity among and within nations: Antony Blinken, the 71st United States secretary of state, speaking at the OECD.

A shared approach on taxation will stop a damaging “race to bottom” between nations: Blinken

AI will help trade that respects human rights: Blinken

It’s 60 years since the founding of the OECD.

PRESS DUBLIN (Reuters) Oct. 5 — An updated draft of the Organisation for Economic Co-operation and Development’s (OECD) overhaul of global corporate tax rules has cut the phrase “at least” from a proposed minimum rate of “at least 15%”, Irish national broadcaster RTE said on Tuesday. https://www.reuters.com/article/global-tax-rate/oecd-global-tax-deal-drops-at-least-from-new-minimum-rate-rte-idUSKBN2GV1FD

(Adds all six nations; details from Blinken)

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