Category: OECD
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Israel has second highest poverty rate in OECD
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In Israel in 2023, there were 1.98 million Israelis living below the poverty line, as defined by the National Insurance Institute, according to the OECD’s Poverty and Social Gaps Index published today. The poverty rate in Israel decreased very slightly from 20.8% in 2022 to 20.7% in 2023. Relative poverty…
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OECD undercuts Treasury growth forecasts
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The Organization for Economic Cooperation and Development issued its semi-annual report on the state of the global economy, and revised its growth forecasts for Israel downward. The new forecasts are more pessimistic than the expectations of the Bank of Israel and the Ministry of Finance regarding growth and fiscal deficit.…
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‘Significant action’ needed to stabilise UK finances, warns OECD
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The OECD has warned that “significant action” is needed to stabilise the UK’s public finances, and urged Chancellor Rachel Reeves to reform fiscal policy. The OECD recommends abolishing stamp duty, reducing the triple pension lock and modernising the council tax system. The report highlights the growing financial pressures from healthcare,…
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New Zealand Adopts OECD Crypto Reporting Framework
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In a significant development for New Zealand’s cryptocurrency landscape, the country’s Revenue Minister Simon Watts has introduced a new tax bill that seeks to implement the Crypto Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD). The move aims to enhance tax compliance and transparency…
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OECD cuts Israel’s growth forecast
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The Organization for Economic Cooperation and Development says the Israeli economy will grow by 1.9% in 2024 and 4.6% in 2025 in its latest report on the global economy. Before the war, the OECD forecast economic growth of 3.3% this year in Israel. The OECD’s latest forecast is lower than…