Pace of tax reform has 'slowed', OECD finds

10 Sep 2019

A new report published by the Organisation for Economic Co-operation and Development (OECD) has found that the pace of tax reform has 'slowed across multiple economies'.

The report suggested that fewer countries have introduced comprehensive tax reform packages in 2019 compared to previous years.

According to the OECD, corporate tax rate cuts have 'continued across countries', but they have proved to be 'less significant' than the ones implemented in 2018.

A number of countries have continued to lower personal income taxes, the report found. It also revealed that some countries have expanded tax incentives in order to support pension savings and small savers.

'At a time when countries are facing many significant challenges, such as weakening economic growth, ageing populations, income and wealth inequality, and the changing nature of work and climate change, the appetite for growth-enhancing, structural tax reforms seems to be waning,' said Pascal Saint-Amans, Director of the OECD's Centre for Tax Policy and Administration.

'In the face of these challenges, it is clear that bolder action is needed.'

Register for our newsletter

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Register

Weston-super-Mare

34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

01934 415022

Cheddar

Bath Street
Cheddar
Somerset
BS27 3AA

01934 743274


Home | Contact us | Accessibility | Disclaimer & Privacy Policy | Help | Site map |

© 2020 Four Fifty Partnership. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be found at auditregister.org.uk under the reference C001092613.

"four fifty partnership" is a trading name of Four Fifty Partnership Limited. Registered in England. Company Number 5032008. Registered Office 34 Boulevard, Weston super Mare, Somerset BS23 1NF.

Directors: Richard Acreman BSc CTA, Joy Boswell FCCA FCA, Peter Ison BA FCA and Nick Gravell FCCA FCA.

Professional Indemnity Insurers: Nexus Underwriting Limited 52-56 Leadenhall Street, London EC3A 2EB (Policy Number: BC6210PIA194). The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.