What is the role of the Organisation for Economic Co-operation and Development (OECD)?

The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organization that works to promote economic growth and development, as well as social and environmental progress. The OECD is made up of 37 member countries, including the United States and the European Union. In regards to international tax law, the OECD provides guidance for countries in their approach to taxation. The OECD sets standards for tax policy, provides guidance on preventing abuse of the international tax system, and helps governments ensure that their tax systems are consistent with international norms and best practices. The OECD also assists countries in exchanging tax information, providing support in tax negotiations, and developing new tax systems. Furthermore, the OECD’s understanding of international tax issues can provide invaluable insights for Minnesota when it comes to understanding how its tax policies could be applied globally. Ultimately, the OECD is an important tool for Minnesota to help ensure that its international tax policies are in line with global norms and standards.

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What is the role of the Organisation for Economic Co-operation and Development (OECD)?

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