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 international organization with a mission to promote economic growth and development around the world. As a global organization, the OECD is uniquely positioned to create and oversee international tax standards. The OECD is commonly known for creating and enforcing international tax law, including rules and standards that must be followed by member countries. These standards are designed to promote fair and equal taxation, as well as to prevent tax avoidance and evasion. The OECD works to ensure that each country pays its fair share of taxes, and that businesses do not exploit loopholes within a particular country’s tax system. The OECD also addresses other important taxation issues, such as digital taxes, international double taxation, and corporate tax avoidance. The organization is actively involved in negotiations between countries to resolve international tax disputes, and it regularly produces reports and studies on the subject. In New York, the OECD works closely with the state government to develop and implement international tax law that is tailored to the needs of New York businesses and citizens. By working together, the OECD and New York are able to ensure that taxpayers are treated fairly and that the state has a robust, comprehensive tax policy that can help promote economic growth.
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