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The Latest Breaking News from OECD

When it comes to taxing the super rich, there’s no need to reinvent the wheel

Any new tax on the rich won’t raise much money unless many of the exceptions and loopholes are dealt with

The Guardian - US

Spain removes Gibraltar from its tax haven list after 35 years, adds Russia

The Spanish Ministry of Finance has updated its list of non-cooperative jurisdictions, removing Gibraltar after 35 years and adding Russia, in line with the European Union's position

Euronews

Immigration Has Fueled Growth Across Wealthy Nations for Decades, Study Concludes

A rise in immigration equivalent to 1% of a country's population was associated with a 1.2% increase in GDP per worker within five years and a 1.9% increase after a decade, according to a new paper.

International Business Times

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Customs Department bans rewards for its executives

The Customs Department is cancelling reward money for its executives from seizures of smuggled goods and imports that violate tariffs to prevent conflicts of interest, says director-general Phantong Loykulnanta.

Bangkok Post

Are algorithms unfairly screening out immigrant job applications?

Canada’s new artificial intelligence strategy, AI for All, presents an ambitious vision for the country’s future. Artificial intelligence, the federal government argues, can boost productivity, strengthen competitiveness and create opportunity across the economy.

The Conversation

JP Morgan lowers Brent crude price forecast for second-half 2026

J.P. Morgan has updated its Brent crude oil price forecast for 2026, lowering expectations due to unexpectedly weaker inventory draws and a decline in oil demand. The bank now estimates Brent prices will average $86 in Q3 and $80 in Q4, finishing the year at $78. This downward revision arises…

The Economic Times

Rules before resources: Europe’s investment agenda for Central Asia

European officials and financial institutions attending the Tashkent International Investment Forum highlighted regulatory stability, project preparation and cross-border connectivity as essential conditions for future investment.

Euronews

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Ukraine-Russia war latest: Zelensky threatens Kyiv will pre-emptively attack Putin’s facilities linked to war

Trump says 'courageous' Zelensky is 'doing pretty well' in the war against Russia

The Independent UK

Investment policy talks amid new top-up tax

The Finance Ministry is to meet relevant state agencies to discuss investment promotion following Thailand's introduction of a top-up tax measure, said a ministry source who requested anonymity.

Bangkok Post

Minister pressed to go after Big Tech over tax instead of small debtors

Chlöe Swarbrick asks why Inland Revenue is pursuing small companies while multinationals face no obvious crackdown. Alice Peacock reports

Newsroom.co.nz

OECD bid hinges on 'rule-of-law' fix

Thailand's bid to join the Organisation for Economic Co-operation and Development (OECD) is a crucial opportunity to address deep-rooted structural weaknesses, particularly rule-of-law shortcomings that undermine investor confidence and competitiveness, a forum was told.

Bangkok Post

OECD quest spurs reform

Thailand is undertaking one of the most ambitious legal and regulatory reform programmes in its modern history as the government seeks to secure membership in the Organisation for Economic Co-operation and Development (OECD) by 2028, says Deputy Prime Minister Pakorn Nilprapunt.

Bangkok Post

Thailand joining tax information sharing system

The cabinet has approved Thailand’s participation in an international tax information exchange framework to support adoption of the OECD-led global minimum tax on corporations.

Bangkok Post

China's subsidy edge poses biggest challenge to Make in India

As Indian manufacturers navigate the challenging waters of global trade, they find themselves increasingly overshadowed by Chinese businesses that enjoy significant state backing. An OECD report underscores the disparity, revealing that Chinese firms are often recipients of extensive subsidies, tax incentives, and affordable credit, which gives them a much-needed edge.

The Economic Times

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The Guardian - UK

Minister defends changes to UK workers’ rights against costs backlash

Kate Dearden says reforms such as enhanced sick pay simply bring UK into line with other big economies

International Business Times UK

Federal Test Data Shows US Students Are Still Behind Pre-Pandemic Levels in Maths and Falling Further Behind China

Federal data shows US 13-year-olds have not improved in maths or reading since 2023, remaining below pre-pandemic levels, while younger students show gains.

Euronews

The €3trn question: Can markets handle SpaceX, OpenAI and Anthropic all at once?

Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.

Bangkok Post

Govt ramps up UK trade ties to boost OECD bid

Thailand and the United Kingdom have agreed to strengthen trade and economic cooperation as Bangkok pushes ahead with its goal of joining the OECD by 2028, Commerce Minister Suphajee Suthumpun said.

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Axios

New forecasts lay out 2 rocky paths for global economy

Either path leaves the global economy worse off than before the war, with slower growth and hotter inflation.

Bangkok Post

Sihasak maps out vision at OECD meet

Foreign Affairs Minister Sihasak Phuangketkeow said competitiveness in the modern era is determined not merely by investment incentives but increasingly by workforce skills, innovation, regulatory quality, ease of doing business and policy stability.

AAP

US to uphold tariff caps in deals with EU, Japan: Greer

The US has struck deals with ‌the EU and Japan that limit US ⁠tariffs on most EU or Japanese imports to a maximum of 15 per cent.

Euronews

Global steel crisis deepens as oversupply reaches alarming levels, OECD warns

The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.

Fortune

OECD warns of 'scarring effects,' recession scenarios—but finds 'no signs of widespread labour displacement' from AI

The real problem for AI adoption, the global body says: "a lack of workers with digital skills emerging as a barrier to the adoption of AI technologies."

The Economic Times

Collapse is near: Trump's window to resolve Iran crisis closing fast

West Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil supplies. Economists warn of a significant economic shock if a US-Iran agreement remains elusive. This conflict threatens jobs and economic growth worldwide, particularly in Europe and Asia. The world…

International Business Times

OECD Cuts Global Growth Outlook As U.S.-Iran War Weighs On Economy, Energy Markets

The global economy is expected to slow this year as the fallout from the U.S.-Iran war continues to ripple through energy markets, trade routes and investment activity, according to the OECD.

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Ekniti Nitithanprapas

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Sihasak Phuangketkeow

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