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The Latest Breaking News from OECD

PwC urged Labor to delay multinational tax transparency laws, Senate submissions reveal

The firm joined the other big four consultancies in calling for the world-leading regime to be postponed or watered down

The Guardian - AU

Which states have the highest and lowest adult literacy rates?

Although literacy varies across states, the average literacy rate of the US hasn’t changed since 2012.

USAFacts

Rise in UK company profits puts Bank’s stance on prices under scrutiny

Figures give fuel to claims that profiteering has played a big part in the UK’s high levels of inflation

The Guardian - UK

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Boosting maternity leave payments would help the economy, not just parents

Increasing the rate of paid maternity leave, so it is tied to prior earnings, rather than just increasing the time off work, could lead to better and fairer outcomes for Australian families.

The Conversation

Labour's promise of paid parental leave for partners is 'the right thing to do' – but NZ could still do better

By introducing four weeks of paid parental leave for partners if re-elected, the Labour Party would move New Zealand out of an undesirable and tiny club of OECD nations. Only the United States and Israel would then not offer something similar after the birth (or adoption) of a baby.

The Conversation

Tax rises and subsidy cuts behind drop in UK household incomes, says OECD

UK in bottom half of income table across 38 rich nations as US and Italy see growth but Canada, France and Germany decline

The Guardian - UK

Western firms still doing business in Russia finance the war – here's how to recoup the huge cost to taxpayers

In Russia this summer, you can still enjoy a Cornetto, but you can forget about eating a Tunnock’s tea cake or a Big Mac. This is because Cornetto’s UK-headquarted parent company, Unilever, is still operating in Russia after its invasion of Ukraine, alongside many other western firms such as PepsiCo.

The Conversation

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Kenya is going digital to boost tax revenue – there are lessons to learn from other African countries

Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower share than the 33.5% in OECD economies.

The Conversation

How debt has morphed into a new form of work for women

“I spend my time managing and racking up debt. How do you expect me to work?” (Pushpurani)

The Conversation

Why is America going backward?

America is the greatest economic and military power in world history — and our quality of life is garbage. But why?

Salon

Israel’s Natural Gas Revolution Saves Economy Billions

An in-depth study reveals over NIS 316 billion ($86.7 billion) in savings over the past decade.

Zenger

Unemployment benefits safety net ‘torn apart’ by Tories, claims SNP

The party analysed OECD data to determine that the UK’s benefits lag behind other European countries.

The Independent UK

When Christmas comes so do the kilos. New research tracks Australians' yo-yo weight gain

As we revel in much-cherished festive occasions and weekly get-togethers, Australians are unwittingly bearing an increasingly heavy cost – an expanding waistline.

The Conversation

Taking GST off food would be a big mistake

Once you grant an exemption for one worthy-sounding thing, it is hard to resist the call for more. It would be much better to achieve progressivity by adjusting income tax rates

Newsroom.co.nz

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The Guardian - UK

Hundreds of millions in UK aid returns to Treasury in VAT on asylum hotel bills

Exclusive: Payments underline absurdity of counting British accommodation as aid, say critics, and cost of application backlog

Newsroom.co.nz

The Week in Detail: Productivity, political slogans, and Healthy Homes

The Detail podcast brings you the issues behind the news every weekday. Here's what we covered this week.

The Guardian - AU

Heavy on the rhetoric, light on facts: campaign against net zero fields familiar tropes

Claiming ‘woke hysteria’ is driving policy, lobby group Advance Australia makes a series of claims by the usual suspects that are easily debunked

Newsroom.co.nz

New Zealand's dangerous productivity slide

Our country's productivity problem isn't just a cultural quirk – it means we miss out when it comes to competition and trade opportunities.

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The Guardian - AU

‘Where is the accountability?’: Indigenous children bear the brunt of Australia’s unequal education system

In the Northern Territory, the failure to implement the Gonski funding reforms has left students with the fewest resources further disadvantaged

The Conversation

High drug prices in Canada are just one side of a bad equation

The Canadian health-care system is under pressure as service levels decline while costs escalate. Drugs are one of our largest health-care expenditures. A federal agency, the Patented Medicine Prices Review Board (PMPRB), is supposed to control drug prices for Canadians.

AAP

Employees with disability tiny fraction of senior staff

Australia has one of the lowest employment rates for people with disability in the OECD and the Business Council believes the untapped talent is an opportunity.

The Hindu

India to push G-20 to raise MNC tax share

India to push for higher share of taxes from multinationals at Finance Ministers and central bankers meeting in Gujarat; seeks de-linking of withholding tax from excess profit tax principle.

The Guardian - AU

Private school funding increased twice as much as public schools’ in decade after Gonski, data shows

Exclusive: government funding since landmark education review released ‘has gone to those least in need’, says national convenor of Save Our Schools

The Guardian - UK

AI revolution puts skilled jobs at highest risk, OECD says

Law, medicine and finance sectors could be among most affected, according to organisation’s employment outlook

The Conversation

Australia's 'retirement age' just became 67. So why are the French so upset about working until 64?

Since Saturday, Australians have been required to wait until the age of 67 until they can get the age pension.

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