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The Latest Breaking News from OECD

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

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

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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

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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

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

The Guardian - UK

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.

Newsroom.co.nz

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

The Guardian - AU

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.

Newsroom.co.nz

‘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 Guardian - AU

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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

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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.

The Conversation

University is expensive – how a mid-course work placement can help with costs and careers

Students are struggling financially. A 2022 survey from the Office for National Statistics found that half of students in England felt they were facing financial difficulties, and that one-quarter of students had borrowed more to cope with the cost of living crisis. In England, tuition fees for bachelor’s programmes are…

The National (Scotland)

UK worst in G7 at curbing inflation, analysis finds

THE UK is the least successful country in the G7 at curbing inflation, new analysis has concluded.

The Conversation

How childcare subsidies can reduce the gap between mothers’ and fathers’ career paths – for this generation and the next

More than 80% of women in England and Wales will become mothers at some point during their working lives, according to OECD figures. Most of these women will have two children around two or three years apart, spending at least 20 years of their adult lives with a child under…

Newsroom.co.nz

Beyond the Soap Box: NZ's medication funding blind spot

Dr Fiona Imlach argues it’s time for politicians to realise the full impact of NZ’s fourth-highest cause of disability, and fund accordingly.

StockNews.com

3 Stocks to Own as Alzheimer's Drugs Bring Relief

The number of people with dementia, including those with Alzheimer's disease, are projected to increase from 50+ million now to more than 150 million in 2050, according to Alzheimer's Disease International. Those sheer numbers will mean that investors in certain stocks, producing Alzheimer's drugs to combat the disease, are poised…

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