OECD

The Organisation for Economic Cooperation and Development (OECD) on Thursday projected India's GDP to grow at 7.6 per cent in the current fiscal and 6.1 per cent in 2026-27. The OECD in its interim Economic Outlook report said the evolving conflict in the Middle East has "human and economic costs" for the countries directly involved, and will test the resilience of the global economy. A halt in shipments through the Strait of Hormuz and the closure or damage of energy infrastructure has generated a surge in energy prices and disrupted the global supply of energy and other important commodities, such as fertilisers. "The decline in (US) tariffs should support growth in India, though gas rationing will disrupt some production activities and fiscal support is expected to fade, with growth easing from 7.6 per cent in fiscal year (FY) 2025-26 to 6.1 per cent in FY 2026-27 and 6.4 per cent in FY 2027-28," the OECD said. The fading deflationary impact of past food and energy price-reducin

Companies must disclose exposure to Pillar Two income taxes under revised AS 22, while small and medium-sized firms are exempt from the new requirements

Tax experts say the extension is relevant for Indian MNEs with overseas operations, even though India itself has not yet implemented Pillar Two

India is a "strong champion" in implementing transparency measures against offshore tax evasion and its recent campaign asking taxpayers to correctly report their undisclosed foreign assets has led to disclosure of properties worth more than Rs 29,000 crore, a top OECD official has said. Head of the Organisation for Economic Cooperation and Development (OECD) Secretariat Zayda Manatta told PTI in an interview that these "notable" outcomes were a result of India's "commitment" to global tax transparency and automatic exchange of information standards. Manatta was here recently for the OECD annual plenary meeting of the 'Global Forum on Transparency and Exchange of Information for Tax Purposes' hosted by New Delhi between December 2 and 4. The France headquartered OECD is a globally recognised body that works for economic and social policy promotion. The Global Forum had 172 countries as its members. "India is a strong champion in tax transparency and has been supporting the work of

OECD has kept India's FY26 growth forecast unchanged at 6.7% and FY27 at 6.2%, citing easing monetary policy and public capex, while warning that higher US tariffs could hit exports

OECD head Mathias Cormann said the trade shocks triggered by US President Donald Trump's tariff hikes had so far proved relatively mild, but added their costs were likely to rise

India leads as the top source of new migrants to OECD nations, with rising citizenship acquisitions and student enrolments highlighting a growing global footprint

According to the Global Pension Index 2025, few nations have cracked the code, with the Netherlands, Iceland, and Denmark leading, and India, Philippines, and Thailand among those lagging far behind

OECD expects global growth to soften in the second half of 2025 as front-loaded activity fades and higher tariffs in the US and China dampen investment and trade

The full impact from an overall effective tariff rate imposed by the White House of 19.5 per cent - the highest since 1933 - has yet to be felt, officials said

Ravi Agrawal, a 1988-batch officer of the Indian Revenue Service, was initially appointed as CBDT Chairman

The OECD cuts India's FY26 growth forecast to 6.3%, citing risks from rising US tariffs and trade tensions, but expects private consumption to strengthen with rising incomes and moderate inflation

The OECD notes that Trump's policies have raised average US tariff rates from around 2.5 per cent when he returned to the White House to 15.4 per cent, highest since 1938

Trump, speaking aboard Air Force One on route to Washington overnight, also repeated he had no plans to create exemptions for the 25 per cent steel and aluminum tariffs that went into effect last week

India will evaluate the benefit of joining the OECD's global tax deal as the US deciding to withdraw from such a global pact has made it "impractical to implement", Finance Secretary Tuhin Kanta Pandey said on Tuesday. US President Donald Trump on January 20 in a Presidential memorandum had said that the "Global Tax Deal have no force or effect within the United States", thus nullifying the progress made so far by the Organisation for Economic Cooperation and Development (OECD) to bring 140 countries on the same platform to levy a minimum 15 per cent tax on profits of multinational corporates. To a question on what would be India's stand on the global tax pact, Pandey said the US exit has added a lot of uncertainty and if the United States is not joining it then such a pact doesn't work out. Pandey, in a post-Budget interaction of Assocham, said the tax deal is a multilateral approach where the US is much integrally needed. "If the US has now said that it is walking out of it, then

The decision of the Trump administration to withdraw from the OECD's global tax deal will not have any impact on India, but it will severely affect the progress made thus far in reaching an international consensus on global minimum tax, experts said on Tuesday. Soon after taking charge, US President Donald Trump in a Presidential memorandum said that the "Global Tax Deal have no force or effect within the United States", thus nullifying the progress made so far by the Organisation for Economic Cooperation and Development (OECD) to bring 140 countries on the same platform to levy a minimum 15 per cent tax on profits of multinational corporates. Nangia & Co LLP Managing Partner Rakesh Nangia said the impact of the US pulling out of the global tax deal would have monumental impact on the global tax landscape, especially for countries/jurisdictions which have already adopted/formulated rules in their domestic law for implementing Global anti-Base Erosion Model or GloBE rules (Pillar ..

While India and US have optimistic outlooks going into 2025, Germany and UK may see sluggish growth

While Japan is by no means alone in confronting a debt problem, salaries are the lowest of Group-of-Seven countries, and the central bank is raising borrowing costs while its peers cut them

Washington has said that India, China and Australia remain hold-outs on U.S. demands over alternative ways to calculate transfer pricing

Experts suggest India is still iffy on Pillar 1 and the equalisation levy may be extended beyond June 30