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Successive Governments have continued to look to private entities to deliver public services.  This has given rise to a regulatory emphasis on safeguarding competition rather than protecting the consumer, leaving households dependent on essential services at the mercy of market forces.   The recommendations in a recent OECD report provide salutary advice.

OECD Economic Outlook 2014

The OECD BEPS 2014 Deliverables is part of a series of documents and recommendations from the OECD examining a co-ordinated international approach to combat tax avoidance by multinational enterprises, under the OECD/G20 Base Erosion and Profit Shifting Project designed to create a single set of international tax rules to end the erosion of tax bases and the artificial shifting of profits to jurisdictions to avoid paying tax.

The OECD Review of Pension Systems Ireland was commissioned by the Minister for Social Protection in 2013 and examines all components of Ireland's pension system.

The OECD has just released an update on the 2014 deliverables of the Action Plan on Base Erosion Profit Shifting (BEPS).

Almost 1 in 5 (18%) of Irish adults aged 16-65 are at or below Level 1 on the OECD Survey of Adult Skills (PIAAC).  Ireland placed 17th out of 24 participating countries on the literacy test.  Ireland placed 19th out of the 24 participating countries on

Leaders of the world’s largest economies have backed what they call “an ambitious and comprehensive” plan to crack down on multinationals that shift profits into low tax countries.

The G20 countries also increased the pressure on tax evasion with plans to exchange tax information automatically between themselves by the end of 2015.  They went on to call on all other jurisdictions to join them by the earliest possible date. 

Global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills, according to the Organisation for Economic Cooperation and Development (OECD).