OECD Explained
The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organisation of mostly developed economies that works to promote economic growth and better policies. It is headquartered in Paris.
The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organisation of mostly developed economies that works to promote economic growth and better policies. It is headquartered in Paris.
Role
The OECD provides a forum for members to compare policy experiences, set standards and coordinate on issues like taxation, trade and governance. It is sometimes called a 'rich countries' club'.
Tax work
The OECD leads global work on Base Erosion and Profit Shifting (BEPS) and a global minimum corporate tax, in which India participates.
Why it matters for UPSC
The OECD's nature and its tax-standard work (BEPS, global minimum tax) are commonly tested economy and IR topics.
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Where is the OECD headquartered?
In Paris, France.
What is the OECD known for in taxation?
Leading global work on Base Erosion and Profit Shifting (BEPS) and a global minimum corporate tax.