Global Tax Environment Improving

The global tax policy environment is beginning to show signs of improvement, according to the OECD. OECD countries have made major progress in their efforts to eliminate harmful tax practices in their economies, modifying or abolishing more than 30 of the preferential tax regimes identified in 2000 as potentially harmful.

According to a report issued by the OECD’s Committee on Fiscal Affairs today, out of a total 47 preferential tax regimes cited in 2000, 18 regimes have been abolished or are in the process of being abolished, 14 have been amended so that any potentially harmful features have been removed, and 13 have been found on further examination not to be actually harmful.

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