The Parliamentary Assembly of the Council of Europe, enlarged
to include the delegations of national parliaments of the Organisation
for Economic Co-operation and Development (OECD) member States which are
not members of the Council of Europe, as well as a delegation of
the European Parliament, is once again considering the activities
of the OECD.
In line with the objectives of the Assembly’s reform and the
desire to make the debate more political, the present report focuses
on the challenges to citizens’ trust in democratic institutions
posed by ineffective policy responses and by evidence of fiscal
injustice in the course of the ongoing economic and employment crisis.
The OECD initiative on New Approaches to Economic Challenges
(NAEC), development and taxation issues, and the OECD work on Base
Erosion and Profit Shifting (BEPS) are highlighted. The ability
of governments to raise funds through taxation in order to pay for
necessary public services is a fundamental anchor for democracy.
When the actions of companies and individuals undermine governments’
legitimate financing abilities, the very fundaments of democracy
and equitable development are threatened. The OECD should continue
to play a leading role in international efforts to bring greater
fairness to tax policy worldwide.