European Union energy ministers agreed to a “dynamic” cap on natural gas prices Monday after two months of intense negotiations.
Global coal use is on course to hit all-time high this year, IEA says
Higher gas prices have led to an increased reliance on coal, the IEA said.
Amazon workers will go on formal strike for the first time in the UK
Employees at Amazon’s Coventry warehouse in central England voted Friday to go on strike.
‘Crunch time’: EU members in last-minute push to compromise on gas price cap
EU energy ministers are engaged in crunch talks over the details of a gas price cap intended to protect consumers from higher prices.
Revenue Statistics: Key findings for the United Kingdom
The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in the United Kingdom increased by 1.4 percentage points from 32.1% in 2020 to 33.5% in 2021. Between 2020 and 2021, the OECD average increased from 33.6% to 34.1%.
Carbon Pricing: key findings for the United Kingdom
Carbon pricing is a powerful tool that can help countries meet climate targets, lead to cleaner air & water, and improve public finances. This country note takes stock of how carbon prices on greenhouse gas emissions have evolved in the United Kingdom between 2018-21. It estimates effective carbon prices resulting from carbon taxes, emissions trading...
United Kingdom: Accelerate structural reforms to keep recovery on track
After a strong post-pandemic recovery, the UK economy is facing slower growth with rising inflation and labour shortages exacerbated by Russia’s war of aggression against Ukraine.
Transfer Pricing Country Profiles
These country profiles focus on countries’ domestic legislation regarding key transfer pricing principles, including the arm’s length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures.
Taxing Wages: Key findings for the United Kingdom
The tax wedge for the average single worker in the United Kingdom increased by 0.4 percentage points from 30.9% in 2020 to 31.3% in 2021. The OECD average tax wedge in 2021 was 34.6% (2020, 34.6%). In 2021, the United Kingdom had the 28th lowest tax wedge among the 38 OECD member countries, occupying the...