Carbon pricing is a powerful tool that can help countries meet climate targets, lead to cleaner air and water, and improve public finances. This country note takes stock of how carbon prices on greenhouse gas emissions have evolved in the United States between 2018-21. It estimates effective carbon prices resulting from carbon taxes, emissions trading...
After a rapid recovery from the pandemic, the U.S. economy faces significant challenges from surging inflation and slowing economic activity, according to a new OECD report.
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.
The tax wedge for the average single worker in the United States increased by 1.2 percentage points from 27.2% in 2020 to 28.4% in 2021. The OECD average tax wedge in 2021 was 34.6% (2020, 34.6%). In 2021, the United States had the 30th lowest tax wedge among the 38 OECD member countries, compared with...