What is the Organisation for Economic Co-operation and Development (OECD)?

July 20, 2023

The Organisation for Economic Co-operation and Development (OECD) recently suggested exploring the scope of the Common Reporting Standard (CRS) to include real estate under the automatic exchange of information (AEOI) among countries on a voluntary basis.

About Organisation for Economic Co-operation and Development (OECD):

It is an international organisation of 38 countries committed to democracy and the market economy.
OECD members are typically democratic countries that support free-market economies.
The OECD was established on Dec. 14, 1960, by 18 European nations, plus the United States and Canada.
Headquarters: Paris, France.
Goal: The stated goalof the OECD is to shape policies that foster prosperity, equality, opportunity and well-being for all.
The OECD publishes economic reports, statistical databases, analyses, and forecasts on the outlook for economic growth worldwide.
The organization also seeks to eliminate bribery and other financial crime worldwide.
The OECD maintains a so-called "black list" of nations that are considered uncooperative tax havens.
India is one of the many non-member economies with which the OECD has working relationships in addition to its member countries.