November 9, 2012
BIAC welcomes the first OECD Global Forum on VAT in Paris, which took place this week on 7-8 November as a platform for exchanging best practices and co-ordination on cross border aspects of Value Added Tax (VAT) in an increasingly complex and integrated global economy.
July 26, 2012
BIAC today joins the OECD in welcoming a new model international tax agreement designed to improve cross-border tax compliance and boost transparency that will simplify the requirements for reporting under the U.S. Foreign Account Tax Compliance Act (FATCA). This new model will provide for automatic exchange between governments thereby reducing compliance costs for financial institutions.
May 22, 2012
As governments struggle to find the right combination of policies to create jobs, boost demand and spur economic growth a new report from BIAC and the American Chamber of Commerce in France suggests that women’s economic empowerment is a powerful resource. Unleashing women’s talent and creative potential in the workplace bears significant and well-documented economic gains not only for companies, but for women themselves, economies and societies as a whole.
April 11, 2012
The OECD business community welcomes the new Recommendation of the Council on Regulatory Policy and Governance as adopted by OECD Council on 22 March 2012, and calls for credible government action to effectively implement the principles in the Recommendation.
February 9, 2012
BIAC welcomes the joint statement by the US and France, Germany, Italy, Spain and the United Kingdom to develop an intergovernmental approach to the implementation of Foreign Account Tax Compliance Act (FATCA).
September 27, 2011
In a meeting Monday with Labour Ministers from the G20 countries, BIAC called for strong action by governments to avoid the devastating effects a “double-dip” global recession would have on employment.
“Without decisive action, we risk prolonging record levels of long-term unemployment and having millions more young people enter adulthood without the prospect of meaningful work,” said BIAC Chairman Charles P. Heeter. “This would be tragic for the individuals involved, their families and our societies.”
June 22, 2011
“Governments and the private sector need to work together to offer innovative solutions for health promotion, disease prevention and treatment that will help address the rising health care costs and challenges presented by ageing populations,” stated Ms. Nicole Denjoy, Chair of the BIAC Task Force on Health Care Policy. “We need to move from sick care to health care.”
Speaking to over 100 senior policymakers, business figures and academics at the OECD 50th Anniversary Health Conference on meeting the challenges of ageing and multiple morbidities, co-sponsored by the Business Industry Advisory Committee (BIAC), Ms. Denjoy highlighted the business case for greater collaboration with governments to generate improved health outcomes and greater efficiency in the future.
June 16, 2011
An international co-ordinated public-private effort is essential to address extreme price instability of food and other agriculture commodities, according to a new Business and Industry Advisory Committee (BIAC) paper. Released to the OECD in advance of the first meeting of the G20 Agriculture Ministers, on 22-23 June 2011 in Paris, the BIAC paper highlights several policy recommendations for mitigating and managing price volatility in agriculture commodity markets.
“Extreme food price volatility creates uncertainty and undermines investor confidence, which is damaging for society and bad for business,” says Mr. Niels Nordgaard, Chair of the BIAC Food and Agriculture Committee. “This is particularly damaging given that, at the same time, the food and agriculture sector is facing the long-term challenge of continuing to increase investment in order to boost production to meet rising food demand.”
May 25, 2011
“Convergence of corporate social responsibility standards between countries adhering, and those not adhering, to the OECD Guidelines for Multi-National Enterprises must be reached in order to create a true level playing field in the markets where multi-national companies operate,” said Mr. Winand Quaedvlieg, Chairman of the BIAC International Investment and MNE Committee.
Speaking on the occasion of the 2011 OECD Ministerial Council Meeting, Mr. Quaedvlieg highlighted the OECD business community’s views on Ministers adoption of the update of the OECD Guidelines. BIAC has been actively involved in the discussions since the beginning of the update. Many different stakeholder views have been expressed, and the final text represents a balanced outcome that BIAC can accept.
April 28, 2011
“Fighting public officials’ solicitation of bribes must be a priority in order to combat corruption,” says Mr. Jean Monville, Chairman of the BIAC Task Force on Bribery and Corruption. “BIAC is committed to creation of a clean global business environment and the goals of the G20 Anti-Corruption Action Plan; this will necessitate deeper co-operation between business and Governments.”