March 22, 2016
Paris, 22 March 2016 –The Business and Industry Advisory Committee to the OECD (BIAC) points to the crucial role of cross-border data flows for the recovery and future of the global economy. In a paper released today BIAC calls on the OECD and governments to develop policies and regulatory frameworks that address concerns for security and privacy in the least trade distorting way.
“Governments must avoid restricting trade through data localization measures”, said Clifford Sosnow, Chair of the BIAC Trade Committee and Partner with the law firm Fasken Martineau LLP. “Considering the importance of this issue for competitive markets, this paper offers recommendations to address the impact of data localization and at the same time deal with privacy and security concerns.”
March 16, 2016
Paris, 16 March 2016 –The Business and Industry Advisory Committee to the OECD (BIAC) actively participated in the OECD Ministerial which brought together Ministers from the 41 State Parties as well as other key partner countries to the Anti-Bribery Convention. BIAC called for close private sector involvement in an ambitious OECD strategy to fight corruption and bribery.
“BIAC recognizes the OECD’s strong capacity to work horizontally in the fight against foreign bribery”, said Klaus Moosmayer of Siemens, who chairs the BIAC Task Force on Anti-Corruption/Bribery. “Close public-private cooperation is essential to effectively curb foreign bribery and provide a real level playing field for international business.”
February 19, 2016
Paris, 19 February 2016 – BIAC welcomes the steps and measures agreed today by governments at the High-Level Meeting of the OECD Development Assistance Committee (DAC) to enable greater private sector investment in developing markets.
January 15, 2016
Paris, 15 January 2016 – At the OECD’s Employment Ministerial, BIAC called for more resilient and inclusive labor markets.
More than ever, the current challenges on the labor market call for a policy that promotes resilience and flexibility. All parties are challenged: companies to find appropriately trained and mobile workforces, workers to develop skills relevant to the labor market, and policymakers to provide for employment and social policy frameworks that encourage access for all to the labor market placing employment security over job security. The OECD’s goal should be to give guidance on ways to create more resilient and adaptable labor markets and jobs, within the context of the over-riding goal of enhancing productivity.
“The focus on employment security should serve to improve the resilience of the entire labor force and also facilitate the ability of workers to successfully progress among or between jobs”, said Ronnie Goldberg, Chair of the BIAC Employment, Labor and Social Affairs Committee and Senior Counsel at the United States Council for International Business (USCIB).
December 14, 2015
Paris, 14 December 2015 – BIAC welcomes the successful conclusion of COP21, which is a key step towards addressing the global climate challenge. The Paris Agreement provides an essential framework for action that will require the full engagement of all major economies. “We have transitioned from 11 to 98 percent coverage of global greenhouse gas emissions and, with the 5- year review periods, we are for the first time focused on the future with an approach that can actually reduce net global emissions”, noted Russel Mills, Chair of the BIAC Energy and Environment Committee.
December 10, 2015
Paris, 10 December 2015 – Corruption is a major obstacle to economic and social development around the world and adds considerable risk to doing business globally. On the occasion of the International Anti-Corruption Day this week, the Business and Industry Advisory Committee to the OECD (BIAC) organized a roundtable with the OECD Working Group on Bribery, calling for close private sector involvement in an ambitious OECD strategy to fight corruption and bribery.
November 10, 2015
Paris, 6 November 2015 - At the 3rd OECD Global Forum on Value Added Tax (VAT) and Goods and Services Tax (GST) held in Paris today, BIAC welcomed the endorsement of the completed OECD International VAT/GST Guidelines and called for their consistent implementation globally to remove VAT/GST obstacles to cross-border trade in services and intangibles.
Bernhard Welschke, Secretary General of BIAC, said that “The Guidelines are a milestone for the global business community and a foundation for further work on the removal of obstacles to international trade and investment created by globally inconsistent VAT/GST rules”.
The Global Forum brought together senior officials from over 100 delegations representing governments, international organizations, business representatives and academia to discuss progress made in the development of the International VAT/GST Guidelines. The Guidelines were endorsed by governments as an International Standard to address issues of double taxation and unintended non-taxation resulting from inconsistencies in the application of VAT to international trade.
October 5, 2015
Paris, 5 October 2015 – “The BEPS project needed to happen, and the OECD and G20 should be congratulated both for their hard work and for achieving high-level consensus across many issues”, said BIAC Tax Committee Chair Will Morris today on the occasion of the long-awaited release of the OECD’s 2015 BEPS deliverables package. “Moreover this high-level consensus was achieved while working to an exceptionally ambitious timetable.”
“Business does still have concerns that some of the recommendations may lead to double taxation of income, and many important details remain to be worked out. We look forward to working with the OECD and G20 on those”, Morris added. “Nevertheless, BIAC has always acknowledged that modifications were required to international tax rules in order to keep pace with rapid globalization, and we believe that the broad direction of many of the BEPS recommendations will help with this. But this next – implementation – phase will be crucial.”
October 5, 2015
Istanbul, 5 October 2015 – “Mobilizing private investment that supports sustainable economic growth should be a priority for governments around the world”, said BIAC Secretary General Bernhard Welschke at the OECD/G20 Global Forum on International Investment today. “In the global business community, there is a new sense of urgency for governments to refrain from conflicting requirements for investors and adverse measures such as the forced localization of data.”
September 9, 2015
Paris, 9 September 2015 – At the B20 Conference in Ankara (Turkey) on 3-5 September, BIAC Secretary-General Bernhard Welschke and Chair of the BIAC Taxation and Fiscal Policy Committee Will Morris welcomed the B20 recommendation on taxation and BEPS which emphasizes the need to encourage trade and investment flows especially in relation to infrastructure and cross border Foreign Direct Investment (FDI).