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The Latest Breaking News from OECD

Government faces global and local calls for tax reform

Australia should consider revenue raising options that are less vulnerable to an ageing population than income tax, the OECD says.

AAP

Rising fees and staff shortages: why Australian childcare is in crisis – and how to fix it

The sector fails both parents and staff because it relies on a mix of providers and is poorly subsidised, say experts. Here are their solutions

The Guardian - AU

Hope or horror? The great AI debate dividing its pioneers

CEO of DeepMind is ‘not a pessimist’ but warns of threat from AI and says we must be active in shaping ‘a middle way’

The Guardian - UK

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Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union…

The Independent UK

'Huge win' for Upper Hunter with permanent teaching jobs secured

216 permanent roles have been secured.

Newcastle Herald

Four reasons why western companies have been 'trapped' in Russia since it invaded Ukraine

More than 600 days since Russia invaded Ukraine, over 1,400 international companies are still operating in Russia. Only a small percentage of western firms have been able to close down their operations in the country since it invaded Ukraine in February 2022.

The Conversation

Fact checking the final leaders' debate

As Christopher Luxon and Chris Hipkins clashed in the final leaders' debate of the 2023 election campaign, Newsroom confirms both made provably false claims.

Newsroom.co.nz

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Decoding major parties' economic credentials

There's no real data to suggest the economy is better off under a National or Labour government, writes Andrew Bevin

Newsroom.co.nz

Party pledges won't fix science funding sinkhole

Political parties are united about increasing our research and development capabilities to help our international competitiveness. So, asks Nicola Gaston, why are science election policies fragmented or non-existent?

Newsroom.co.nz

Australia's emissions must decline more steeply to reach climate commitment: OECD

Australia’s emissions need to decline “on a much steeper trajectory” if it is to meet its declared commitment of a 43% reduction by 2030 and net zero by 2050, the Organisation of Economic Co-operation and Development says.

The Conversation

Minister backs ‘naming and shaming’ childcare providers who charge exorbitant fees

Education minister Jason Clare supports a recommendation by the ACCC in its latest report into childcare costs

The Guardian - AU

Price gouging child care could be named and shamed

Childcare centres charging parents exorbitant fees could be named and shamed under reforms proposed by the consumer watchdog.

AAP

‘This is not over’: Treasury flags further action against PwC Australia over additional breaches of confidence

Exclusive: Move comes after firm admits partner forwarded papers related to confidential consultation with treasury and ATO officials to colleagues

The Guardian - AU

Childcare fees may need to be capped to curb erosion of subsidies, ACCC says

Watchdog’s latest report says childcare in Australia is ‘relatively less affordable for households than in most other OECD countries’

The Guardian - AU

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The Guardian - UK

‘The dog’s very happy’: water-conscious Swedish islanders compete for ugliest lawn title

Competition aimed at encouraging Gotland residents to save water is being copied elsewhere

The Guardian - AU

PwC tax leak scandal not isolated to Australia, senators claim

Accounting firm says no evidence confidential information used by partners outside Australia for commercial gain

The Guardian - UK

Number of workers taking sick leave hits 10-year high

Report finds stress as one of the main contributors to absence as staff take 7.8 days off a year on average

The Conversation

Why do I get so much spam and unwanted email in my inbox? And how can I get rid of it?

Spam might not have brought an end to the internet or email, as some dire predictions in the early 2000s claimed it could – but it’s still a massive pain.

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The Conversation

Idea of green growth losing traction among climate policy researchers, survey of nearly 800 academics reveals

When she took to the floor to give her State of the Union speech on 13 September, European Commission president Ursula von der Leyen largely stood by the script. Describing her vision of an economically buoyant and sustainable Europe in the era of climate change, she called on the EU…

The Independent UK

Hunt: Inflation plan working but households still feeling cost-of-living pain

The Chancellor said there is still ‘immense pressure’ on families but the Government’s plan ‘is working – plain and simple’.

The Guardian - UK

France’s schools are in crisis – and it has nothing to do with pupils’ dress

With poor areas hardest hit by underfunding and staff shortages, the government is using populist policy as a cheap distraction, says Guardian columnist Rokhaya Diallo

Evening Standard

UK flatlining economy will grow slower and suffer higher inflation than eurozone in 2023, leading economists

Government accused of leaving Britain ‘stuck in the slow lane’

The Guardian - UK

Germany will suffer worst from world economic slowdown, says OECD

Higher interest rates and weaker trade, as well as sluggish growth in China, likely to hit big economies

The Guardian - AU

OECD inflation outlook suggests further Australian interest rate rises possible

Intergovernmental economic organisation warns core inflation across the world remains ‘persistent’ and may require policy action from Reserve Bank

AAP

Sharper China slowdown risks blunting Australian growth

The global economy is expected to keep slowing in response to higher interest rates, forecasts by a major global organisation show.

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