Organization For Economic Cooperation And Development
OECD Secretary General, Angel Gurria, discusses 21st Century Multilateralism and Global Governance
Founded in 1948 to help administer the Marshall Plan for the reconstruction of Europe after World War Two, the OECD has morphed into a global organization whose primary goal is to promote democracy and market economies. Lately, the OECD has been involved in the controversial subject of tax havens. Peer reviews have revealed deficiencies from tax authorities related to a lack of information for the ownership of trusts, companies, and partnerships. The OECD gained notoriety in 2008, when Germany and France requested that the OECD add Switzerland to a blacklist of countries which encourage tax fraud because they allegedly encourage tax evasion that is detrimental to their revenues. The issue of the sovereign rights of a country is a key criticism of the tax haven actions of the OECD.
