MINIMUM 15% GLOBAL TAX

MINIMUM 15% GLOBAL TAX: 136 out of 140 are on board! What will be the global impact!?

The Organisation for Economic Co-operation and Development (OECD; French: Organisation de Coopération et de Développement Économiques, OCDE) is an intergovernmental economic organization with 38 member countries,[1] founded in 1961 to stimulate economic progress and world trade. It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. Generally, OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries. As of 2017, the OECD member countries collectively comprised 62.2 % of global nominal GDP (US$49.6 trillion)[4] and 42.8 % of global GDP (Int$54.2 trillion) at purchasing power parity.[5] The OECD is an official United Nations observer.[6]

In 1948 the Organisation for European Economic Co-operation (OEEC),[7] led by Robert Marjolin of France, was established to help administer the Marshall Plan (which was rejected by the Soviet Union and its satellite states).[8] This would be achieved by allocating United States financial aid and implementing economic programs for the reconstruction of Europe after World War II.[9] In 1961, the OEEC was reformed into the Organisation for Economic Co-operation and Development and membership was extended to non-European states.[10][11]

The OECD's headquarters are at the Château de la Muette in Paris, France.[12] The OECD is funded by contributions from member countries at varying rates and had a total budget of €386 million in 2019.[3]

The OECD is recognized as a highly influential publisher of mostly economic data through publications as well as annual evaluations and rankings of member countries.[13]

Organization for European Economic Co-operation
The Organisation for European Economic Co-operation (OEEC) was formed in 1948 to administer American and Canadian aid in the framework of the Marshall Plan for the reconstruction of Europe after World War II.[14] Similar reconstruction aid was sent to the war-torn Republic of China and post-war Korea, but not under the name "Marshall Plan". The organization started its operations on 16 April 1948 and originated from the work done by the Committee of European Economic Co-operation in 1947 in preparation for the Marshall Plan. Since 1949, it has been headquartered in the Château de la Muette in Paris, France. After the Marshall Plan ended, the OEEC focused on economic issues.[7]

In the 1950s, the OEEC provided the framework for negotiations aimed at determining conditions for setting up a European Free Trade Area, to bring the European Economic Community of the six and the other OEEC members together on a multilateral basis. In 1958, a European Nuclear Energy Agency was set up under the OEEC

By the end of the 1950s, with the job of rebuilding Europe effectively done, some leading countries felt that the OEEC had outlived its purpose, but could be adapted to fulfill a more global mission. It would be a hard-fought task, and after several sometimes fractious meetings at the Hotel Majestic in Paris starting in January 1960, a resolution was reached to create a body that would deal not only with European and Atlantic economic issues but devise policies to assist less developed countries. This reconstituted organization would bring the US and Canada, who were already OEEC observers, on board as full members. It would also set to work straight away on bringing in Japan.

Founding
Following the 1957 Rome Treaties to launch the European Economic Community, the Convention on the Organisation for Economic Co-operation and Development was drawn up to reform the OEEC. The Convention was signed in December 1960 and the OECD officially superseded the OEEC in September 1961. It consisted of the European founder countries of the OEEC plus the United States and Canada (three countries, Netherlands, Luxembourg, and Italy, all OEEC members, ratified the OECD Convention after September 1961 but are nevertheless considered founding members). The official founding members are:

In 1989, after the Revolutions of 1989, the OECD started to assist countries in Central Europe (especially the Visegrád Group) to prepare market economy reforms. In 1990, the Centre for Co-operation with European Economies in Transition

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