Total investment of pension funds and all retirement vehicles amounted to 8.3% of GDP in 2015, recently published OECD Business and Finance Outlook 2016says. OECD FDI Regulatory Restrictiveness Index is among the lowest in the OECD area.

AmCham EU is strongly supportive of EU and other international efforts to revive securitisation and therefore welcomes the Commission’s proposal for Simple, Transparent and Standardised (STS) securitisations.   

Taxes on labour income for the average worker across the OECD remained stable at 35.9% in 2015, ending a series of steady annual increases dating to 2011, according to a new OECD report. The Czech Republic has the 8th highest tax wedge among the 34 OECD member countries in 2015. The country occupied the same position in 2014. The average single worker in the Czech Republic faced a tax wedge of 42.8% in 2015 compared with the OECD average of 35.9%.  

AmCham EU welcomes attempts to ensure that adoption of the OECD’s recommendations is consistent across the EU and with international trading partners where they are required in order to address identified issues by the OECD such as cross border hybridity, excessive interest deductibility and abusive transactions. Consistency is vital to minimise the negative impact on cross border trade and investment and to avoiding potential double taxation. However, we are concerned that the proposed measures are not appropriately drawn to tackle the identified issues without negative impact on the single market.