OECD pushes forwards the digital transformation of the global economy

The OECD-brokered deal, which sets a global tax of 15 percent, is aimed at stopping international corporations from slashing tax bills by registering in nations with low rates – Copyright AFP/File PUNIT PARANJPE

The global economy is undergoing a digital transformation as well, and it is happening at breakneck speed. How are advanced economies to make sense of the pace of change and strike the right balance between data flows and privacy? And to what extent does there need to be a common framework? The Organisation for Economic Co-operation and Development (OECD) has published a declaration based on new principles for national adoption.

OECD countries have adopted the first intergovernmental agreement on common approaches to safeguarding privacy and other human rights and freedoms when accessing personal data for national security and law enforcement purposes.

This is the ‘OECD Declaration on…

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