Countries have used recent tax reforms to lower taxes on businesses and individuals, with a view to boosting investment, consumption and labour market participation, continuing a trend that started a couple of years ago, according to a new report from the Organisation for Economic Co-operation and Development (OECD).

The Tax Policy Reforms 2018 report describes the latest tax reforms across 35 OECD members, Argentina, Indonesia and South Africa, and identifies major tax policy trends and highlights that economic stimulus provided by fiscal policy, includi...