A new OECD report, Tax Policy Reforms 2022, highlights the critical role of tax policy as countries promote economic recovery from the global pandemic and respond to energy price hikes. The report details recent tax reforms across 71 countries. The report notes that reductions in taxes on labour and more generous corporate tax incentives are among the key tax policy tools available to countries for stimulating growth. The report also acknowledges that governments acted swiftly to shield households and businesses from their mounting energy costs.