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EU Joint Transfer Pricing Forum
The 'EU Joint Transfer Pricing Forum'' (EUJTPF) was set up in 2002 from an EU communication on eliminating transfer pricing from the EU (in which it was called the "Joint Forum on Transfer Pricing"). It was to be composed of "Member States and business representatives". The business (non-government) members of the forum (as of 6 Oct 2013) comprises 16 people Eight of these are transfer pricing advisors (including the Chair), and eight are tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ... specialists in multinationals. References Taxation in the European Union {{business-org-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Communique
A press release is an official statement delivered to members of the news media for the purpose of providing information, creating an official statement, or making an announcement directed for public release. Press releases are also considered a primary source, meaning they are original informants for information. A press release is traditionally composed of nine structural elements, including a headline, dateline, introduction, body, and other components. Press releases are typically delivered to news media electronically, ready to use, and often subject to "do not use before" time, known as a news embargo. A special example of a press release is a communiqué (), which is a brief report or statement released by a public agency. A communiqué is typically issued after a high-level meeting of international leaders. Using press release material can benefit media corporations because they help decrease costs and improve the amount of material a media firm can output in a cert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transfer Pricing
In taxation and accounting, transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control. Because of the potential for cross-border controlled transactions to distort taxable income, tax authorities in many countries can adjust intragroup transfer prices that differ from what would have been charged by unrelated enterprises dealing at arm’s length (the arm’s-length principle). The OECD and World Bank recommend intragroup pricing rules based on the arm’s-length principle, and 19 of the 20 members of the G20 have adopted similar measures through bilateral treaties and domestic legislation, regulations, or administrative practice.World Bank pp. 35-51 Countries with transfer pricing legislation generally follow th''OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations''in most respects, although their rules can differ on some important details. Where adopted, transfe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nation
A nation is a community of people formed on the basis of a combination of shared features such as language, history, ethnicity, culture and/or society. A nation is thus the collective identity of a group of people understood as defined by those features. Some nations are equated with ethnic groups (see ethnic nationalism) and some are equated with affiliation to a social and political constitution (see civic nationalism and multiculturalism). A nation is generally more overtly political than an ethnic group. A nation has also been defined as a cultural-political community that has become conscious of its autonomy, unity and particular interests. The consensus among scholars is that nations are socially constructed and historically contingent. Throughout history, people have had an attachment to their kin group and traditions, territorial authorities and their homeland, but nationalism – the belief that state and nation should align as a nation state – did not become a pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forum (legal)
In United States constitutional law, a forum is a property that is open to public expression and assembly. Types Forums are classified as public or nonpublic. Public forum A public forum also called an ''open forum'', is open to all expression that is protected under the First Amendment. Streets, parks, and sidewalks are considered open to public discourse by tradition and are designated as ''traditional public forums''. The government creates a ''designated public forum'' when it intentionally opens a nontraditional forum for public discourse''. Limited public forums'', such as municipal meeting rooms, are nonpublic forums that have been specifically designated by the government as open to certain groups or topics. Traditional public forums cannot be changed to nonpublic forums by governments. The use of public forums generally cannot be restricted based on the content of the speech expressed by the user. Use can be restricted based on content, however, if the restriction passe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advisor
An adviser or advisor is normally a person with more and deeper knowledge in a specific area and usually also includes persons with cross-functional and multidisciplinary expertise. An adviser's role is that of a mentor or guide and differs categorically from that of a task-specific consultant. An adviser is typically part of the leadership, whereas consultants fulfill functional roles. The spellings ''adviser'' and ''advisor'' have both been in use since the 16th century. ''Adviser'' has always been the more usual spelling, though ''advisor'' has gained frequency in recent years and is a common alternative, especially in North America. Etymology The use of ''adviser'' is of English origin, with "er" as a noun ending, and ''advisor'' of Latin origin. The words are etymological twin cognates and are considered interchangeable. Word usage Usage of the two words is normally a matter of choice, but they should not be used together in the same document. The Associated Press prefers ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
