Global Forum On Transparency And Exchange Of Information For Tax Purposes
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Global Forum On Transparency And Exchange Of Information For Tax Purposes
The Global Forum on Transparency and Exchange of Information for Tax Purposes was founded in 2000 and restructured in September 2009. It consists of OECD member countries as well as other jurisdictions that have agreed to implement tax related transparency and information exchange. The forum works under the auspices of the OECD and G20. Its mission is to "implement the international standard through two phases of peer review process". It addresses tax evasion, tax havens, offshore financial centres, tax information exchange agreements, double taxation and money laundering. In 2000, the Forum published a blacklist of 35 tax havens, which by 2009 had shrunk to zero. It has since focused on increasing the standard for exchange of information. , the Forum had 163 member tax jurisdictions and the European Union, all on equal footing. Activities The Forum promotes the implementation of two internationally agreed standards on exchange of information for tax purposes: the standard on Ex ...
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22nd G7 Summit
The 22nd G7 Summit was held in Lyon, France, on 27–29 June 1996. The venue for this summit meeting was the Museum of Contemporary Art, Lyon (''Musée d'art Contemporain de Lyon'').Japan, Ministry of Foreign Affairs ( MOFA) Summit Meetings in the Past./ref> The locations of previous summits to have been hosted by France include: Rambouillet (1975), Versailles (1982) and Paris (1989). The Group of Seven ( G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, Germany, Italy, Japan, the United Kingdom, the United States, Canada (since 1976)Saunders, Doug "Weight of the world too heavy for G8 shoulders," ''Globe and Mail'' (Toronto). July 5, 2008 -- n.b., the G7 becomes the G8 with the inclusion of Russia starting in 1997. and the President of the European Commission (starting officially in 1981).Reuters "Factbox: The Group of Eight: what is it?" July 3, 2008. The summits were not meant to be linked formally with wider inte ...
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Heritage Foundation
The Heritage Foundation (abbreviated to Heritage) is an American conservative think tank based in Washington, D.C. that is primarily geared toward public policy. The foundation took a leading role in the conservative movement during the presidency of Ronald Reagan, whose policies were taken from Heritage's policy study '' Mandate for Leadership''. The Heritage Foundation has had significant influence in U.S. public policy making. It is among the most influential public policy organizations in the United States. History and major initiatives Early years The Heritage Foundation was founded on February 16, 1973, by Paul Weyrich, Edwin Feulner, and Joseph Coors. Growing out of the new business activist movement inspired by the Powell Memorandum, discontent with Richard Nixon's embrace of the " liberal consensus" and the nonpolemical, cautious nature of existing think tanks, Weyrich and Feulner sought to create a version of the Brookings Institution that advanced conservative acti ...
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Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions locate ...
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African Union Commission
The Commission of the African Union acts as the executive/administrative branch or secretariat of the African Union (and is somewhat analogous to the European Commission). It consists of a number of Commissioners dealing with different areas of policy. The African Union Headquarters are in Addis Ababa, Ethiopia. It should be distinguished from the African Commission on Human and Peoples' Rights, (based in Banjul, Gambia), which is a separate body that reports to the African Union. History On September 13, 2005 an agreement was reached by the Commission and France whereby France would donate €5 million for the furtherance of African Union activities. Some of the initiatives this money will go to are an African Communication Policy and an African Common Defence Force. The signatory on behalf of the Commission was Bernard Zoba. The African Union Commission became a part of the Forum on China–Africa Cooperation (FOCAC) in 2012. FOCAC is the main multi-lateral coordination m ...
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African Tax Administration Forum
The African Tax Administration Forum (ATAF) is an international organisation which provides a platform for cooperation among African tax authorities. First conceived during a meeting of 30 African tax commissioners with representatives of the Organisation for Economic Co-operation and Development in August 2008, it was launched in November 2009 in Kampala, Uganda. Through mutual cooperation between member states, ATAF works towards increasing the level of voluntary tax compliance whilst combating tax evasion and avoidance. ATAF is supported by a group of donors including the UK's Department for International Development, the Norwegian Agency for Development Cooperation, the African Development Bank, the Deutsche Gesellschaft für Internationale Zusammenarbeit, Irish Aid, the Ministry for Foreign Affairs (Finland), the Ministry of Foreign Affairs (Netherlands), the OECD, and the Swiss State Secretariat for Economic Affairs. It collaborates with African regional economic organisatio ...
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African Development Bank
The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union. The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. Mission The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region. History Following the end of the colonial period in Africa, a growing desire for more unity within the continent led to the establishment of two draft charters, one for the establishment of t ...
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Global Forum On Tax Transperency
Global means of or referring to a globe and may also refer to: Entertainment * ''Global'' (Paul van Dyk album), 2003 * ''Global'' (Bunji Garlin album), 2007 * ''Global'' (Humanoid album), 1989 * ''Global'' (Todd Rundgren album), 2015 * Bruno J. Global, a character in the anime series ''The Super Dimension Fortress Macross'' Companies and brands Television * Global Television Network, in Canada ** Global BC, on-air brand of CHAN-TV, a television station in Vancouver, British Columbia, Canada ** Global Okanagan, on-air brand of CHBC-TV, a television station in Kelowna, British Columbia, Canada ** Global Toronto, a television station in Toronto ** Global Edmonton ** Global Calgary ** Global Montreal ** Global Maritimes ** Canwest Global, former parent company of Global Television Network * Global TV (Venezuela), a regional channel in Venezuela Other industries * Global (cutlery), a Japanese brand * Global Aviation Holdings, the parent company of World Airways, Inc., and North Am ...
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Foreign Account Tax Compliance Act
The Foreign Account Tax Compliance Act (FATCA) is a 2010 United States federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report such assets and identities of such persons to the U.S. Department of the Treasury. FATCA also requires such persons to report their non-U.S. financial assets annually to the Internal Revenue Service (IRS) on form 8938, which is in addition to the older and further redundant requirement to report them annually to the Financial Crimes Enforcement Network (FinCEN) on form 114 (also known as 'FBAR'). Like U.S. income tax law, FATCA applies to U.S. residents and also to U.S. citizens and green card holders residing in other countries. FATCA applies to all subjects identified as U.S. person. All U.S. citizens are U.S. person by default, but a non U.S. citizen can ...
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Jean-Claude Juncker
Jean-Claude Juncker (; born 9 December 1954) is a Luxembourgish politician who served as the 21st Prime Minister of Luxembourg from 1995 to 2013 and 12th President of the European Commission from 2014 to 2019. He also served as Finance Minister from 1989 to 2009 and President of the Eurogroup from 2005 to 2013. By the time Juncker left office as Prime Minister in 2013, he was the longest-serving head of any national government in the EU and one of the longest-serving democratically elected leaders in the world, with his tenure encompassing the height of the European financial and sovereign debt crisis. In 2005, he became the first permanent President of the Eurogroup. In 2014, the European People's Party (EPP) had Juncker as its lead candidate, or '' Spitzenkandidat'', for the presidency of the Commission in the 2014 elections. This marked the first time that the ''Spitzenkandidat'' process was employed. Juncker is the first president to have campaigned as a candidate for the ...
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2009 G-20 London Summit
The 2009 G20 London Summit was the second meeting of the G20 heads of government/heads of state, which was held in London on 2 April 2009 at the ExCeL Exhibition Centre to discuss financial markets and the world economy. It followed the first G20 Leaders Summit on Financial Markets and the World Economy, which was held in Washington, D.C. on 14–15 November 2008. Heads of government or heads of state from the G20 attended, with some regional and international organisations also represented. Due to the extended membership, it has been referred to as the London Summit. The policing tactics at the event raised some controversy, particularly over the death of Ian Tomlinson. It was revealed in June 2013 that the Government Communications Headquarters, an intelligence agency of the British government, had intercepted phone calls and monitored computers used by foreign delegates at the summit. Their actions were sanctioned by the British government, and intelligence was passed to B ...
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Financial Crisis Of 2007-08
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability ass ...
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