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How does the automatic exchange of information work?
 
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The automatic exchange of information (AEOI) is the new international standard in tax matters. From 2017/2018, tax relevant data from bank clients will be automatically exchanged between tax authorities of participating countries. This short film aims to answer the most important questions about the AEOI: How does it work, which data will be exchanged, what are the consequences for the clients? You can find more information about AEOI on our website: http://www.swissbanking.org/aeoi
Views: 18070 SwissBanking
AEOI: Automatic Exchange of Information on Financial Accounts.
 
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My last video about Automatic Exchange of Information on Financial Accounts. This is the first ever agreement to exchange this type of information automatically between the jurisdictions that signed the agreement under a single global standard on an annual basis. 54 jurisdictions committed to start the information exchange by 2017, 47 jurisdictions more by 2018. If you are operating a business outside of your country of citizenship or residency you should be aware of the new reporting standards! --------------------------------------------------- Contact Astorts Group: 👉🏻 www.astortsconsulting.com 👉🏻 [email protected] 📞 +442037402520 📞 +85235212835 📞 +74991123783 --------------------------------------------------- #bank #exchange #aeoi #fatca #money #investment #forex #broker #wealthmanagement #familyoffice #bankaccount #like4like #london #moscow #hongkong #astortsgroup #offshore
Views: 1660 alepietrocola
Common Reporting Standard (English)
 
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The Dutch government is cooperating with other countries to prevent tax evasion. The Common Reporting Standard (CRS) is a system for automatic exchange of information on financial accounts between CRS participating countries. On behalf of CRS, Dutch law requires all financial institutions, such as Rabobank, to determine foreign tax residence of their clients
Views: 4192 Rabobank
FATCA and CRS in Asia Pacific: Developments and Next Steps
 
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The automatic exchange of information is rapidly becoming the global standard. Many countries have committed to implementing the OECD's Common Reporting Standard (CRS) beginning in 2017 and with others following in 2018. At the same time, the U.S. Foreign Account Tax Compliance Act (FATCA) continues to pose challenges. CRS builds upon FATCA, and is intended to provide a global standard for the automatic exchange of financial account information between governments, but there are differences between FATCA and CRS and between jurisdictions. Learn about the current status of these global standards in Asia Pacific and how you should prepare going forward. (Live presentation was aired on 13 Aug 2015) www.deloitte.com/ap/dbriefs
Views: 1447 Deloitte Dbriefs AP
Crackdown on tax evasion
 
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Bank secrecy for tax purposes is coming to an end as a growing number of countries commit to automatic exchange of information. Soon there will be nowhere left for tax cheats to hide. For more information, please visit: http://www.oecd.org/tax/exchange-of-tax-information/
Views: 52842 OECD
Exchange of tax information [Plenary Podcast]
 
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Lack of information-sharing between tax authorities prevents them from correctly assessing the actual tax situation when several countries are involved. The need to remedy this is now widely accepted and some progress are realised, though they are only steps in the right direction. See the paper publication behind this podcast: http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_ATA(2015)569024 Subscribe to EPRS Plenary Podcasts: http://www.europarl.europa.eu/rss/en/audio-podcasts.html
How The Stock Exchange Works (For Dummies)
 
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Why are there stocks at all? Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl! Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science. We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :) We're a bunch of Information designers from munich, visit us on facebook or behance to say hi! https://www.facebook.com/Kurzgesagt https://www.behance.net/kurzgesagt How the Stock Exchange works Help us caption & translate this video! http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2
AEOI: similarities and differences with FATCA
 
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3 minutes to understand the Automatic Exchange Of Information: the major points to keep in mind, with infographics support. Interview with Aude Donnève, Group Product Manager at CACEIS. --- - Visit our website http://www.caceis.com - Follow us Twitter : http://twitter.com/CACEIS LinkedIn : http://www.linkedin.com/company/caceis
Views: 3997 CACEISmedia
History of globalization
 
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Script: Globalization is a process of interaction and integration among the people, companies, and governments of different nations. A process driven by international trade and investment. This process has effects on the environment, on culture, on political systems, on economic development and on human physical well-being in societies around the world. The first phase of globalization is heavily characterized by the exchange of knowledge and less by the exchange of goods. Notable events during that phase, which took place from the 15th to the 18th century, are the Portuguese and Spanish discoveries of America, the introduction of the Gregorian calendar and the discovery of the heliocentric view of the solar system. The 18th and the 19th century are usually associated with democracy, industrialization and scientific progress. The American Declaration of Independence in the year 1776 helped the spread of democratic ideals, which many countries use even now. In the 19th century the industrialization took place, which gave the world significant technological progress and allowed for easier and faster exchange of goods and information between countries. Only a few decades later the phase of imperialism and international expansion started: International trade relations became stronger thanks to the free trade and the first international competitions like the Olympics or the Nobel Prize Awards were held. The second phase of globalization covers the period of intensive internationalization of transportation systems, communications, commerce and science. During the second half of the 19th century, the Western world experienced a dramatic intensification of international connectivity due to four advancing technologies–trains, steamships, the telegraph, and the postal system. At the turn of the 20th century, an affluent inhabitant of London had access to many products of foreign origin before the events of August 1914 disrupted this world of global connectivity. The third phase of globalization, which began in 1945, was made possible by the long economic expansion that followed after the end of the Second World War. The period from the late 1940s to the early 1970s is called the Golden Age of Capitalism. This new global economic order was aimed at preventing a return of the catastrophic economic conditions from the Great Depression of the 1930s. This international order called for close cooperation between nations, as opposed to the destructive economic competitions between nations of the 1930s. New international financial agreements and institutions, such as the International Monetary Fund and the World Bank, provided a new kind of global financial stability. The Golden Age of Capitalism ended during the early 1970s. It has been replaced by slower growth and a series of global financial crises related to the triumph of neoliberal market globalism. The neoliberal globalism is characterized by free trade, deregulation of the corporate sector and competition between certain companies instead of competition between countries. Improved communication, and especially the Internet, accelerated the financial market and the speed of transaction. All those historical phases bring us to the world we are living in today – with easy access to lots of information and the ability to buy goods from all around the world.
Views: 3257 Michael Protsenko
Exchange of secret information after Paris attacks?
 
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Following the Paris attacks, leading EU politicians are calling for greater exchange of information between national secret services. But such calls have been made before and experts say it may be difficult. Read and listen to the whole audio story and get all the details http://euranetplus-inside.eu/exchange-of-secret-information-after-paris-attacks/ Interviewees and featured guests: - Guy Verhofstadt, MEP, Liberals, ALDE - Jean-Claude Juncker, President, European Commission - Thomas Renard, counter terrorism expert, Egmont Institute Presenter: - Andreas Liljeheden, Euranet Plus News Agency ------------------------------- Get more videos of our NOW! (News of the Week) series at https://www.youtube.com/playlist?list=PLtSpQPcNddwEhZAXPoSE3m7SaCOdT5aGM Subscribe to our channel at http://www.youtube.com/user/EuranetPlus -------------------------------
How the tax man will find out about your account
 
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A law effectively putting an end to Swiss banking secrecy has come into force. This report shows how bank data will be exchanged between countries. (SRF/swissinfo.ch) From the beginning of January, a new international law that introduced the automatic exchange of bank data means foreign citizens with accounts in Switzerland can expect previously secret information to be shared with their home tax authorities, and vice versa. It’s a deal that’s been agreed in principle with around 100 countries, although the United States is notably missing. However, it was under pressure from the US that the first cracks in Swiss banking secrecy appeared. Since 2009, Swiss banks have paid billions in fines for enabling Americans to evade taxes. The US Justice authorities started clamping down on American tax evaders hiding cash in Swiss accounts almost a decade ago. The recent change has attracted attention internationally. On platforms such as Reddit people wondered where those who had stored their money in Switzerland will move it to. Switzerland signed the global convention in 2014, paving the way for the new legislation to come into force. But some Swiss legal experts fear it comes at the expense of personal rights. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel: http://www.youtube.com/swissinfovideos Subscribe: http://www.youtube.com/subscription_center?add_user=swissinfovideos
Here is all you need to know about the 14 pacts signed between India, France
 
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In a major expansion of strategic ties, India and France inked 14 pacts in key areas of defence, security, nuclear energy and protection of classified information besides resolving to deepen cooperation in the Indo-Pacific region and step up joint efforts to contain terrorism. French and Indian companies signed contracts worth USD 16 billion on the first day of President Emmanuel Macron's visit to India on Saturday. The agreements include education, environment, urban development and railways. Macron, at a joint press briefing with Prime Minister Modi, said India and France have decided to work together to deal with threats of terrorism and radicalisation. Defence cooperation between the two countries now has a new significance, he said. Both the leaders also talked about cooperation in the Indo-Pacific region. According to Reuters, Macron's office said some 200 million euros of investment would be made India. It did not provide a breakdown of the value or details of the business contracts. HERE ARE THE PACTS SIGNED BETWEEN THE TWO NATIONS :: 1. AGREEMENT BETWEEN INDIA AND FRANCE ON THE PREVENTION OF ILLICIT CONSUMPTION AND REDUCTION OF ILLICIT TRAFFIC IN NARCOTIC DRUGS, PSYCHOTROPIC SUBSTANCES AND CHEMICAL PRECURSORS AND RELATED OFFENCES Purpose: The agreement shall facilitate the two countries in combating illicit traffic and consumption of drugs and will also impact on the financing of terrorism. 2. INDIA-FRANCE MIGRATION AND MOBILITY PARTNERSHIP AGREEMENT Purpose: This agreement will facilitate temporary circular migration based on mobility and the encouragement for a return of skills to the home country. 3. AGREEMENT BETWEEN INDIA AND FRANCE TO FACILITATE MUTUAL RECOGNITION OF ACADEMIC QUALIFICATIONS Purpose: The purpose of this Arrangement is to facilitate the mutual recognition of educational qualifications. 4. MEMORANDUM OF UNDERSTANDING BETWEEN MINISTRY OF RAILWAYS AND SNCF MOTILITIES, FRANCE ON TECHNICAL COOPERATION IN THE FIELD OF RAILWAYS Purpose: The purpose of this MoU is to build upon and deepen the mutual cooperation and focus on priority areas of high speed and semi-high speed rail; station renovation modernisation of current operations and infrastructure; and suburban trains. 5. LETTER OF INTENT BETWEEN INDIA AND FRANCE FOR THE CREATION OF A PERMANENT INDO-FRENCH RAILWAYS FORUM Purpose: The purpose of this Letter of Intent is to enhance the already existing cooperation by creating an Indo-French Permanent Railway Forum. 6. AGREEMENT BETWEEN INDIA AND FRANCE REGARDING THE PROVISION OF RECIPROCAL LOGISTICS SUPPORT BETWEEN THEIR ARMED FORCES Purpose: This agreement shall facilitate the reciprocal provision of Logistic Support, Supplies and Services between the Armed Forces of the two countries during authorised port visits, joint exercises, joint training, humanitarian assistance and disaster relief efforts etc. 7. MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN INDIA AND FRANCE ON COOPERATION IN THE FIELD OF ENVIRONMENT Purpose: The MoU aims to establish a basis for the exchange of information between the Governments and technical experts of the two countries in the field of environment and climate change. 8. AGREEMENT BETWEEN INDIA AND FRANCE ON COOPERATION IN THE FIELD OF SUSTAINABLE URBAN DEVELOPMENT Purpose: The agreement will allow the exchange of information on smart city development, development of urban mass transportation systems, urban settlements and utilities, etc. 9. AGREEMENT BETWEEN INDIA AND FRANCE REGARDING THE EXCHANGE AND RECIPROCAL PROTECTION OF CLASSIFIED OR PROTECTED INFORMATION Purpose: This agreement defines the common security regulations applicable to any exchange of classified and protected information. 10. IMPLEMENTING ARRANGEMENT BETWEEN INDIAN SPACE RESEARCH ORGANISATION (ISRO) AND CENTRAL NATIONAL D'ETUDESSPATIALES (CNES) FOR PRE-FORMULATION STUDIES OF A MARITIME AWARENESS MISSION Purpose: The agreement would provide an end-to-end solution for detection, identification and monitoring of vessels in the regions of interest for France and India. Source :- https://www.indiatoday.in Disclaimer- This channel is for defence related news worldwide . We try to give you true news related to each and every aspects of defence . It is either country, defence weapon, air Force, army ,navy, military or anything we will try to fully explain . The content specially news we upload are taken from various news channels and media houses . we never claim it is 100 % on our behalf but we try to deliver you exact without rumours . our news is specially related to india . As India is a growing country specially in defence under narendra modi BJP government . Channel Link: https://www.youtube.com/DefenceTube Facebook Link: https://www.facebook.com/defencetube Twitter Link : https://twitter.com/DefenceTube Check my all playlist : https://www.youtube.com/defencetube/playlist
Views: 400 Defence Tube
Intro to the Multi Data Exchange Solution
 
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Struggling to comply with growing global information exchange needs? A key aspect of global cooperation between countries and tax authorities is data sharing in the fight against tax evasion. It is crucial that the technical solutions implemented by Tax Authorities to exchange data meets all requirements of the organisations imposing the new cooperation regulations, like the IRS and the OECD. The Multi Data Exchange Soltion or MDES is the only true full-service data exchange package for Tax Authorities to comply with FATCA and CRS regulations.
Types of Electric Telegraphs
 
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Types of Electric TelegraphsJust two centuries ago people used mail as practically the only means of communication. Naturally message delivery was limited by the traveling speed of couriers. Therefore, exchange of information between, for example, countries and continents was very slow. For example, it took at least two weeks to deliver mail from America to Europe. That is why invention of telegraph was the real revolution that transformed many aspects of people's life at that time.The electric telegraph appeared when electrochemical batteries had been invented and spread out, and the electrolysis phenomenon was studied. In 1809 Zemering designed a device that could be used to communicate. He suggested use of gas bubbles that evolved while the current was passing through an electrolyte, such as salt water. Zemering's telegraph consisted of a voltaic column, i.e. galvanic battery; an alphabet in which letters corresponded to 24 separate wires connected to the voltaic column through a wire, a rope of 24 wound together wires for connection between stations; another alphabet, located at the station receiving messages. There separate wires passed through the bottom of a glass vessel with water. After the receiving station was ready for reception, the sender connected poles of the wires so that the electric current passed in succession through all the letters that the transmitted message consisted of, and the bubbles that were formed when the current passed through the vessel with water, separated from the respective letters at the other station. Thus, observing how bubbles appeared at electrodes corresponding to a certain letter one could make up a message. Then, by wires, one could send messages over distances of several kilometers, but to receive them was, of course, very tiring. This form of communication did not become wide spread.But after a few decades after magnetic properties of electrical current had been studied, Paul Schilling proposed construction of a new telegraph, this time an electromagnetic one. Schilling's transfer device consisted of a keyboard of 16 keys to close the current. The receiving device consisted of 6 galvanometers with magnetic needles, suspended on silken threads to copper uprights. Above the needles two-color paper flags were reinforced on a string: one side of it was painted in white, the other - in black. Both stations of Shilling's telegraph were connected by eight wires, six of them were connected to the galvanometers, one was used for reverse current, and one - for the calling device. When at the starting station a key was pressed and current was started, the corresponding needle deviated at the receiving station. Various positions of the black and white flags on different disk plates provided conditional combinations corresponding to letters of the alphabet or numbers...
Views: 753 ChipDipvideo
Michael Graetz - National Tax Measures on Exchange of Information
 
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Executive training seminars of the Academy of Global Governance, on Tax Havens. Selected Theoretical and Practical Key Issues: A Legal and Economic Perspective, 8-10 June 2011, European University Institute, Italy
Automatic exchange of information, a mechanism to combat tax crimes
 
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AIRING DATE: June 10, 2015 For more videos: http://www.untvweb.com/video/
OECD Global Forum on Development 2018
 
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OECD Global Forum on Development 2018 5 April 2018, OECD headquarters, Paris, France http://www.oecd.org/site/oecdgfd Of the world’s 7.6 billion people, more than 4 billion are at a disadvantage in terms of health, education or economic opportunities only because they are young, a woman or both. This is everyone’s loss: the economic, social and legal obstacles hindering their well-being also limit their contribution to making the world a better place for all. The international community has a roadmap to empower women and youth, enshrined in Agenda 2030. But progress has been slow. The 2018 Global Forum on Development will take stock of the progress to date, and debate how policies can keep the promise of unleashing the power of women and youth as critical agents of change. Mark your calendars to meet high-level representatives from governments, businesses, foundations and international organisations, and share your ideas on concrete ways to achieve greater prosperity for all. We will specifically discuss solutions to the challenges of including youth in development processes, creating decent jobs for rural youth, recognising and reducing women’s unpaid care and domestic work, and understanding the links between gender inequality and conflict/fragile contexts.
CHINA: BEIJING:  W-T-O AGREEMENT SIGNED WITH INDIA
 
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English/Nat China and India signed a bilateral agreement on China's entry into the World Trade Organization (W-T-O) in Beijing on Tuesday, removing another obstacle to China's accession to the global trade body. Thirteen countries, including the European Union represented as a single bloc, must still sign their individual W-T-O deals with China. W-T-O talks between China and the EU are also now taking place in Beijing. Indian trade officials meet with their Chinese counterparts in Beijing to sign agreements that will help smooth China's path to membership of the World Trade Organization. The two countries, the two most populous in the world, also cemented their bilateral trade relations with a raft of agreements on commerce between the two countries. The Indian commerce minister, Murasoli Maran, was in Beijing at the head of the Indian trade delegation. He signed the agreements on India's behalf, while his Chinese counterpart, Shi Guangsheng, signed for his country. China and India also established a mechanism to settle bilateral trade disputes through arbitration and signed a Memorandum of Understanding for increased cooperation in the field of metallurgy. India and China's combined populations exceed two billion people, making them the largest and most important developing economies in the region. SOUNDBITE: (English) "This is a very significant event. It will promote trade relations between the two countries. I would say it is a step forward in the direction of promoting economic cooperation and trade relations." SUPER CAPTION: Murasoli Maran, Indian Commerce and Industry Minister India's commerce minister called further measures to encourage trade, including the smooth exchange of information between businesses, the development of bilateral trade, labor contracting and mutual investment. One move resulting from the past two days of trade talks is an agreement to send a team of Chinese technicians to India to explore the possibility of establishing a joint venture iron and steel plant. China also vowed to increase its iron ore imports from India. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/63ab1ac5f5be5667acff21a91f9d3dcb Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 2043 AP Archive
G20 backs plan to stop global tax avoidance and evasion
 
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Finance ministers from the G20 group of leading nations have formally backed plans to tackle international tax avoidance and evasion. A statement issued earlier supports the automatic exchange of tax information between countries. It also backs plans by the Organisation for Economic Cooperation and Development to stop firms moving their profits across borders to avoid taxes.
Views: 33 YourNewsAnnouncer
Interview with P. Hooper - OECD
 
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OECD information exchange and the banking secrecy An interview with Will P. Hooper, ex banker and consultant for Privacy Management Group The year 2015 will be remembered for the introduction of the automatic exchange of information concerning taxes and the loss of one of the most fundamental rights in the history of banking – the end of banking secrecy. In addition to the OECD model agreement between more than 130 countries and EU-FATCA, some other information exchange and transparency initiatives evolved. Moreover, the initiative within the European Union to extend the automatic information exchange relating to taxes, interest rates and assistance directives, the OECD promotes the development of a standardised, bilateral and automatic information exchange on the basis of the intergovernmental agreement of FATCA. We are talking about the upcoming changes which will evolve from that, with the press officer of Privacy Management Group, Will P. Hooper, in the United Arab Emirates. EO.: Mr. Hooper, is the banking secrecy now a relic of the past? W.P.H: Yes and no. Within the European Union and in connection with Switzerland, there is no doubt that the banking secrecy will be gone in a few months. But you can still find global loopholes until the end of the year which cannot or are not supposed to be taken down. EO.: The term “loophole” sounds a little bit dodgy. What do you mean by that? W.P.H: It is not dodgy at all. Everybody who has the right to close a company bank account within the European Union will relocate the accounts to a non-EU country. Everybody who is a beneficial owner of a bank account outside of the European Union will make sure that the account balance will not exceed USD 250,000. According to current implementations, company bank accounts will be excluded of the compulsory registration according to OECD as long as they were opened before the deadline and as long as they do not exceed the required account balance. EO.: And the private investor? W.P.H: I have been in the banking industry for more than 36 years and the development I predict will be as follows: The private investor will probably get the money out of Europe and invest it through a company in order to have his or her assets better invested elsewhere. Private bank accounts will be replaced by business accounts and what I mentioned earlier will apply here again. EO.: And after the 31st December 2015? W.P.H: In case the model agreements will actually come true and the technical requirements are in place, a bank account which was opened before the 31st of December 2015 will not fall under the compulsory registration and reporting requirements. Congratulations to those who will use the upcoming months wisely. EO.: The terms „EU-FATCA“ and „OECD Common Reporting Standard“ can be read and heard everywhere these days. What are they all about? W.P.H: We have to differentiate here, even if the main players behind both terms have the same goals. „EU-FATCA“ means the 2014 agreement of the EU finance ministers. This includes an extended administrative assistance guideline. According to these guidelines, the EU countries are obligated to implement an automatic exchange of information for tax relevant bank accounts. The context is very similar to the Common Reporting Standard of the OECD which was finalised last July. The implementation is supposed to be applied by 2017. Only Austria makes an exception here. The republic of Austria wants to follow in 2018 together with Switzerland. The term “OECD Common Reporting Standard“ means that the incorporation of a non-EU company with a respective bank account is not possibly indefinitely anymore. According to current implementations, that would mean that only non-EU bank accounts which were opened before the 31st of December 2015 do not fall within the compulsory registration. And even those accounts must not exceed an account balance of USD 250,000 on the first of January each year or at any time. EO.: Therefore the banking secrecy does not exist anymore from the first of January 2016 onwards. Will discretion and data privacy be a relic of the past? W.P.H: I wouldn't put it this way. Everybody has the right to choose their residence outside of the EU or to relocate. And in such a case the EU-FATCA becomes meaningless. Tax advantages can be gained and the living standards abroad can be much higher compared to your current country. EO.: Emigrating? This might sound rather challenging for most of our readers. (An Excerpt from an Interview) Privacy Management Group FZ-LLC Mainpage: https://uae-company-service.com/
Swiss Finance Dept: Exchange of information on tax matters governed by treaty
 
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Switzerland's Finance Department, in response to an email by Headlines Today, has said that the exchange of information on tax matters between India and Switzerland is based on the double taxation agreement. Swiss authorities also said that the information can be shared in a court hearing tax matters. For more news from Headlines Today visit https://www.youtube.com/channel/UCZdjh94PIFy6fDekDtWRRJQ Tweet us on Twitter: https://twitter.com/headlinestoday Like us on Facebook: https://www.facebook.com/headlinestoday
Views: 149 Headlines Today
Making Europe's consumers safer
 
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http://ec.europa.eu/consumers/safety/rapex/ The RAPEX rapid alert system for dangerous consumer products is proving a success throughout Europe. The system is intended to address risks to health and safety through the rapid exchange of information between EU countries. When a non-food product is found to be dangerous, the national authorities notify the commission which can then either ban the product or let it be sold on certain conditions. In April, the EU revealed the results of the 2006 RAPEX report, which highlights a sharp rise in the number of notifications resulting in the withdrawal from the market of many products.
Views: 12355 European Commission
Countries hold first Brazil-China Capital Markets Forum
 
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(22 Feb 2011) 1. Wide exterior of Hotel Unique 2. Mid exterior of hotel 3. Wide of credentials area 4. Wide of event sign and logo 5. Close-up of event sign and logo 6. Wide of auditorium and audience 7. Various of president of Brazilian Development Bank Luciano Coutinho at the podium 8. Close up of Coutinho, at the podium 9. SOUNDBITE: (Mandarin) Zhang Yujun, President of Shanghai Stock Exchange: "We hope that by promoting capital markets through the exchange of information, we can cooperate closely with one another." 10. Mid of panel speakers 11. SOUNDBITE: (Portuguese) Edemar Pinto, President of BM&FBOVESPA, speaking through a screen: "We are proud to have the opportunity to develop our relationship with the world's most dynamic economy, at a time when Brazil sparks the interest of foreign investors for its regulatory maturity and its operational transparency." 12. Wide of BM&FBOVESPA trading floor 13. Close up of trading screen 14. SOUNDBITE: (Chinese) Li Guoqiang, Executive Financial Director of Sany Heavy Industry Co., Ltd.: "The memo of understanding will have a big long-term impact on my business. Through the close cooperation of the Brazilian and Chinese markets, Sany can speed up the pace of its international growth. Not just from the construction machinery angle, but also from the financial perspective. Sany can expand its brand name, boost the confidence of its clients, and enhance its financing capabilities." 15. Various of BM&FBOVESPA trading floor 16. SOUNDBITE: (English) Eduardo Guardia, BM&FBOVESPA's executive Financial, Corporate and Investor Relations director: "This initiative will help market participants, broker houses, investment bankers, investors in both countries, to know better the investment opportunities they have in each country. And therefore, in the future, this initiative can help both countries not only to increase even more the exchange of information, but also investment from Brazil to China, from China to Brazil." 17. Various of exterior of BM&FBOVESPA building STORYLINE: Brazil's BM&FBOVESPA and China's Shanghai Stock Exchange held the first Brazil-China Capital Markets Forum on Tuesday at the Hotel Unique, in Sao Paulo. On Monday, the two stock exchanges signed a memorandum of understanding, whereby they agreed to exchange information in the hope of bringing the two markets into closer cooperation. The President of the Shanghai Stock Exchange, Zhang Yujun, spoke to the Brazilian and Chinese audience, emphasising his hopes that the agreement would bring the two countries closer economically. Edemar Pinto, president of BM&FBOVESPA, could not be present at the event but sent a pre-taped message in which he expressed his hopes that the agreement would strengthen the relationship between the two countries. While the agreement only stipulates an exchange of information between the two countries, according to Eduardo Guardia, BM&FBOVESPA's executive Financial, Corporate and Investor Relations director, it is intended to bolster trading and investment opportunities between the two countries. Tuesday's forum was the first in a series of bi-lateral discussions over the next several months as Brazil and China continue to forge stronger economic ties. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/116ebba78afc30f743614bfa9b6f02b4 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 86 AP Archive
EXCHANGE OF INFORMATION TECHNOLOGY BETWEEN INDIA AND OTHER COUNTRIES
 
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IT AND ITES SECTOR INTRODUCTION The global sourcing market in India continues to grow at a higher pace compared to the IT-BPM industry. India is the leading sourcing destination across the world, accounting for approximately 55 per cent market share of the US$ 185-190 billion global services sourcing business in 2017-18. Indian IT & ITeS companies have set up over 1,000 global delivery center in about 80 countries across the world. More importantly, the industry has led the economic transformation of the country and altered the perception of India in the global economy. India's cost competitiveness in providing IT services, cost savings of 60–70 per cent over source countries, continues to be the mainstay of its Unique Selling Proposition (USP) in the global sourcing market. However, India is also gaining prominence in terms of intellectual capital with several global IT firms setting up their innovation center in India. India has become the digital capabilities hub of the world with around 75 per cent of global digital talent present in the country. MARKET SIZE The internet industry in India is likely to double to reach US$ 250 billion by 2020, growing to 7.5 per cent of gross domestic product (GDP). The number of internet users in India is expected to reach 730 million by 2020, supported by fast adoption of digital technology, according to a report by National Association of Software and Services Companies (NASSCOM). Indian IT exports increased to US$ 126 billion in FY18 while domestic revenues (including hardware) advanced to US$ 41 billion. Indian IT and BPM industry is expected to grow to US$ 350 billion by 2025 and BPM is expected to account for US$ 50-55 billion out of the total revenue. Total spending on IT by banking and security firms in India is expected to grow 8.6 per cent year-on-year to US$ 7.8 billion by 2017!!. India’s Personal Computer (PC) shipment advanced 11.4 per cent year-on-year to 9.56 million units in 2017 on the back of rise in the quantum of large projects. Revenue from digital segment is expected to comprise 38 per cent of the forecasted US$ 350 billion industry revenue by 2025. INVESTMENTS/ DEVELOPMENT Indian IT's core competencies and strengths have attracted significant investments from major countries. The computer software and hardware sector in India attracted cumulative Foreign Direct Investment (FDI) inflows US$ 29.825 billion from April 2000 to December 2017, according to data released by the Department of Industrial Policy and Promotion (DIPP). Leading Indian IT firms like Infosys, Wipro, TCS and Tech Mahindra, are diversifying their offerings and showcasing leading ideas in blockchain, artificial intelligence to clients using innovation hubs, research and development centers, in order to create differentiated offerings. Some of the major developments in the Indian IT and ITeS sector are as follows: • Nasscom has launched an online platform which is aimed at up-skilling over 2 million technology professionals and skilling another 2 million potential employees and students. • Revenue growth in the BFSI vertical reached nearly 9 per cent y-o-y in the fourth quarter of 2017-18. • As of March 2018, there were over 1,140 GICs operating out of India. • Private Equity (PE)/Venture Capital (VC) investments in India's IT & ITeS sector reached US$ 7.6 billion during April-December 2017. GOVERNMENT INITIATIVES Some of the major initiatives taken by the government to promote IT and ITeS sector in India are as follows: • As a part of Union Budget 2018-19, NITI Aayog is going to set up a national level programme that will enable efforts in AI* and will help in leveraging AI* technology for development works in the country. • The Government of India is going to explore new opportunities in various sectors such as providing BPO service from home, digital healthcare and agriculture to achieve the target of making India a US$ 1 trillion digital economy.
Views: 49 Hardeep Tomar
US CHINA in Shock as INDIA clears their Problem in
 
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US CHINA in Shock as INDIA clears their Problem in . India-US trade estimated to touch $140 billion in 2017 . Cabinet approves protocol amending double taxation avoidance agreement with China . Trade between India and the US is estimated to have jumped substantially from USD 118 billion in 2016 to USD 140 billion in 2017, according to an advocacy group that aims to promote bilateral trade. In 2016, India was the ninth largest trading partner of the US and one of the major countries with which America has had trade deficit of more than USD30 billion. This is expected to continue in 2017 as well, an issue which has repeatedly been raised by President Donald Trump and his top officials in their interaction with their Indian counterpart. "We estimate that in 2017 India's trade (with the US) has gone up from USD 118 billion (the previous year) to USD140," Mukesh Aghi, president of the US India Strategic and Partnership Forum (USISPF) told PTI in an interview. Official figures of annual bilateral trade are yet to come, but the USISPF estimates are based on its own research and surveys. India, Aghi said, has proactively started working on addressing the issue of trade deficit with India. "India roughly has a thousand jet orders with US companies. That will start bringing trade imbalance in the right direction. India, last year bought USD2 billion worth of energy from the US. India spends roughly USD 80 billion dollars acquiring energy. And I think a lot of that will start moving to the US," he said. "I think next five years, you will see a little more balance in the trade between two countries," Aghi said. India and the US have set a goal of increasing the bilateral trade to USD 500 billion a year. "I think it (bilateral trade) is moving," he said. Overall, the relationship between India and the US is moving in a right direction. NEW DELHI The union cabinet has approved the signing and ratification of protocol amending the double taxation avoidance agreement with China, an official statement said on Wednesday. The cabinet, which met under the chairmanship of Prime Minister Narendra Modi, gave its nod to changes including updating the existing provisions for exchange of information to the latest international standards. Further the protocol will incorporate changes required to implement treaty related minimum standards under the Action reports of Base Erosion & Profit shifting (BEPS) Project, in which India had participated on an equal footing. Besides minimum standards, the Protocol will also bring in changes as per BEPS Action reports as agreed upon by two sides, it said. Thanks for watching. Subscribe to our channel. Thanks for watching. This is World Conspiracy Daily WC Daily If you have any points comment below. Production: Hades Pictures Music By : Ars_Sonor, Canton Becker Track : Snow Break (SampleSwap.org) , A Dark Blue Arc (freemusicarchive.org) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/ (Copyrighted music by 'canton' shared at www.SampleSwap.org) Creative Commons 'Attribution Share Alike' licensed. See: http://creativecommons.org/licenses/by-sa/3.0/
Views: 27875 WC Daily
OECD Global Forum on Development 2017
 
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OECD Global Forum on Development 2017 5 April 2017, OECD headquarters, Paris, France www.oecd.org/site/oecdgfd Closing the gap between the actual and the desired level of investments to achieve the SDGs is clearly beyond the reach of governments and public lenders. Only with resolute engagement from the private sector, notably through partnerships with the public sector, can this be addressed. Participants at this year’s OECD Global Forum on Development will take stock of existing initiatives to catalyse the power of the private sector in supporting the Sustainable Development Goals, explore new avenues of partnerships to mobilise the necessary resources and understand how the OECD can help.
What is FATCA-Foreign Account Tax Compliance Act-CRS-Common Reporting Standard-Explained-In Hindi
 
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What is FATCA and CRS this is what I am going to explain you in In Hindi. What is FATCA? The Foreign Account Tax Compliance Act (FATCA) is a piece of US tax regulation that aims to combat tax evasion by US persons opening accounts offshore. FATCA aims to detect and discourage offshore tax evasion by U.S. citizens or U.S. residents by requiring financial institutions to identify and report accounts held by U.S. persons. Where account holders refuse to be identified, financial institutions are required to report them based on information available. The main aim of FATCA is to restrict US persons to create wealth outside USA like in Mutual Funds, NPS, Fixed Deposits etc. It not only is for US persons but also binds business entities. Government of India has bilateral agreement with Government of United states to implement FATCA. What is CRS? Alike FATCA, CRS stands for Common Reporting Standard(CRS) is a globally accepted standard to automatic exchange of financial information among nations, set forth by OECD(organization for economic cooperation and development, which is in close cooperation among G-20 nations , EU(European union) and other countries. You can check the status if your FATCA\CRS for is submitted or not online and even you can submit these forms online hassle-free, You just need your PAN Number and mobile number linked to your PAN Number so that you can receive an OTP code and can easily submit the form online. Submit FATCA\CRS Online CAMS: https://www.camsonline.com/FATCA/COL_FATCAOnlineIndividualForm.aspx?amc=ALL KARVY: https://www.karvymfs.com/karvy/fatca-kyc.aspx SUNDARAM BNP PARIBAS: https://www.sundarambnpparibasfs.in/web/service/fatca/ Offline Forms NSDL: https://www.npscra.nsdl.co.in/FATCA-Self-Declaration.php ICICI: https://www.icicibank.com/managed-assets/docs/form-center/fatca-individual.pdf Kotak Mahindra Bank: http://www.kotak.com/bank/common/kotak_offer_files/FATCA_annexure1.pdf This declaration has recently become mandatory for NPS account holders and even nowadays bank account holders while login to net-banking are getting online form automatically to accept and submit it. I received the FATCA\CRS declaration online while logging to my Kotak net-banking account. Please watch the complete video for proper understanding. If you like my video please make me happy by sharing it on social media and subscribing my YouTube channel Share, Support, Subscribe!!! Youtube: https://www.youtube.com/c/TECHBULU Twitter: https://twitter.com/techbulu Facebook: https://www.facebook.com/techbulu/ Pinterest: https://www.pinterest.com/techbulu/ Google Plus: https://goo.gl/sZhdc0 Linkedin: https://www.linkedin.com/in/tech-bulu-15834b140/ BlogSite: http://www.techbulu.com/ AskQuestions: http://www.ask-techbulu.com/ About : TECHBULU is a YouTube Channel, where you will find technical, travel and lifestyle videos, New Video is Posted Everyday :)
Views: 9603 TECH BULU
Belgium offers final tax amnesty before automatic exchange of information | World Finance
 
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Belgium's new tax regularisation regime has come into force, offering a permanent programme for voluntary disclosure – available once, and once only, for Belgian tax residents. Jonathan Chazkal, partner of Afschrift Law Firm, explains the costs and benefits of the new scheme, which taxes are covered, and how to file for regularisation. Please click through to watch the second half of our conversation with Jonathan, where he explains how much information is being exchanged, and the key dates that people should be aware of. For a full transcript visit: http://www.worldfinance.com/videos/belgium-offers-final-tax-amnesty-before-automatic-exchange-of-information For more World Finance videos go to http://www.worldfinance.com/videos/
Views: 7488 worldfinancevideos
How INTERNET Works via Cables in Hindi | Who Owns The Internet ? | Submarine Cables Map in INDIA
 
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Hey Guys, This video will explain you working of internet using optical fiber cables which are also know as Submarine Cables which was installed by Tier 1 Internet Service Providers across world. I've explain you everything how these internet data packets travels through these cables & how the connection works in WAN (Wide Area Networks). You will also learn how Airtel, Jio 4G, Idea, Vodafone, TATA Communication connects you using these cables in India. Cables Map: https://www.submarinecablemap.com Speed Meter: http://www.nixi.in/en/mrtg-statistics Queries Solved: 1) How Internet Works ? 2) Internet working using cables 3) Optical Fiber & Submarine Cables Map 4) Working of data packets 5) Internet Kaise Chalta hai ? 6) Wide area network working in details 7) Hindi me jane internet kaam kese kerta hai 8) Who owns our internet or net 9) Internet Service Provider in India: Reliance JIO, Tata Communication, Idea, Vodafone, Bharti Airtel, Tikona, Hathway 10) Internet Kiska Hai ? Social Links: [FOLLOW] Facebook: https://fb.com/SidTalk/ Twitter: https://twitter.com/Sid_Talk Instagram: https://instagram.com/Sid_Talk/ Google+: https://google.com/+SidTalk PS: Don't forget to SUBSCRIBE SidTalk for more Trusted & Awesome videos.
Views: 11329728 SidTalk
U.S., Korea agree to exchange financial account information 

국무회의, 한 미 금융정보 교환
 
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If you′re a Korean in America or an American in Korea,... consider taking note of a new financial agreement between the two countries that′s designed to prevent double taxation or tax evasion. During a Cabinet meeting Tuesday, chaired by deputy Prime Minister Choi Kyung-hwan,...in his role as acting prime minister, the government passed a revised bill that requires the automatic exchange of financial account information for taxpayers from both countries every year. The agreement will also ensure confidentiality and the proper use of information, while promoting tax transparency. It stipulates that Korean financial institutions are not subject to withholding tax under U.S. federal tax law. The new measure is expected to come into effect in Korea in September.
Views: 37 ARIRANG NEWS
Top 10 Offshore Tax Havens You Can Still Stash Your Cash
 
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Get more Tips here! www.destinationtips.com Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts. Here is a list of the top 10 Biggest Tax Havens in the World. (Ranking is based on a combination of its secrecy score and scale weighting) #10 United Arab Emirates One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement. A large slice of the inbound money comes in the form gold. Secrecy Score: 77% Tax Haven Status: Tiny #9 Bahrain An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries. Secrecy Score: 74% Tax Haven Status: Small #8 Germany Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist Secrecy Score: 56% Tax Haven Status: Huge but Shifty #7 Lebanon Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient. Secrecy Score: 79% Tax Haven Status: Small and Secure #6 Luxembourg The most important private banking and wealth management center in the Eurozone. It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers. Breaking professional secrecy can result in a prison sentence Secrecy Score: 55% Tax Haven Status: Huge #5 The Cayman Islands Banking assets worth $1.4 trillion in June 2014. Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion. It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it. Secrecy Score: 65% Tax Haven Status: Aggressively Protective #4 Singapore A major wealth management center, with $1.4 trillion in assets under management in 2013. In 2014 it become Asia’s largest foreign exchange trading center. It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership. Secrecy Score: 69% Tax Haven Status: Intentionally Blind? #3 USA The U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities. Secrecy Score: 60% Tax Haven Status: Ironic #2 Hong Kong Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets. China’s control over Hong Kong has shielded it from global transparency initiatives. It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS. Secrecy Score: 72% Tax Haven Status: See-No-Evil #1 Switzerland Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934 However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders Secrecy Score: 73% Tax Haven Status: BOSS
Views: 40471 Destination Tips
MAKE INSPIRE WORK FOR YOU!
 
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Through the Infrastructure for Spatial Information in the European Community (INSPIRE), the European Union has created common standards to facilitate the exchange of information and data between the local, regional, national and European or international levels and thus support integrated policy decision-making at all levels of government. INSPIRE is a set of EU and national legal acts and their coordinated implementation. INSPIRE provides a large number of common data models, covering 34 data themes, to facilitate data interoperability across EU countries. While these address many basic use cases, they often need to be extended to serve national as well as domain specific needs. No problem! The INSPIRE core data models are designed to be extensible. This short video uses the example of the energy efficiency of building to demonstrate how to make INSPIRE work for you.  Links: INSPIRE: http://inspire.ec.europa.eu/ INSPIRE Extensions: http://inspire.ec.europa.eu/portfolio/extensions INSPIRE Find your scope: http://inspire.ec.europa.eu/portfolio/find-your-scope INSPIRE MIG: http://inspire.ec.europa.eu/inspire-maintenance-and-implementation INSPIRE Energy Efficiency of Buildings Pilot http://inspire.ec.europa.eu/pilot-projects/inspire-energy-pilot/440
Views: 2774 Inspire EU
Focus on Funds: Plans for a New Global Tax Compliance System
 
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(Transcript is below) The February 21, 2014, issue of Focus on Funds explains the new framework from the Organisation for Economic Co-operation and Development (OECD) for automatic exchange of information (AEOI), and clarifies what it means for funds and their investors. ICI's statement on the OECD's announcement is available here: http://www.iciglobal.org/iciglobal/news/news/ci.14_news_tax_framework.global ___________________________ VIDEO TRANSCRIPT Stephanie Ortbals-Tibbs, Director, ICI Media Relations: Welcome to Focus on Funds, the Investment Company Institute's weekly roundup of industry news, ICI activities, and research findings. The framework for a new global tax compliance system is now on the table. The Organisation for Economic Co-operation and Development (OECD) has announced a framework for collecting customer information from financial institutions, and exchanging that information between governments globally. It's called the automatic exchange of information, or AEOI. Here's what it means for funds and their investors. Keith Lawson, ICI/ICI Global Senior Counsel, Tax Law: The OECD's announced standard for automatic exchange of information generally takes into account the many concerns of funds and their investors. Most importantly, compliance with the standard will be relatively straightforward because it aligns with the existing U.S. Foreign Account Tax Compliance Act, also known as FATCA. The next step is to ensure implementation is sensible and cost-effective. There are four keys to effective implementation of the automatic exchange of information. The first is we need detailed guidance. The OECD right now, in conjunction with business, is working on guidance known as commentary. This commentary should be out hopefully by July. Second, it's important that all of the countries adopt these reporting standards consistently. If there are inconsistencies in adoption, we lose many of the benefits of standardization. Third, countries may well need to modify their domestic laws, particularly data privacy laws, to ensure funds can collect, retain, and report the information about their customers. And finally, sufficient time will be needed so that the funds can be ready when they are required to provide this information to their governments, which will exchange it with other governments. Unless these four steps are taken, funds and their investors will face unnecessarily high costs and reporting burdens. Stephanie Ortbals-Tibbs: Lawson adds that ICI and ICI Global worked closely with the OECD on formation of the initial framework, and will remain very engaged in the implementation process, as a voice for funds and investors. That's this week in funds. See you next week.
Views: 121 ICI Video
S'pore strengthens tax framework to combat tax evasion - 14May2013
 
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SINGAPORE: Singapore is strengthening its international tax cooperation framework to combat cross-border tax offences. This follows a review of Singapore's current framework to co-operate with other countries after endorsing the internationally agreed standard for exchange of information for tax purposes (the "Standard") in 2009. Among the key changes, the government will allow the Inland Revenue Authority of Singapore to obtain bank and trust information from financial institutions without having to seek a court order. Singapore will extend exchange of information to all tax agreement partners, subject to reciprocity. Singapore will also sign up to the Organisation for Economic Cooperation and Development's (OECD) multilateral treaty on sharing tax details. Together, they will more than double the number of jurisdictions that Singapore will be able to exchange information with from 41 to 83. These new countries include the United States and Brazil. The OECD on Tuesday welcomed Singapore's decision, describing it as a "very significant move" to improve information exchange. Singapore will also conclude an agreement with the United States to help financial institutions in Singapore comply with the Foreign Account Tax Compliance Act (FATCA) - a US law which requires all financial institutions outside of the US to pass information about overseas accounts held by American citizens to the US authorities on a regular basis. Singapore will make the necessary legislative amendments to effect the changes before the end of this year. Singapore's latest move comes on the back of recent efforts by governments in Europe and in the US to clamp down on tax evasion as they try to deal with rising levels of public debt. Paul Lau from PricewaterhouseCoopers explained: "Globally, there is a push towards greater transparency, greater information reporting. You see the US introducing FATCA, and the OECD picking up on the various themes, including focusing on tax intermediaries." Singapore's Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam said: "These changes we are now making are a major enhancement, in step with the strengthening of international standards for exchange of information. But new standards can only work if all jurisdictions subscribe to them. Singapore will work with our international partners to achieve just that, and ensure there is no room for regulatory arbitrage." Mr Tharman, who is also Chairman of the Monetary Authority of Singapore, added: "There is no conflict between high standards of financial integrity and keeping our strengths as a centre for managing wealth. Singapore will continue to be a vibrant wealth management centre, with laws and rules that safeguard legitimate funds and reject tainted money." In a joint statement, the Finance Ministry, Monetary Authority of Singapore and the Inland Revenue Authority of Singapore reiterated the government's commitment to working with international partners to combat cross-border tax offences. This includes assistance in connection with the recent disclosure that the tax authorities of Australia, UK and US are investigating complex offshore structures that may be involved in wrongdoing. The authorities added that Singapore's current laws already allow for assistance in connection with such wrongdoings, if any. www.channelnewsasia.com/news/business/singapore/s-pore-strengthens-tax-framework-to-comb/674546.html
Views: 305 154thmedia2013
The Responsibilities of Governments: The Case of Transparency
 
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Human Rights and Tax in an Unequal World September 23, 2016 NYU Law's Center for Human Rights and Global Justice The Responsibilities of Governments: The Case of Transparency Panelists: Miranda Stewart, Australian National University Joshua Blank, NYU School of Law Arthur Cockfield, Queen’s University Faculty of Law Tracy Kaye, Seton Hall Law Alessandro Turina, IBFD This panel focused on the unique role of the State with regard to the regulation of tax transparency, in view of State duties to respect, protect and fulfill human rights. Panelists will reflect on how governments are or should be legislating and enforcing transparency obligations, and the potential unintended consequences of doing so. The principles of transparency and accountability, firmly grounded in international human rights law, underlie demands for greater disclosure of information on tax payments and corporate ownership, within and between countries. Many States have agreed to begin automatic exchange of taxpayer information in 2017–2018 and some have adopted new provisions requiring country-by-country reporting of corporate profits, tax payments, and beneficial ownership. At the same time, privacy concerns regarding the use and abuse of taxpayer data loom large. Corporate actors are increasingly using human rights principles and institutions to vindicate their privacy and property rights against the State’s powers to tax and to demand information regarding taxpayer practices. This session will examine in what ways the perspectives of tax and human rights experts coalesce or collide on issues of transparency and privacy in the realm of taxation, and address the proper role for States in regulating tax practices.
Views: 125 NYU School of Law
Pakistan, Switzerland to sign agreement on exchange of information about bank accounts: Ishaq Dar
 
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ISLAMABAD: Swiss authorities have agreed to provide information about Pakistani accounts in Swiss banks, Finance Minister Ishaq Dar said in a policy statement in the National Assembly on Wednesday, ARY News reported. Swiss authorities have consented to sign an agreement on our conditions, Dar said in a statement on the floor of the lower house. The two sides will sign the agreement on March 21st. Several meetings were held between the two sides and now the Swiss Authorities have invited Pakistan to sign the agreement, the minister said. Finance Minister said Pakistan has already signed the Multilateral Convention on Tax Matters with Organization for Economic Cooperation and Development (OECD) on September 14, 2016 which is going to be operationalized next year. It will be impossible to keep tax evasion money in these countries after operationalization of this convention, he said. Finance Minister Ishaq Dar in his May 14, 2014, statement had informed the National Assembly that at least $200 billion of Pakistani money was stashed away in Swiss banks. The minister had told the house in a written reply that the government was engaging with Swiss authorities to get to the money, hidden away by various Pakistani nationals. The minister in his detailed response to a question raised by Dr Arif Alvi of the Pakistan Tehreek-i-Insaf (PTI), had quoted statements by a Swiss banker and a former Swiss government minister: “One of the directors of Credit Suisse AG stated on the record that $97 billion worth of Pakistani capital was deposited only in his bank. Similarly, Micheline Calmy-Rey, a former Swiss foreign minister, is reported to have put the amount of Pakistani money hidden in Switzerland at $200 billion — a statement that was never contradicted,” he revealed. The minister had said that he believed the figures were correct.
Views: 2238 ARY News
NATO in Afghanistan - Virtual Silk Highway Project
 
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The NATO Virtual Silk Highway Project is a computer networking project; it is designed specifically to facilitate the exchange of information between academic and educational institutions in the Caucasus and Central Asia with peers in the rest of the world. The main target areas of the new initiative are Afghanistan and the Caucasus : Armenia, Azerbaijan and Georgia and Central Asia with the countries Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan Key benefits of the NATO programme : The SILK Network serves as a positive and constructive tool for the scientists and researchers of eight NATO Partner countries to share information and exchange ideas between themselves and their peers around the world. Did you know ? Each year, approximately 10,000 scientists from EAPC countries are involved in the NATO Science Programme. Approximately 1,100 NATO Science Fellowships are awarded each year. There are about 100 scientific meetings held each year with over 5,000 participants from NATO member and Partner countries involved in the Virtual Silk Highway Project http://www.nato.int/docu/update/2009/02-february/e0202b.html NATO Homepage: http://www.nato.int
Views: 660 NATO
This is WAPES
 
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WAPES is a platform for labour market and employment contacts and the exchange of information between member countries, and a global speaking partner in the field of employment and labour market issues. Visit our website www.wapes.org/en WAPES (the World Association of Public Employment Services) is a global association of Public Employment Services. Almost 85 Public Employment Services from all over the world are members; together they represent more than 1 million staff, and they manage labour markets with unemployment rates ranging from two to 80 per cent. WAPES was founded in 1988 by the public employment services of Canada, France, Germany, the Netherlands, Sweden and the USA, together with the International Labour Organisation, ILO. ILO remains an observer to the organisation. WAPES is based on the values of its members. The values are non-for-profit orientation, transparency, equal opportunities, high quality in service delivery, accessibility, and service-orientation.
Views: 180 Contact WAPES
EU's Juncker Says Politically Responsible for Luxembourg Tax Deals
 
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The new European Commission president, Luxembourg's Jean-Claude Juncker, took political responsibility for his country's tax practices on Wednesday, saying he would fight tax evasion with more automatic exchange of information between countries. Juncker said, "I am politically responsible for what happened in each and every corner and quarter (of Luxembourg)." Juncker added that while in line with Luxembourg and European laws, the tax practices may not have been ethical. http://feeds.reuters.com/~r/news/economy/~3/67tnqltxg98/story01.htm http://www.wochit.com
Views: 60 Wochit News
Information Center in Spain operated by the esCERT-UPC
 
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esCERT-UPC, as a partner of the LIVE-FOR project, has set up an information center to serve as the point for direct face-to-face communication and exchange of information between the project partners and the targeted groups in Western European Countries. To contact the information center, please send an e-mail to [email protected]
Views: 68 InLab FIB
U.S.-Cuba Educational Exchange Opportunities
 
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U.S. Educational Exchange Opportunities in Cuba in a New Era of Engagement: Promoting the free flow of information to, from, and within Cuba and building people-to-people ties, including through academic exchange, has been a key component of this Administration’s policy toward Cuba for years.  President Obama’s announcement that the United States would shift from a policy of isolation to one of engagement almost one year ago on December 17, 2014 has had and will have a significant impact on educational exchanges between the two countries.   Are you a student or faculty member interested in traveling to Cuba for an exchange experience?  Are you an academic institution that wants to set-up your own exchange partnership in Cuba? If so, check out this Google+ Hangout on educational exchanges and opportunities for U.S. persons and organizations in Cuba.  You can engage with both U.S. government and practitioner/academic representatives to learn about academic exchange opportunities and avenues in place to facilitate exchanges, as well as recommendations (nuts and bolts) for universities/organizations interested in establishing an exchange partnership in Cuba.   Ask your questions now and tune in on Wednesday, December 16 for the answers.
Russia-India ने 1993 में हुई संधि को किया मजबूत, विश्व पटल पर बनेगा नया इतिहास
 
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India and Russia have signed the Anti-Terrorism Agreement The agreement was signed in the presence of Home Minister Rajnath Singh and Interior Minister for Russian Vladimir Kalokotsev. It is a new form of treaty in October 1993. In a joint statement in both the countries, it said that terrorism is neither good nor bad. It is only terrorism and every possible effort should be made to fight it. It was decided between the two countries that with the exchange of information to fight terrorism, training of police forces would be done faster. Russia and India expressed happiness over the fact that for 70 years, relations between the two countries are writing new terms. Both expressed the hope that both the countries will be standing firmly with each other in the future. During this time both of them churned on the dangers arising from narcotics trafficking. Russian Ambassador to India Pankaj Saran and Russian Deputy Interior Security Minister Igor Zubov signed the agreement. On behalf of the Home Ministry, it was told that after the agreement between the two countries it will be possible to strike a strike on terrorism. Now with the help of new techniques, intelligence forces can be put in this direction, then the exchange of information can be broken by terrorists.Indilinks News Network is the best portal through which you can share interesting news, photos and videos with your friends and all the people around you. Follow us on social : To Subscribe us, click Here https://goo.gl/40dVaL Like our facebook Page , Click Here https://goo.gl/BLw0Ga Follow Us on Twitter, Click Here https://goo.gl/D8efSh
Views: 65551 News Now
2nd Annual Global Social Service Workforce Alliance Symposium
 
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The Global Social Service Workforce Alliance (www.socialserviceworkforce.org) hosted its 2nd Annual Symposium on June 10, 2015. The event was held at the United States Institute of Peace in Washington, DC, and also via live webcast. A total of 365 participants from 20 countries across NGOs, government, academia, donors and others discussed ways in which planning, developing and supporting the social service workforce can strengthen the social service system and best provide services to vulnerable children, families and communities. The symposium enabled the exchange of information between members of the Alliance and other family strengthening, health and social service workforce experts across countries and regions. The first State of the Social Service Workforce 2015 Report was also disseminated during the event. The report is a review of the workforce in 15 countries and is viewable at: www.socialserviceworkforce.org/2015report The symposium was made possible through funding from the United States Agency for International Development (USAID) to the 4Children project (led by CRS) through the President’s Emergency Plan for AIDS Relief (PEPFAR) program and also by the GHR Foundation. The Alliance is hosted by IntraHealth International. For more information, visit: www.socialserviceworkforce.org/2nd-annual-global-social-service-workforce-alliance-symposium
South-South Knowledge Exchange
 
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South-South knowledge exchange is a powerful way of transferring, replicating, and scaling up "what works" in development. South-South knowledge exchange is just-in-time sharing of information and experiences among development practitioners and leaders. It can include debates about options for policy reform, topic-specific field visits between developing countries, or dialogues among various stakeholders as a way of building consensus and coalitions for reform. The World Bank Institute helps countries to learn from each other through South-South Knowledge Exchange. This video animation explains the concept of South-South knowledge exchange in a simple way. For more information, please visit http://www.worldbank.org/wbi and http://wbi.worldbank.org/sske/
Views: 2385 World Bank
Launching Balloons into North Korea: Propaganda Over Pyongyang
 
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North and South Korea are, both legally and philosophically, in a state of war. While the guns may be silent, the conflict between the two countries has now become one of propaganda. With the assistance of the Human Rights Foundation, North Korean defectors now in South Korea have been launching hydrogen-filled balloons across the 38th parallel — carrying both money and propaganda. In late 2014, a balloon launch sparked a brief exchange of gunfire between North and South Korean soldiers, and even more recently, Pyongyang has promised that hellfire will rain on South Korea if any copies of the controversial Hollywood comedy The Interview make it across the border. VICE News traveled to Seoul to meet frontline soldiers in this information war — and to attend a clandestine launch of propaganda balloons into the Hermit Kingdom. Watch "When VICE Met Kim Jong-un” - http://bit.ly/1MGt8BU Read "'A Sign of How Bad Things Are': North Korea Is Sidling Up to Russia Again” - http://bit.ly/1DtExoZ Read "Here's How China Is Screwing North Korea's Economy” - http://bit.ly/1wRSBX9 Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News Check out VICE News for more: http://vicenews.com Follow VICE News here: Facebook: https://www.facebook.com/vicenews Twitter: https://twitter.com/vicenews Tumblr: http://vicenews.tumblr.com/ Instagram: http://instagram.com/vicenews More videos from the VICE network: https://www.fb.com/vicevideos
Views: 1550174 VICE News
Countries across Africa need to work together to combat poaching -  INTERPOL
 
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Countries across Africa need to work together to combat poaching - According to INTERPOL it is only through the exchange of information that the scourge can be eradicated. The United National Environmental Programme and INTERPOL are assisting member countries to come up with innovative policing strategies to combat environmental crime
Views: 65 SABC Digital News
ASEAN conference aimed at combatting terrorism
 
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1. Panning shot of ASEAN senior officials posing before conference opened 2. Philippine National Security Adviser Roilo Golez, Thai Police Major General Manolechagul 3. Panning shot of opening ceremonies 4. Golez speaking at podium 5. Malaysian delegation 6. Thai delegation 7. Indonesian delegation 8. SOUNDBITE: (English) Roilo Golez, Philippines National Security Adviser "In this two and a half day simulation exercise, we will look at each country's terms of reference in the establishment in the joint committee and the communication-cum-liaison center, so we can form a solid foundation in facilitating exchanges of information and thereby preventing terrorists from using our respective countries as staging area for violence, fear and destruction." 9. Camera 10. Open forum 11. SOUNDBITE: (English) Roilo Golez, Philippines National Security Adviser "We here in ASEAN, the president, (Philippine) President Gloria Macapagal Arroyo, is very serious in the fight against terrorism. We do not take anything for granted, and that is why we prepare accordingly. In this simulation exercise, we expect to benefit from the experiences of the other ASEAN countries. No one is an expert in this new security environment. We have to share information, we have to share intelligence, and we have to share our experiences and our knowledge" 10. Reporters STORYLINE: Justice and Foreign Minister officials from five members of the Association of Southeast Asian Nations, or ASEAN, opened a "Multilateral Simulation Exercise" in Manila on Tuesday, aimed at enhancing exchange of information and establishing communication procedures between the countries, as part of their joint efforts in combatting terrorism. Philippine National Security Adviser Roilo Golez opened the two- and-a-half-day conference. The Philippines, Malaysia, Indonesia, Thailand and Cambodia are all participating. Representatives from the other ASEAN countries were also present as observers. During his opening speech, Golez said that a solid foundation for facilitating exchange of information, will help prevent terrorists in using their countries as staging area for terrorism activities. Golez said the ASEAN was serious about addressing the problem of terrorism. He said that preparation was key, although there were no specific threats. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/f26ed2f08d3c3fffc3c2b7c44c78dba5 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 30 AP Archive
Money Transfer Explained
 
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Money transfer services can save you a lot of money when doing international transfers compared to the ATM or the bank. How do they work and are they worth the effort? Recommended money transfer services: **1st choice** CurrencyFair https://www.currencyfair.com/?channel=RGN3H1 [Referral link. Free transfer + 30€ bonus if you transfer 2000€ or equivalent] Usually the least expensive, but also the smallest list of supported currencies/countries. Use CurrencyFair first if your money comes *from* Europe, UK, Australia or any country where CurrencyFair has a local bank account. List of supported currencies to ‘send in’: https://app.currencyfair.com/support/en/sending-in/16 Check if they have a local account to ‘send in’ your currency: https://www.currencyfair.com/how-it-works/exchange-process-times/ (For example, they do not have local accounts in the US, Canada and New Zealand even if they accept the respective currencies.) **2nd Choice** TransferWise http://bit.ly/creativenomad_TW1 [Referral Link to support this channel. The free transfer promotion has been phased out! Sorry. :( ] Use TransferWise first if your money comes *from* the US, Canada, New Zealand or any supported country with a local account. Also use them to get an extra free transfer after using up your CurrencyFair freebie. List of supported countries here: http://bit.ly/creativenomad_TW2 How to make a transfer step-by-step here: https://www.youtube.com/watch?v=EWCFao8kcbI **3rd Choice** XE.com http://www.xe.com/xemoneytransfer/ Use XE.com if you need to transfer from a currency/country that is not supported by CurrencyFair or TransferWise, like sending money *from* Mexico. List of supported currencies here: http://www.xe.com/xemoneytransfer/ca/#currencies **EXTRA INFO** Good post comparing various money transfer services: https://www.currencyfair.com/blog/money-transfer-companies-compared/ Excellent website that compares various services including spread and fees for a given trade: https://moneytis.com/ Tips: ** You need a bank account at both ends of the transaction. The receiving account usually doesn't have to be yours, so you can use a (trusted!) friend's account if your are in a pinch. ** Compare your particular trade between services, pricing varies a lot depending on countries and currencies. ** Money transfer services are usually slow. The delay can be from a few hours to a few business days to more than a week in some cases. Plan ahead. ** Always test a new transfer service with a smaller amount first (a few hundred dollars or equivalent) to make sure everything is working as expected. ** Break down very big transfers into smaller chunks. It minimizes risk if anything goes wrong and it avoids getting flagged by government checks (usually around 10000US$, varies by country). It also evens out variations in the exchange rate if you do multiple transfers over a few weeks instead of all on the same day.
Views: 43547 CreativeNomad TV
Disestablishment of the single market
 
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During the debate on the exchange of information in the field of taxation between the member states taken place in the plenary session of the European Parliament in Brussels, Golden Dawn MEP Lampros Fountoulis took the floor. He highlighted that the idea of single market itself favoured the tax avoidance of big companies because of the different tax rates, while he demanded the disestablishment of single market by leaving out any thought on the cession of tax deductibility to the Union. “For one more time the European Union has failed to meet the requirements of the citizens. Even worse, this report not only will not tackle the tax evasion of big companies, but also it creates logical concerns about the security of personal data and the way in which they can be employed in the future. Firstly, the tax regime of many member states allows the tax avoidance for those who have the means in order to discover and take advantage of the various loopholes in the law. But, the most important thing is the fact that the idea of the single market itself exhorts citizens to tax avoidance, since tax regime is not the same in all European countries. Of course, it is irrational to expect from a company that it will remain in a country paying multiple taxation, while because of the single market there is the ability to transfer its headquarters avoiding in this way the loss of huge amount of money. This is not possible, of course, for small and medium-sized enterprises, which are naturally unable to operate such a practice. But, due to the fact that single taxation would constitute unacceptable cession of national sovereignty according to us, we, therefore, support the reintroduction of national borders regarding the movement of goods or provision of services inside the European Union.”
France: Activists protest tax evasion as ex-minister Cahuzac's fraud trial kicks off
 
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Around 150 activists placed nearly 200 chairs in front of the Palais de Justice in Paris to protest against tax evasion as former French Budget Minister Jerome Cahuzac's tax fraud trial kicked off in the Court of Cassation, Monday. SOT, Guillaume, spokesperson of the collective (French): "It makes 196 chairs because we do not want that only a man is judged (reference to the Cahuzac affair). What we want is the process of tax evasion and to stop the organised system of tax evasion. So we will let the 196 chairs at our friends the police to challenge themselves to justice." SOT, Labrousse, protester (French): "It is a real fight against tax evasion and has not yet been launched. I even heard this morning on the radio that the Cahuzac affair had the merit of opening a regulation change on taxation. This is partly true, there is exchange of information between countries, on demand. But at the same time, people who are in charge of this work, including Bercy, are paid well and have to work effectively. So we have laws, rules, but not the means to apply them. We have to reclaim them. It's a real citizens' robbery!" Video ID: 20160208-033 Video on Demand: http://www.ruptly.tv Contact: [email protected] Twitter: http://twitter.com/Ruptly Facebook: http://www.facebook.com/Ruptly LiveLeak: http://www.liveleak.com/c/Ruptly Vine: https://vine.co/Ruptly Instagram: http://www.instagram.com/Ruptly YouTube: http://www.youtube.com/user/RuptlyTV DailyMotion: http://www.dailymotion.com/ruptly
Views: 240 Ruptly