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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: 19264 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: 1696 alepietrocola
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: 80 Hardeep Tomar
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: 4328 Rabobank
Last News on the Automatic Exchange of Information regarding Switzerland
 
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#RERCT ► site sobre RERCT: http://www.rerct.net.br ☎ 0055 11 434 96 170 (BRAZIL) ☎ 0041 44 212 44 04 (SWITZERLAND) The Government of Switzerland takes the Automatic Exchange of Information very serious. Switzerland is working on a new law involving all sort of countries with the Automatic Exchange of information. Switzerland will exchange non-resident client information with the following countries: China, Indonesia, Russia, Saudi Arabia, Liechtenstein, Colombia, Malaysia, the United Arab Emirates, Montserrat, Aruba, Curaçao, Belize, Costa Rica, Antigua and Barbuda, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, the Cook Islands and the Marshall Islands. Some of the new countries have a very bad ranking according the Corruption Perception Index. Transparency International measures the Perception of Corruption with all countries in the world. Swiss bankers fear that very confidential and sensitive client information can land in the hands of very corrupt tax officers operating in very corrupt countries. Is this the goal of the Automatic Exchange of Information to deliver very confidential information to corrupt officials working in very corrupt countries? Have such countries the IT system in place to comply with the principle of reciprocity with Switzerland delivering the equivalent information? Leia mais aqui: http://www.rerct.net.br/receita-federal-brasil-os-riscos ______________________________________________________________ Caputo & Partners AG ⇨ No hourly fees, flat & success-fee ⇨ Multilingual service ⇨ 24/7 support ⇨ First consultation free ⇨ 20 years of experience ______________________________________________________________ CONTACT DETAILS ☎ 0055 11 434 96 170 (BRAZIL) ☎ 0041 44 212 44 04 (SWITZERLAND) ► Website: https://goo.gl/9NgH5f ► Facebook: https://goo.gl/TB6CKI
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 931754 CrashCourse
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
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
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: 1460 Deloitte Dbriefs AP
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: 5793 Michael Protsenko
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.
International Exchange of Information in Tax Matters
 
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Ine Lejeune, Partner, Tax Policy and Liesbeth Vermeire, Managing Associate – Dispute Resolution & Litigation,Law Square, Brussels. / For the premium version, please visit http://www.era.int/?128249&en Benefits of the premium version: - Interactive features - Certificate to earn CPD points - Offline versions (Video, Audio, PDF) - Quiz Topic: Ine Lejeune and Liesbeth Vermeire give a general overview of the case law of the Court of Justice of the EU and the European Court of Human Rights concerning the rights of the taxable person, with a special focus on the latest case law concerning the international exchange of information. Furthermore, the relation between the CJEU case law and the ECtHR case law is analysed by discussing Case C-73/16 Peter Puškár.
Views: 36 European Law
Top 20 Economies 2019 (GDP PPP)
 
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GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income. (top 10 economies) It is however limited when measuring financial flows between countries and when comparing quality of same goods among countries. PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. (gdp 2019)These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods. (top 10 countries)This video is made by Dr Top 10 and contain Information taken from IMF 2019 Gdp Report and Projections and This video contains the gdp ppp in 2019 of future superpowers like india, china, japan, germany etc and current superpower like US. #top10 #top10economies #gdpppp
Views: 71733 Dr. Top 10
the exchange of students between the countries will be doubled from 50 to 100: PM Narendra Modi
 
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Prime Minister Narendra Modi on Saturday arrived in Ramallah on a historic visit to Palestine during which he met President Mahmoud Abbas and reaffirmed India's support for the Palestinian people. For more information watch this video Stay connected with us on social media platforms: Subscribe us on YouTube https://goo.gl/5v9imZ Like us on Facebook https://www.facebook.com/zee24kalak.in/ Follow us on Twitter https://twitter.com/Zee24Kalak You can also visit us at: http://zeenews.india.com/gujarati
Views: 25 Zee 24 Kalak
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: 12368 European Commission
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: 770 ChipDipvideo
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: 54329 OECD
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 -------------------------------
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: 666 NATO
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: 150 Headlines Today
OECD Tax Talks #10 - Centre for Tax Policy and Administration
 
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With a number of important recent and upcoming developments in the OECD's international tax work, the OECD's Centre for Tax Policy and Administration (CTPA) gave the latest tax update. Topics included: - Tax challenges of digitalisation - BEPS Implementation (Minimum standards; Transfer pricing) - Tax Transparency (Automatic exchange of information; Residence/Citizenship by investment) - Next steps View the presentation: https://www.slideshare.net/OECDtax/oecd-tax-talks-10-16-october-2018 Vist our website: http://oe.cd/taxtalks
Views: 2016 OECD Tax
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: 123 ICI Video
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: 7531 worldfinancevideos
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
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: 83 InLab FIB
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
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/
Visa FREE countries for Indians | Top 10 countries where Indians can Travel without Visa (2019)
 
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Do you know there are many countries where Indians can travel without a Visa? In this video, we talk about those countries where Indian passport holders can enter those counties without a visa. The main reason for it is because of the policy of that country towards and India. The list of countries mentioned in this video requires no passport for Indian citizens. We also have listed some places which are little danger to travel and up to how many days the travel visa is applied. Even though some amount may be paid to those countries travel agencies but is completely VISA FREE. If you like this video make sure to check out our travel-related videos from below Links Visa on Arrival 10 Countries for Indians ►https://youtu.be/0MD728peEoc Top 10 countries where Indians Feel Rich ►https://www.youtube.com/watch?v=NwfJD2vC1Po Top 10 Hill stations of India ►https://www.youtube.com/watch?v=6FjMuRDiNQw Part 2 of this visa Free video ►https://www.youtube.com/watch?v=ijD7R1Hq_Js There are some other countries where there are free visa that include Fiji,Dominica,Ecuador, El Salvador,Grenada, Macao ,Maldives,Mauritius,Palestinian Territories,Saint Kitts & Nevis ------------------------------------------------------------------------ PREVIOUS 🎬: Top 10 Amazing facts about Odisha https://www.youtube.com/watch?v=nGp9PxsnaNA NEXT 🎬: 10 ways to make money in India https://www.youtube.com/watch?v=milocRpuyO0 ------------------------------------------------------------------------ Q1.Nepal Depends on your starting point and your destination in Nepal Nepal janey keliey border cross kar sakta hai.Iske liey aap ko ek form barna hai border pey or gaadi bhi police check karega. border points hai a.Pani Tanki/Kakarbhitta b.Raxual/Birgunj c.Sunauli/Belahiya or via train -The easiest and cheapest way to reach India is via train Bhopal → Gorakhpur(Via train) Gorakhpur Railway Station → Sonauli(India Nepal Border)(Via Bus or Cab or Jeep) or via air Fly to Kathmandu Airport carry Indian currency notes as it can used in Nepal and can withdraw from SBI bank 2.Mauritius Mauritus jane keliey apko flight pakadana hoga.Mumabai to Mauritius and return which cost around 40000.Visa is free but also need to show the return as well the accommodation bill 3.Bhutan Q.Indonesia Bhai mein kaise Indonesia ja sakta hoon? Indonesia keliey apko visa nahi chaihey or visa free hai .magar documents hona chahiey iskeliey passport ki jarrorat hai,apka round trip ka ticket chahiey,paisa chahiey,currency exchange bhi karna hoga,boarding pass,hotel ka booking karna hai or aap imigration office mein jakey seal bhi karta hai.iskeliey apko kitna trip ka details bhi hona chahiey.bags customs check karna hai,India sey jakarta ya bali ko ticket lena padega. India-Malayasia-Indonesia ------------------------------------------------------------------------ Make sure to comment your thoughts on this video. Bad or disrespectful comments will be deleted.कृपया अपने विचार कहें About Top 10 Hindi 😉 : SUBSCRIBE & CLICK the 🔔 Turn on the subtitle for Non-Hindi Users Top 10 Hindi gives both entertaining and educational videos. For copyright matters or for any suggestions, comments, and feedback mail us ► https://top10hindi.com/ 📧 Mail: [email protected] ------------------------------------------------------------------------ ❤ FOLLOW US ON ❤ Facebook Group ►https://goo.gl/Zg5mVw FACEBOOK: ►https://goo.gl/b1MWJE INSTAGRAM: ►https://goo.gl/pNRXga TWITTER: ►https://goo.gl/jbh65y G PLUS ►https://goo.gl/FHmwpS ------------------------------------------------------------------------ Music Used: Music purchased/Licesne to use ------------------------------------------------------------------------ Video Sources / Please subscribe to these channels Namaste Nepal https://www.youtube.com/watch?v=tJxFqfBpFlM Pat Law https://www.youtube.com/watch?v=6Y-jNjfc1P0 Hoël Gautier https://www.youtube.com/watch?v=QWD43y54iyE Chloesco https://www.youtube.com/watch?v=t_qj7gZUbQk Real Jamaica DE https://www.youtube.com/watch?v=mibVrAWbAig Vivek H.D Singh https://www.youtube.com/watch?v=NKSVI54kty8 Jason Glenn https://www.youtube.com/watch?v=sqEPsyH0BD4 Simon Lorenz https://www.youtube.com/watch?v=Dm2oOxTJ1Yw Risaacson128 https://www.youtube.com/watch?v=qZGZUaKtQcA Nathaniel Bockley https://www.youtube.com/watch?v=0mFte3V6sFs ------------------------------------------------------------------------ Disclaimer: We have tried our best for making our video error-free.This is for educational purpose and entertainment purpose. Some footages and images used for representational purpose. ------------------------------------------------------------------------ Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. For Making Explainer videos/videos like this. Contact: https://animestic.com/
Views: 4904648 Top 10 Hindi
Current Affairs: Double Taxation Avoidance Agreement (DTAA).
 
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The DTAA, or Double Taxation Avoidance Agreement is a tax treaty signed between India and another country ( or any two/multiple countries) so that taxpayers can avoid paying double taxes on their income earned from the source country as well as the residence country. At present, India has double tax avoidance treaties with more than 80 countries around the world. India and China In November signed a protocol to amend the existing Double Taxation Avoidance Agreement (DTAA) between the two countries. This protocol among, other things, updates the existing provisions for the exchange of information to the latest international standards. Watch the video to know more!
Views: 14705 BYJU'S IAS
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: 314 154thmedia2013
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: 90 AP Archive
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: 406 Defence Tube
Home Secretaries meet to discuss border security, comments
 
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SHOTLIST 1. Wide of news conference 2. Mid of Bangladeshi Home Secretary Mohammad Abdul Karim and Indian Home Secretary Madhukar Gupta signing agreement 3. Close up of signing 4. Wide of Karim and Gupta shaking hands 5. Cutaway photographers 6. SOUNDBITE (English): Madhukar Gupta, Indian Home Secretary : "We have discussed various issues relating to our concerns and condemnation for any kind of terrorist and extremist activity which may take place in either of our countries. We have agreed that we would be mutually interacting and co-operate to see that this menace can be removed and curtailed and contained in the most effective manner. We have agreed also that we would institute a mechanism whereby there can be a continuous exchange of information between our own agencies." 7. Wide of conference 8. Mid of Bangladeshi delegation 9. SOUNDBITE (English): Mohammad Abdul Karim, Bangladeshi Home Secretary: "While you are saying that lot of Indian insurgent groups are there, and we also discussed with His Excellency the Home Secretary about some Bangladeshi people staying here and how we can cooperate with each other for their return through legal process. And I think the details will be worked out through nodal point or at our level or at other levels through exchange of actionable information and through legal procedure existing in both the countries." 10. Zoom in from wide of the presser to Gupta and Karim getting up and shaking hands STORYLINE: India and Bangladesh agreed to step up cooperation to counter insurgent and extremist activities during the second day of two-day talks on security and border management in New Delhi on Friday. The two countries share a twisting, porous, 4-thousand kilometre (2,500 mile) border across which human trafficking and smuggling in arms and narcotics is reported. At a joint news conference following the talks, Indian Home Secretary Madhukar Gupta said the two countries had agreed "that we would be mutually interacting and co-operate to see that this menace can be removed and curtailed and contained in the most effective manner". He said the new measures would aid the continuous exchange of information between the investigating agencies of the two countries. The two sides agreed to initiate swift action on information received on groups or fugitives of either country taking shelter in the other country. Bangladeshi Home Secretary Mohammad Abdul Karim said "we also discussed with His Excellency the Home Secretary about some Bangladeshi people staying here and how we can cooperate with each other for their return through legal process. And I think the details will be worked out through nodal point or at our level or at other levels through exchange of actionable information and through legal procedure existing in both the countries". The eighth bilateral talks between the Home Secretaries of India and Bangladesh are part of an institutional mechanism set up in 1994 to manage security and border management issues. The previous round of talks was held at Dhaka in late August last year. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/b8df7c11404967e4dba04047d9c2b930 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 30 AP Archive
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/
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
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: 129 NYU School of Law
Wil van Gemert, Europol Deputy Director for Operations #SmugglingForum #PeopleSmuggling
 
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Developing a coordinated and effective law enforcement response against the organized criminal networks behind people smuggling is the focus of the INTERPOL and Europol Operational Forum on Countering Migrant Smuggling Networks. The two-day (15 and 16 October) meeting at INTERPOL’s General Secretariat headquarters brings together more than 120 participants from some 50 source, transit and destination countries affected by irregular migration flows, as well as representatives from international and regional organizations and the private sector. The forum will also review the links between people smuggling, human trafficking and other crimes involving illicit money flows, corruption and the use of fraudulent travel documents. It aims to build an international platform coordinating criminal analysis, training and operations against people smuggling. “There are many countries and organizations involved in addressing the migrant smuggling challenge, and no one actor is able to stop the smuggling networks on their own,” said INTERPOL Secretary General Jürgen Stock. “These networks are both extensive and complex, comprising individuals who carry out a range of criminal activities. Coordinated action among source, transit and destination countries is therefore needed, and law enforcement is a critical component in the fight against smuggling groups.” “As a neutral platform with 190 member countries, INTERPOL is uniquely placed to coordinate international efforts to target people smuggling networks, not just in destination countries, but critically and simultaneously in source and transit countries,” said Mr Stock. With INTERPOL and Europol already working closely together across a range of crime areas, including on Europol’s Joint Operational Team (JOT) Mare initiative against people smuggling, Mr Stock also underlined Europol’s role and capabilities in working with the world police body against crime networks. Mr Wil van Gemert, Deputy Director of Operations at Europol, said: "The unparalleled increase in the number of migrants and refugees attempting to enter Europe has led to an unprecedented scale of criminal activity. As the challenge is complex and multi-dimensional, our response also needs to be." "Europol is stepping up its efforts to convert the Joint Operational Team Mare into a new-style European Migrant Smuggling Centre. This will strengthen our ability to offer on-the-spot support and increase our analytical capabilities.” Mr van Gemert added that as the challenge goes beyond EU borders, Europol's partnership with INTERPOL based on close cooperation and mutual trust is crucial. While Europol serves as the criminal information hub for EU member states, he said INTERPOL can play a significant role in facilitating the exchange of information between source and transit countries, ensuring that information relevant for law enforcement is shared quickly. In this respect, the audience heard that INTERPOL aims to create a Specialist Operational Network against Migrant Smuggling to build and maintain its information sharing hub on known smuggling groups. The specialist operational network will set the basis for stronger investigative, operational and analytical cooperation, and include secure and real-time exchange of case information, data and modus operandi across the globe. INTERPOL will also plan dedicated fugitive tracking operations, using its ‘Infra’ model, to help initiate and advance investigations. INTERPOL will take part in the international Valletta Summit on migration (11 and 12 November), convened by the European Council to address migration issues with African and other key countries and organizations concerned. A follow-up meeting to this week's forum on migrant smuggling networks will also be held at Europol headquarters in The Hague early in 2016. ‪#‎migrantcrisis‬ ‪#‎migrantsmuggling‬ ‪#‎organizedcrime‬ #PeopleSmuggling #SmugglingForum
Views: 389 INTERPOL
Offshore Bank Account – 10 Reasons why you need One (2018)
 
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Discover the 10 benefits of an offshore bank account. Get your Swiss bank account in no time. Special tax compliant bank accounts for US Persons. What can an offshore bank account offer me what a normal bank account at home can’t? An offshore bank account is a bank account which is out of your country of residence and out of the influence of your legal system at home. The best asset protection strategy disconnects your assets from your home country and its courtrooms. In this video, I will give you 10 reasons why asset protection and asset diversification with an offshore bank account in a secure jurisdiction is so important today, including US persons. Learn how to be prepared for rainy days. The next crisis will come for sure. Stay tuned. Read more on our Blog ►https://swiss-banking-lawyers.com/news/offshore-bank-account-10-reasons-why-you-need-one/ ►► Join our Boutique Law Firm Letter https://swiss-banking-lawyers.com/ ►► Our Website: https://swiss-banking-lawyers.com/ ►► Tax Evasion [Best Tips & Tricks] https://swiss-banking-lawyers.com/tax-evasion/ ►► OECD Automatic Exchange of Information and CRS [Insider Report 2018] https://swiss-banking-lawyers.com/automatic-exchange-of-information/ ►► How Millionaires pay less Tax using Secret Tax Avoidance Strategies – Confessions of an International Tax Lawyer https://swiss-banking-lawyers.com/tax-avoidance/ ►► Ultimate Guide in Private Banking to Secure Your Wealth https://swiss-banking-lawyers.com/private-banking/ ►► Best Private Bank List – Swiss Private Bank Directory https://swiss-banking-lawyers.com/best-private-bank-list-swiss-private-bank/ ►► 10 Reasons for Swiss Bank Account Opening [Ex-UBS Lawyer reveals the truth] https://swiss-banking-lawyers.com/swiss-bank-account-opening/
Views: 1451 Caputo & Partners AG
MOU Signing between the Department of Agriculture (DA) and MAFRA 6/4/2018
 
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Memorandum of Understanding (MOU) Signing between the Department of Agriculture (DA) and the Korean Ministry of Agriculture, Food and Rural Affairs (MAFRA) Lotte Hotel, Seoul, South Korea June 4, 2018 A Memorandum of Understanding (MOU) in the field of agriculture was signed between the Philippines and South Korea on the sidelines of President Rodrigo Roa Duterte’s Official Visit to the Republic of Korea. The MOU aims to further strengthen agricultural partnership and boost rural development, as well as to promote sustainable development in both countries, enumerated below: • Cooperation in agricultural development with the aim of ensuring food security; • Cooperation to facilitate private investment in agriculture; • Cooperation in technology and skills development on irrigation and drainage systems, mechanization of agriculture, agricultural research, and the enhancement of post-harvest management and distribution system; • Strengthening of farmer organizations’ linkages with community production and processing technology; • Technical partnership and the exchange of experts to promote the agricultural sector and foster rural development; and, • Exchange of information on agricultural and development policies (promotion of exchanges between the public and private sectors) * * * * * Connect with RTVM Website: http://rtvm.gov.ph Facebook: www.facebook.com/presidentialcom and www.facebook.com/rtvmalacanang Twitter: @RTVMalacanang Google+: google.com/+RTVMalacanang
Views: 520 RTVMalacanang
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. ----------------------------------------------------------------------------------------------------------- My ebook Real Ways to Make Money Online - E-book (Lifetime Free updates) (Rs.149) : https://goo.gl/oB95Pt Donate us to Keep Motivated paypal.me/techbulu Products I use Samson Go Mic: https://amzn.to/2LoefhP Pop filter: https://amzn.to/2uyZRJR Microsoft Office 365: https://amzn.to/2JBVP8y My phone: https://amzn.to/2uMuwCV Desktop : https://amzn.to/2JCe5yF Digital Pen: https://amzn.to/2LpvCin 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/ About Us: TECHBULU is a YouTube Channel, where you will find technical and education videos. -----------------------------------------------------------------------------------------------------------
Views: 12413 TECH BULU
INTERPOL Operation Meerkat, 2012
 
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A joint operation involving INTERPOL and the World Customs Organization (WCO) in Eastern and Southern Africa against the illicit trafficking of cigarettes, tobacco and alcohol has resulted in the seizure of tonnes of illicitly traded products in seven countries. Police and customs authorities carried out some 40 raids at seaports, inland border points, markets and shops, where more than 32 million sticks of cigarettes (equivalent to 1.6 million cigarette packets), 134 tonnes of raw tobacco and almost 3,000 litres of alcohol were seized. As a result of these seizures national authorities have initiated a number of administrative investigations into tax evasion and other potential criminal offences by those involved. The operation's coordination unit, based at the WCO's Regional Intelligence Liaison Office in Nairobi, monitored the exchange of information between the participating countries, with support provided by INTERPOL's Regional Bureaus in Nairobi and Zimbabwe and by officers from its Trafficking in Illicit Goods programme. Dates: 1-31 May 2012 Participating countries: (seven in total) Angola, Kenya, Mozambique, Namibia, South Africa, Tanzania, and Zimbabwe.
Views: 1222 INTERPOL
50 and more countries team up to fight tax evasion
 
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Finance Ministers from France, Germany, Italy, Spain and Britain together with tax authority leaders from the world across have inked an agreement for the automatic exchange of bank data. Fifty one countries and territories that cover Bermuda and Cayman Islands will exchange information in this aspect. For more news stories visit: http://www.twnd.in/ Connect with us on Social platform at: http://www.facebook.com/theworldnewsdigest Subscribe to our YouTube Channel: https://www.youtube.com/user/fairfest
Views: 3 Jenny McCArthy
*Google Glass: New Visions of Surgery
 
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Advances in both hardware and software technologies can significantly enhance available resources for clinicians in patient care. Examples include bringing intra-operative imagery to the operating theater through wearable computers and creating platforms for information exchange between physicians in low income countries and specialists in major US academic centers. Pierre Theodore, a cardiothoracic surgeon, will discuss wearable computing technologies and their clinical applications in modern health care. Headmounted displays such as Google Glass can provide critical data within the visual field of the clinician, including the projection of real time data into the field of view of anesthesiologists and placing radiographic images into the field of view of surgeons, who often depend on such imagery to guide operations. Theodore will share his early experience with clinical wearable technologies and discuss further applications in health care. The exchange of information in low income nations is often impaired by insufficient resources and available infrastructure. Low cost information sharing networks, however, running over generally reliable wireless networks can serve as bridge between low and high income countries to augment healthcare delivered in poor countries and as an entry point for broader initiatives using information technologies in the developing world. A pilot program in Haiti will be discussed.
Views: 141 Dreamforce Video
Engaging with Developing Countries on Tax Reform
 
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The Tax Policy and Administration Topical Trust Fund supported the increased demand for technical assistance from low- and lower middle-income countries in the area of revenue policy and administration. It is now growing to a $60 million program.
Views: 7856 IMF
Jürgen Stock, INTERPOL Secretary General #SmugglingForum
 
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Developing a coordinated and effective law enforcement response against the organized criminal networks behind people smuggling is the focus of the INTERPOL and Europol Operational Forum on Countering Migrant Smuggling Networks. The two-day (15 and 16 October) meeting at INTERPOL’s General Secretariat headquarters brings together more than 120 participants from some 50 source, transit and destination countries affected by irregular migration flows, as well as representatives from international and regional organizations and the private sector. The forum will also review the links between people smuggling, human trafficking and other crimes involving illicit money flows, corruption and the use of fraudulent travel documents. It aims to build an international platform coordinating criminal analysis, training and operations against people smuggling. “There are many countries and organizations involved in addressing the migrant smuggling challenge, and no one actor is able to stop the smuggling networks on their own,” said INTERPOL Secretary General Jürgen Stock. “These networks are both extensive and complex, comprising individuals who carry out a range of criminal activities. Coordinated action among source, transit and destination countries is therefore needed, and law enforcement is a critical component in the fight against smuggling groups.” “As a neutral platform with 190 member countries, INTERPOL is uniquely placed to coordinate international efforts to target people smuggling networks, not just in destination countries, but critically and simultaneously in source and transit countries,” said Mr Stock. With INTERPOL and Europol already working closely together across a range of crime areas, including on Europol’s Joint Operational Team (JOT) Mare initiative against people smuggling, Mr Stock also underlined Europol’s role and capabilities in working with the world police body against crime networks. Mr Wil van Gemert, Deputy Director of Operations at Europol, said: "The unparalleled increase in the number of migrants and refugees attempting to enter Europe has led to an unprecedented scale of criminal activity. As the challenge is complex and multi-dimensional, our response also needs to be." "Europol is stepping up its efforts to convert the Joint Operational Team Mare into a new-style European Migrant Smuggling Centre. This will strengthen our ability to offer on-the-spot support and increase our analytical capabilities.” Mr van Gemert added that as the challenge goes beyond EU borders, Europol's partnership with INTERPOL based on close cooperation and mutual trust is crucial. While Europol serves as the criminal information hub for EU member states, he said INTERPOL can play a significant role in facilitating the exchange of information between source and transit countries, ensuring that information relevant for law enforcement is shared quickly. In this respect, the audience heard that INTERPOL aims to create a Specialist Operational Network against Migrant Smuggling to build and maintain its information sharing hub on known smuggling groups. The specialist operational network will set the basis for stronger investigative, operational and analytical cooperation, and include secure and real-time exchange of case information, data and modus operandi across the globe. INTERPOL will also plan dedicated fugitive tracking operations, using its ‘Infra’ model, to help initiate and advance investigations. INTERPOL will take part in the international Valletta Summit on migration (11 and 12 November), convened by the European Council to address migration issues with African and other key countries and organizations concerned. A follow-up meeting to this week's forum on migrant smuggling networks will also be held at Europol headquarters in The Hague early in 2016. ‪#‎migrantcrisis‬ ‪#‎migrantsmuggling‬ ‪#‎organizedcrime‬ #PeopleSmuggling #SmugglingForum
Views: 171 INTERPOL
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: 187 Contact WAPES
Wil van Gemert, Europol Deputy Director for Operations #SmugglingForum #PeopleSmuggling
 
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LYON, France – Developing a coordinated and effective law enforcement response against the organized criminal networks behind people smuggling is the focus of the INTERPOL and Europol Operational Forum on Countering Migrant Smuggling Networks. The two-day (15 and 16 October) meeting at INTERPOL’s General Secretariat headquarters brings together more than 120 participants from some 50 source, transit and destination countries affected by irregular migration flows, as well as representatives from international and regional organizations and the private sector. The forum will also review the links between people smuggling, human trafficking and other crimes involving illicit money flows, corruption and the use of fraudulent travel documents. It aims to build an international platform coordinating criminal analysis, training and operations against people smuggling. “There are many countries and organizations involved in addressing the migrant smuggling challenge, and no one actor is able to stop the smuggling networks on their own,” said INTERPOL Secretary General Jürgen Stock. “These networks are both extensive and complex, comprising individuals who carry out a range of criminal activities. Coordinated action among source, transit and destination countries is therefore needed, and law enforcement is a critical component in the fight against smuggling groups.” “As a neutral platform with 190 member countries, INTERPOL is uniquely placed to coordinate international efforts to target people smuggling networks, not just in destination countries, but critically and simultaneously in source and transit countries,” said Mr Stock. With INTERPOL and Europol already working closely together across a range of crime areas, including on Europol’s Joint Operational Team (JOT) Mare initiative against people smuggling, Mr Stock also underlined Europol’s role and capabilities in working with the world police body against crime networks. Mr Wil van Gemert, Deputy Director of Operations at Europol, said: "The unparalleled increase in the number of migrants and refugees attempting to enter Europe has led to an unprecedented scale of criminal activity. As the challenge is complex and multi-dimensional, our response also needs to be." "Europol is stepping up its efforts to convert the Joint Operational Team Mare into a new-style European Migrant Smuggling Centre. This will strengthen our ability to offer on-the-spot support and increase our analytical capabilities.” Mr van Gemert added that as the challenge goes beyond EU borders, Europol's partnership with INTERPOL based on close cooperation and mutual trust is crucial. While Europol serves as the criminal information hub for EU member states, he said INTERPOL can play a significant role in facilitating the exchange of information between source and transit countries, ensuring that information relevant for law enforcement is shared quickly. In this respect, the audience heard that INTERPOL aims to create a Specialist Operational Network against Migrant Smuggling to build and maintain its information sharing hub on known smuggling groups. The specialist operational network will set the basis for stronger investigative, operational and analytical cooperation, and include secure and real-time exchange of case information, data and modus operandi across the globe. INTERPOL will also plan dedicated fugitive tracking operations, using its ‘Infra’ model, to help initiate and advance investigations. INTERPOL will take part in the international Valletta Summit on migration (11 and 12 November), convened by the European Council to address migration issues with African and other key countries and organizations concerned. A follow-up meeting to this week's forum on migrant smuggling networks will also be held at Europol headquarters in The Hague early in 2016. #‎INTERPOL‬ ‪#‎Europol‬ ‪#‎SmugglingForum‬ ‪#‎MigrantCrisis‬ ‪#‎MigrantSmuggling‬ ‪#‎OrganizedCrime‬
Views: 131 INTERPOL
Breaking News - Ishaq Dar says signed OECD agreement in 2016 during PML-N tenure
 
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Breaking News - Ishaq Dar says signed OECD agreement in 2016 during PML-N tenure ISLAMABAD: Former Finance Minister Ishaq Dar said on Monday that he signed the Economic Cooperation and Development’s (OECD) agreement in Paris during the Pakistan Muslim League Nawaz’s tenure in 2016. The former federal minister was speaking to ‘Aaj Shahzeb Khanzada Kay Saath’ on Geo News, where he said that the an exchange of information was to take place in September 2018 under the agreement. He further said that the Pakistani delegation went to Switzerland for an agreement pertaining to Pakistani accounts in Swiss Bank, and the exchange of information began later owing to delay from Switzerland. #GeoNews #GeoBreakingNews
Views: 1282 Geo 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: 47739 Destination Tips

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