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Finance in the global context christine-roy-ir5MHI6rPg0-unsplash, B270 -…
Finance in the global context
Economic and financial flows in a globalised world
Gobal banks
Economic stability
#
International Monetary Fund (IMF)
international payments
exchange rates
strategies
structural reforms
growth-friendly fiscal policies
monetary policies
World Bank
goals
promote shared prosperity
end world poverty
Taxes
PWC
SMEs
'Paying Taxes' report
tax avoidance
#
base erosion and
profit shifting (BEPS)
reshape
international tax rules
how?
transaction flows
limit incentives
tax supply chain
new reports
#
country-by country
master file
local file
issues?
more reporting
risk (GDPR)
multinationalists
#
arms length
related
tax haven
unrelated
unitary
blockers
path dependency (difficulty)
vested interest
technical issues
Tax considerations and exchange rates
Economy
#
social and economic conditions
financial crisis
recession
stabilize
Global trade
export/import
growth
Financial flows
#
balances of payment
accounts
current
imports/exports
capital
transfers to/from
financial
claims/ liabilities/assets
Global imbalances
suprpluses/deficits
public vs private spending
macronomical imbalance :
#
export vs import volumes
strategies
Investments
Foreign Direct Investments (FDI)
portfolio
Exchange rates
fluctuations
strong
weak
stable
FOREX
#
value
supply vs demand of £
elasticity
inelastic
shifts
#
speculators
government policy
'fixed (or pegged)
#
impact
businesses
financial planning
buying/selling
learner production techniques
PESTEL
cost position
consumers
cost increase
#
inflation (RPI)
McBurger index
purchasing power parity (PPP)
Euro
#
pros
cons
Financial Reporting
IFRS
standards
global
adoption
enterprise wide transformation
regulation
#
evolution
stakeholders
#
accountants
managers
investors
country to country
Savary Ordannance
influence
UK/USA
European
jurisdictions
major differences
#
easier/harder
historical legacies
combination
differing legal systems
taxation and culture
B270 - TMA02 - Kathryn Hewitt
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