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Finance, A legal but potentially unethical practice of tax avoidance,…
Finance
Multinational Businesses
Global supply and demand
Market control
Tax
Tax Avoidance
Corporate income tax
Buy competition
Financial reporting
Country-by-country reports
Master Files
Local files
Imports & Exports
Tax Considerations
International Tax Rates
190 Countries provide data to PwC & World Bank Group
Transfer Pricing
Arms length principle
Transfer mis-pricing
Unitary Taxation w/ profit apportionment
Two companies as part of the same multinational trade
Base Erosion & Profit Sharing
Gaps in global tax law
Tax Policy
Exchange Rates
Forex - Foreign Exchange Market
Supply Shift
Equilibrium
Demand Shift
McBurger Index
Problems
Fluctuating Exchange Rates
Creating instability
Effects consumer confidence
Effect business profitability
Impacts
Volume of exported good
Imported Inputs
Overseas Competion
Price Elasticity
Financial Regulation
Financial Institutions
IMF - International Monetary Fund (IMF)
IASB - International Accounting Standards Board
The World Bank
Internationk Financial Reporting Standards (IFRS)
Conceptual Framework
Financial Report
Qualitative Characteristics
Definition
Capital & Captial Maintenance
Objectives
Accountability
Transparency
Quality
Efficiency
Evolution of regulation
Stewardship
National Economy
Investors
Borrowing (Savary Ordonnance)
Imperialist
Taxation
Financial Reporting
Financial Flows
Balance of payments
Current Account
Capital Account
Financial Account
Foreign Direct Investments
A legal but potentially unethical practice of tax avoidance
Financial regulation objectives reduces the likelihood of tax avoidance
Financial reporting practices made more stringent following the 2008/09 Global Financial Crisis
A high value local currency benefits import vs. a low value local currency benefits export
5 Lobbyist employed to influence policy
Regiser of payment, incomes and transfers
Investment made for greater control of the market via growth into foreign markets