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Finance in a global context - Coggle Diagram
Finance in a global context
International financial institutions
providing financial support
started after World War II
International Monetary Fund (IMF)
stability
help countries that are in financial trouble
main strategies
growth-friendly fiscal policies
monetary policies
structural reforms
fighting against corruption
World Bank
end extreme poverty
‘Paying Taxes’ project
financial flows in a globalised world
Global imbalances
global economic and financial crisis
serious threat to the basic structure of the fundamental values
imbalance is between public sector spending, and private sector spending
surplus and deficit countries
The role of multinationals
provide customers with innovative products
eg technology
increased concentration of power among few actors or tax avoidance
policy making influenced by lobbyists employed by multinationals
giant companies are problematic for competition
Starbucks, Amazon, Google and Apple
International tax rates
Tax rates and multinational corporations
Corporate tax avoidance
Reforming international tax policy
Exchange rate issues for business
Volatile exchange rates
Fundamentals of international financial reporting
Evolving financial regulation
Financial Reporting Standards Foundation (IFRS)
jurisdictions have different rules
IFRS Standards in UK
common law system in US
Roman law system in Italy