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- - - - International compatibility & quality information
    - - Communication between investors and company management
    - - Helps to identify opportunities and risks improving capital allocation, therefore improves economy stability
- - - - Imperialist theory
        
        the Anglo-Saxon reporting
        
        Geographical influence, countries adopt the system by proximity influence, i.e, Canada and Mexico with US
        
        Market fluency, i.e, UK conversion
      - The Savary Ordonnance, France 1673
        
        First national accounting rule
        
        Created to prevent negative contagious behaviour among businesses, tendency to banckcrupcy
        
        Exports forcibly across Europe by Napoleons government
  - - - Information request
      - 3-5 years plan
    - - Research
      - Discussion paper
      - Agenda proposal
    - - Exposure draft
      - Final ISFR Standard
    - - Interpretation
      - Post-implementation
- - - - Monetary policy
        
        Growth friendly fiscal policies
        
        Structural reforms
    - - Main 10 members
        
        USA
        
        Japan
        
        China
        
        Germany
        
        France
        
        UK
        
        Italy
        
        India
        
        Russia
        
        Brazil
    - - MIgrant crisis
        
        Advice to country migrant hosters
      - Global corruption
        
        Money laundering
        
        Financing of terrorism
        
        Offered tax cooperation to prevent tax avoidance.
  - - - Ending the extreme poverty to a maximum of the 3% of global population
      - Shared prosperity by fostering the income growth of the bottom 40% for every countr.
    - - Ministers of finance or ministers of development of the member countries
      - 189 member countries
      - 10,000 employees
      - 120 offices worldwide
      - A cohoperative body
  - - - Companies investment in foreign countries
        
        Oerational control
        
        Production
        
        Selling
    - - International financial assets trading (SHARES)
    - - The financial account
        
        Reserve assets
        
        Commodities
        
        Currencies
        
        Capitals hold by central banks
        
        Portfolio investment
        
        Direct investment
      - Current account
        
        Imports/Exports for trading by individuals
      - Capital account
        
        All transfer of capital to and from abroad
  - - - FROM COUNTRIES
        
        countries that have surpluses and countries that have deficits in their current account
      - FROM MARKET SECTORS
        
        high public sector spending (creating deficits) and low private sector spending (creating savings.
    - - MULTINATIONALS MODUS OPERANDI
        
        PROBLEMS ARISED
        
        antitrust policies in the digital age due to the trend of large firms acquiring promising start-ups.
        
        increased concentration of power among few actors or tax avoidance.
        
        Policy making is increasingly influenced by lobbyists
        
        Choose where to keep their cash.
        
        Choose the currency in which to store that cash.
        
        Choose where record expenses and profits
        
        Transfer pricing practices
      - Country-by-country reports revenues, profits filed in the headquarters’ jurisdiction of
        
        Revenues
        
        Profits
        
        Taxes
        
        Assets
        
        Employ number
        
        Costs
        
        Capital
        
        Acumulated earnings
        
        Intercompany payments
        
        Transfer price checking
        
        Master file – Standardised information led in each country with operations for
        
        Group members
        
        Global organisation structure
        
        Description of business
        
        Intelectual property developments, use and practice
        
        Intercompany financial arrangements
        
        Financial and tax positions
        
        Local files – Transaction details between local entities and affiliates led in each country with operations such
        
        Local management team
        
        Business strategy
        
        Restructuring, Intelectual Property transfers
    - - PAYING TAXES Record mandatory contributions from small and medium-size company and the administrative burden.
        
        Profit or corporation income tax
        
        Social contributions
        
        Labour taxes paid from employers
        
        Property taxes
        
        Property transfer taxes
        
        Dividend tax
        
        Capital gains tax
        
        Financial transactions tax
        
        Waste collection taxes
        
        Vehicles and road taxes
        
        Other taxes or fees
      - COMPRATIVE MODELLER
        
        Individual economies
        
        Geographical region
        
        Economic region
      - :
        
        In average takes 251 hours a case study company to comply with its taxes, it makes 25 payments and Total Tax Rate of 40.6% average.
        
        162 economies have a VAT system. The case study company files VAT on a monthly basis in 130 of them.
        
        180 economies levied corporate income tax in 2015.
        
        On average takes 16.7 hours to correct the error in the corporate income tax return on a case study, including responding to an audit if one is triggered. For economies where the correction process triggers an audit, it takes on average 17.3 weeks to complete the audit.