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Finance in a Global Context, (Open University, 2024d), (Open University,…
Finance in a Global Context
Tax considerations and exchange rates
International tax rates
Taxing corporations
taxes measured
Profit income tax
labour taxes
social contributions
property taxes
dividend taxes
capital gains taxes
multinational corporations
Tax avoidance
Transfer pricing
Base erosion and profit shifting (BEPS)
County-by-country reports
Master file
Local file
Exchange rates
Foreign exchange market
McBurger Index
Purchasing power parity (PPP)
Overcoming problems
Target markets
Operate offshore markets
Buy currency
Set contracts
Interest rates
Inflation
Fundamentals of international financial reporting
Regulation evolution
Accounting regulation
Evolution
Stewardship
National economy management
Borrowed finery
Imperialism
Investor information
Taxation
International Financial Reporting Standards Foundation (IFRS).
USA, Japan, India and China do not follow IFRS yet
2016 most of the worlds capital markets follow IFRS
The International Accounting Standards Board (IASB)
Jurisdiction Rules
Contingent model of accounting change
State of equilibrium
Financial scandal/economic change (faulty financial reporting)
Fix problem (consult interest parties)
New regulation
State of equilibrium
Unintended consequences
Means of regulation
Cultural variables
Historical events
Financial reporting objectives
Assets
Liabilities
Equity
Income
Expenses
Economic and financial flows in a globalised world
International financial institutions
International monetary fund (IMF)
Cheaper exports for competitive advantage
Strategies
monetary polciies
Migrant crisis
Growth-friendly fiscal policies
Structural reforms
Corruption
Money laundering
Technical assistance
Training
Financing of terrorism
The world bank
189 member countries
Promote shared prosperity
Foster income growth
Balance of payments
Global imbalances
Foreign direct investments
Portfolio investments
multinational companies
(Open University, 2024d)
(Open University, 2024f)
Open University, 2024e)