Please enable JavaScript.
Coggle requires JavaScript to display documents.
Global Finance - Coggle Diagram
Global Finance
Exchange Rate
Imports
Exports
Price elastic
Fluxuation
Reporting/Monitoring
IASB - (International Accounting Standards Board)
IFRS
IASC (Inter-Agency Standards Committee
FASB (Financial Accounting Standards Board)
'Data Modular'
Compare tax rate
Monitors tax evasion
Withdrew income
Global Imbalances
SURPLUS
Market forces
Spending falls
DEFICIT
FOREX (Foreign Exchange Market)
Low value = Weak
High value = Strong
'Appreciates' rises
'Depreciates' drops
Market force
Supply and Demand
Tax
Unitary Tax
Agreed formula
Allocation per jurisdiction
Save on tax enforcement
Rates
'Paying Taxes'
Admin burdens
Measures different tax
Records transactions
'Tax Haven'
Avoiding Tax
Currency Markets
Speculation
Upwards slope
Downward slope
Equilibrium
Increase = Curve upwards
BOP (Balance of payments)
Position
Records translations globally
Current account
Capital accounts
Financial accounts
Government
Global imbalance manipulation
'Fixed exchange rate'
'Floating exchange rate'
Financial regulations
IMF (International Monetary Fund)
Avoids Great Depression
Financial support (loans)
World Bank
Helps developing countries
Financial support
Pricing
'Arms Length Pricing'
Trading market prices
Genuine negotiation
Endorsed by
OCED
UNTC
Lost money in reinforcing
Developing countries vulnerable
Unrelated companies
Tax currency shifted to
Transfer pricing
MNC (Multi National Company)
Trade within 2 countries
Mis-pricing
ILLEGAL
Established price
LEGAL