Finance in a global context image image

Economic and Financial Flows

Tax and Exchange Rates image

The basics of international financial reporting

International Financial Institutions

International Monetary Fund (IMF)

World Bank Group

Economic and financial flows

balance of payments

global imbalances

foreign direct investments

portfolio investments

Multinationals image image image image

public sector spending

private sector spending

Countries with surpluses in their current account

Countries with deficits in their current account

Main distinctive peculiarities

Choose where to keep their cash

Choose the currency in which to store that cash.

Choose where their expenses are recorded through mechanisms.

International tax rates

Taxes and contributions

profit or corporate income tax

social contributions and labour taxes

property taxes

property transfer taxes

dividend tax

capital gains tax

financial transactions tax

waste collection taxes

vehicle and road taxes,

Taxes paid where a business has physical representation.

Tax rates and multinational corporations

cross-border tax rules

geography boundaries

national boundaries

Large multinational enterprises

Country-by-country reports

Master file

Local files

revenues

profits

taxes

assets

employee numbers and costs

capital

accumulated earnings

intercompany payments

global organisational structure

Local entities and affiliates

local management team

business strategy

restructurings or IP transfers

description of business

Intellectual Property (IP) development

financial and tax positions

intercompany financial arrangements

Exchange rate issues

fluctuating exchange rates

value of companies’ assets and liabilities

operating profit

making their goods relatively less expensive

pushing up the cost of inflation

International Financial Reporting Standards Foundation (IFRS) image

Stewardship

Managing the national economy

Information for investors

Borrowed finery

Imperialism

Taxation

The International Accounting Standards Board (IASB) image

click to edit

Negitives

Increased concentration of power among few actors or tax avoidance.

Positives

ree services (e.g. information search or travel indications).

innovative products (e.g. smart phones)