G20 and Its Cooperation with Africa
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The Battle Over Taxing Offshore Accounts
Georgetown University Law Center Scholarship @ GEORGETOWN LAW 2012 The Battle Over Taxing Offshore Accounts Itai Grinberg Georgetown University Law Center, [email protected] This paper can be downloaded free of charge from: https://scholarship.law.georgetown.edu/facpub/1786 http://ssrn.com/abstract=2497998 60 UCLA L. Rev. 304 This open-access article is brought to you by the Georgetown Law Library. Posted with permission of the author. Follow this and additional works at: https://scholarship.law.georgetown.edu/facpub Part of the Taxation-Transnational Commons, and the Tax Law Commons The Battle Over Taxing Offshore Accounts Itai Grinberg EVIEW R ABSTRACT The international tax system is in the midst of a contest between automatic information reporting and anonymous withholding models for ensuring that nations have the ability to LA LAW LA LAW tax offshore accounts. At stake is the extent of many countries’ capacity to tax investment UC income of individuals and profits of closely held businesses through an income tax in an increasingly financially integrated world. Incongruent initiatives of the European Union, the Organisation for Economic Cooperation and Development (OECD), Switzerland, and the United States together represent an emerging international regime in which financial institutions act to facilitate countries’ ability to tax their residents’ offshore accounts. The growing consensus that financial institutions should act as cross-border tax intermediaries represents a remarkable shift in international norms that has yet to be recognized in the academic literature. The debate, however, is about how financial institutions should serve as cross-border tax intermediaries, and for which countries. Different outcomes in this contest portend starkly different futures for the extent of cross-border tax administrative assistance available to most countries. -
Center for Strategic and International Studies Conference Call
Center for Strategic and International Studies Conference Call “The 2017 G20 Hamburg Summit” Featuring: Jeffrey Rathke, Senior Fellow and Deputy Director, Europe Program, CSIS Matthew P. Goodman, William E. Simon Chair in Political Economy and Senior Adviser for Asian Economics, CSIS Sarah Ladislaw, Director and Senior Fellow, Energy and National Security Program, CSIS Moderator: Colm Quinn, Deputy Director, Strategic Communications, CSIS Time: 9:15 a.m. EDT Date: Thursday, June 29, 2017 Transcript By Superior Transcriptions LLC www.superiortranscriptions.com COLM QUINN: OK. Thank you, Cynthia (sp). Hi there. Welcome to this call. Thanks, everyone, for joining us. I know it’s a very busy week, going into the holiday as well. Just brief introduction. I’m Colm Quinn. I’m the deputy director for strategic communications here. I will be handing over to my colleagues who are with me here: Jeff Rathke, who’s our deputy director of our Europe Program; Matthew Goodman, who is the Simon Chair in Political Economy; and Sarah Ladislaw, who’s the director of our Energy Program here. We’re going to begin with Jeff Rathke, who will provide brief remarks. Following everyone’s remarks, we will go into the Q&A. Jeff? JEFFREY RATHKE: All right. Thanks. Colm. It’s great to be here with everyone this morning, and I’m happy to give a bit of an overview. The president is embarking on his second overseas trip. And I think one of the big questions on the minds of our friends, allies and adversaries around the world is how – whether it will mirror his first trip, which, as you will recall, was marked by a contrast between the stop in Saudi Arabia and the stop in Israel, that appeared successful initially – at least in the Saudi Arabia case – and the friction with NATO allies, the European Union, and leaders of the G7 advanced industrial democracies. -
FINANCIAL CRISIS and LEGITIMACY of GLOBAL ACCOUNTING STANDARDS Masaki Kusano Graduate School of Economics, Kyoto University Kusa
FINANCIAL CRISIS AND LEGITIMACY OF GLOBAL ACCOUNTING STANDARDS Masaki Kusano Graduate School of Economics, Kyoto University [email protected] ∗ Masatsugu Sanada Graduate School of Business, Osaka City University [email protected] May, 2013 ∗ Corresponding author FINANCIAL CRISIS AND LEGITIMACY OF GLOBAL ACCOUNTING STANDARDS ABSTRACT Purpose : to examine and clarify a mechanism of global accounting standard-setting and accounting regulation, especially to investigate the legitimation crises of global accounting standards and their restoration process focusing on the IASB’s response to the financial crisis. Methodology : institutional theory and an analytical framework of ‘decoupling, compromises, and systematic dominance’ Findings : We find that the IASB decoupled its regular due process in order to maintain the endorsement mechanisms in the EU and avoid a further carve-out. To reconcile the concerns about the IASB’s governance from the U.S. and the outside of Europe, the IASB established the monitoring board with compromising its expertise principle laying weight on independence with the request for enhancing its accountability. We also find that the IASB systematically put a dominance position to the needs of the EU as the biggest customer. Originality/value : We show the complicated mechanism of accounting standard-setting which the mere debates of the politicization of accounting could not reveal, and clarify that the legitimacy of organization, procedure, and its outputs could not exist stand-alone, but mutually prerequisite or exist with reflexivity. This study extends our knowledge of global financial regulations and our discussion offers numerous suggestions to globalization, especially the IASB’s roles in the globalization of financial regulations, and regulatory forum or network centered on the IASB. -
The Judges 2017 FT & Mckinsey Business Book of the Year Award
By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. Business books The judges 2017 Lionel Barber, FT editor, chairs our panel of experts FT & McKinsey Business Book of the Year Award YESTERDAY LIONEL BARBER Editor, Financial Times Lionel Barber is the editor of the Financial Times. Since his appointment in 2005, Barber has helped solidify the FT’s position as one of the first publishers to successfully transform itself into a multichannel news organisation. During Barber’s tenure, the FT has won numerous global prizes for its journalism, including Newspaper of the Year, Overseas Press Club, Gerald Loeb and Society of Publishers in Asia awards. Barber has co-written several books and has lectured widely on foreign policy, transatlantic relations, European security and monetary union in the US and Europe and appears regularly on TV and radio around the world. As editor, he has interviewed many of the world’s leaders in business and politics, including: US President Barack Obama, Chancellor Angela Merkel of Germany and President of Iran Hassan Rouhani. Barber has received several distinguished awards, including the St George Society medal of honour for his contribution to journalism in the transatlantic community. He serves on the Board of Trustees at the Tate and the Carnegie Corporation of New York. MITCHELL BAKER Executive chairwoman, Mozilla Mitchell Baker co-founded the Mozilla Project to support the open, innovative web and ensure it continues offering opportunities for everyone. -
G20: Shaping an Interconnected World
G20 GERMANY 2017 HAMBURG The Indo-German mag with swag ! ISSUE 2 | 2017 G20: SHAPING AN INTERCONNECTED WORLD www.whatsupgermany.de WHAT’S UP, AMBASSADOR? DR MARTIN NEY We live in an interconnected world that is responsibility to address these issues, undergoing enormous changes—changes because their concerted efforts can bring that touch the lives of virtually everyone. about change. They work together in the These changes can bring us closer G20—the Group of Twenty—a platform for together or create new rifts. Our societies dialogue and close collaboration. are transformed by new networks and an increasing exchange of ideas which, thanks Germany currently holds the presidency of to modern technologies, flow across borders. the G20. Having already organised a series People are also on the move in real terms, of ministerial meetings, we will host the looking for opportunities around the world or leaders’ summit on 7–8 July in Hamburg. Our fleeing from conflicts. presidency centres on the triad of stability, responsibility and sustainability, which we New opportunities have not only driven deem essential to secure the prosperity innovation and economic growth, but have and security of everyone. helped to lift millions of people out of dire poverty. At the same time, we have Together with India and other partners had to overcome unprecedented we strive to increase the resilience of our challenges which emanated economies and financial institutions. We from the very institutions that aim to translate the commitments to a underpin our global economic sustainable development path and to the system. We are facing protection of our climate into concrete even more challenges measures. -
Downloaded on 2017-02-12T05:19:39Z ASIEN 128 (Juli 2013), S
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Cork Open Research Archive Title Existing and emerging powers in the G20: the case of East Asia Author(s) Duggan, Niall; Tiberghien, Yves Publication date 2013-07 Original citation Duggan, N. and Tiberghien, Y. (2013) 'Existing and emerging powers in the G20: the case of East Asia', Asien, 128, pp. 28-44. Type of publication Article (peer-reviewed) Link to publisher's http://asienforschung.de/wp- version content/uploads/2014/05/DGA_MV_2013_Konferenzbericht.pdf Access to the full text of the published version may require a subscription. Rights © 2013, German Association for Asian Studies. Item downloaded http://hdl.handle.net/10468/3567 from Downloaded on 2017-02-12T05:19:39Z ASIEN 128 (Juli 2013), S. 28–44 Existing and Emerging Powers in the G20: The Case of East Asia Yves Tiberghien and Niall Duggan Abstract Over the last twenty years, global financial integration and global financial volatility have greatly increased. The 2008 crisis represented a peak in the vulnerability of all countries around the world with regard to global financial volatility. In response to this volatility and as the first line of defense, states have used a growing array of domestic tools: monetary policy, fiscal policy, financial regulatory reforms, domestic security market reforms, occasional capital controls, or the accumulation of financial reserves. Although the G20 was formed in 1999, it did not begin to take center stage in global economic governance until the global financial crisis that started in 2008. Since 2008, systemically important states — both established and aspiring powers — have taken the further steps of committing to increased global financial governance and becoming more integrated into the G20. -
How the G20 Can Help Sustainably Reshape the Global Trade System a Compilation of Analysis
How the G20 Can Help Sustainably Reshape the Global Trade System A Compilation of Analysis October 2018 How the G20 Can Help Sustainably Reshape the Global Trade System A Compilation of Analysis October 2018 Published by International Centre for Trade and Sustainable Development (ICTSD) International Environment House 2 7 Chemin de Balexert, 1219 Geneva, Switzerland Tel: +41 22 917 8492 Fax: +41 22 917 8093 [email protected] www.ictsd.org Publisher and Chief Executive: Ricardo Meléndez-Ortiz Director Global Economic Governance Initiatives: Wallace S. Cheng Junior Programme Officer, Global Governance Emanuel Boscardin Acknowledgments ICTSD gratefully acknowledges the contribution of the authors whose work is included in this compilation. Both ICTSD and the authors would like to thank all those who provided comments and feedback on earlier drafts of the papers presented in this publication. ICTSD would also like to thank Emanuel Boscardin and Emily Bloom for their great editorial coordination. As is the case with other ICTSD undertakings, this publication builds on many years and various forms of collaboration with policymakers, analysts, and other stakeholders, including most recently the Chinese, German, and Argentine G20 presidencies in 2016, 2017, and 2018. ICTSD is grateful for the generous support from its core donors, including the UK Department for International Development (DFID); the Swedish International Development Cooperation Agency (SIDA); the Ministry of Foreign Affairs of Denmark (Danida); and the Netherlands Directorate- General of Development Cooperation (DGIS). ICTSD welcomes feedback on this publication. These can be sent to Wallace S. Cheng ([email protected]) or Fabrice Lehmann, ICTSD Executive Editor ([email protected]). -
China in the G20: a Narrow Corridor for [email protected] Sino–European Cooperation
Focus | ASIA Dr. des. Sebastian Biba Sebastian Biba and Heike Holbig Goethe University Frankfurt China in the G20: A Narrow Corridor for [email protected] Sino–European Cooperation GIGA Focus | Asia | Number 2 | May 2017 | ISSN 1862-359X Prof. Dr. Heike Holbig Since it hosted the G20 summit and since Trump’s ascent to the US presi- Senior Research Fellow [email protected] dency, China has promoted its role as a defender of free trade. In line with European interests, China has also become a supporter of G20 attempts to GIGA German Institute of Global and Area Studies tackle the emerging crisis of globalisation. Indeed, China has many reasons Leibniz-Institut für Globale und Regionale Studien to be a facilitative player in the G20. However, its engagement entails limi- Neuer Jungfernstieg 21 tations for the G20 going forward. 20354 Hamburg www.giga-hamburg.de/giga-focus • Compared to India, another emerging power, China has assumed an active role in the G20, seeking to put its stamp on the G20 agenda and calling for the fo- rum’s transformation from a crisis-response mechanism to one of long-term economic governance. • There are various incentives for China to play this role: the G20’s small but widen ed membership relative to the G7, the opportunities for status enhance- ment and for pushing global governance reforms, the loose institutional design, and the focus on issues that China feels comfortable dealing with. • However, China’s prospective engagement has limits. We cannot expect China to agree to a widening of the agenda beyond financial and economic issues. -
Msc Thesis Oumaima Majiti
Taking Development into the Shadows A critical political economy perspective on the G20’s decision to revive shadow banking to close the development funding gap Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of Master in Political Science (MSc). Name: Oumaima Majiti Student number: S1030990 Supervisor: Dr. A. Wigger University: Radboud University, Nijmegen, The Netherlands Faculty: Nijmegen School of Management Specialization: International Political Economy Date of Submission: 17 August 2020 Abstract This thesis critically analyzes and explains the G20s decision to reframe shadow banking, by means of its support for the MFD agenda. The analysis has an agential, material and ideational dimension to determine the forces pushing for the agenda and to determine the structure facilitating the agency of these forces. Theoretically, this thesis employs a historical materialist framework that draws mainly on French Regulation Theory and the Amsterdam Approach and is premised upon a critical realist philosophy of science. The thesis shows that the financial and productive capital fraction have been the drivers of this agenda. Furthermore, it is shown that the MFD agenda acts as a mode of regulation to stabilize the crisis prone nature of the financialized regime of accumulation. Combined, this indicates a hegemony of the neoliberal ideology. Key words: Development; Shadow Banking; Financialization; G20; World Bank; Regulation Theory; Amsterdam Approach; Global South. Cover image: Bretton Woods Project (2017). “Development to the rescue of finance – the Bank’s ‘cascade’ approach”, 3 Juli 2017 https://www.brettonwoodsproject.org/2017/07/development-rescue-finance-banks-cascade- approach/ II “ If it looks like a duck, quacks like a duck, and acts like a duck, then it is a duck – or so the saying goes. -
The Procyclicality of Loan Loss Provisions: a Literature Review
Basel Committee on Banking Supervision Working Paper 39 The procyclicality of loan loss provisions: a literature review May 2021 The Working Papers of the Basel Committee on Banking Supervision contain analysis carried out by experts of the Basel Committee or its working groups. They may also reflect work carried out by one or more member institutions or by its Secretariat. The subjects of the Working Papers are of topical interest to supervisors and are technical in character. The views expressed in the Working Papers are those of their authors and do not represent the official views of the Basel Committee, its member institutions or the BIS. This publication is available on the BIS website (www.bis.org/bcbs/). Grey underlined text in this publication shows where hyperlinks are available in the electronic version. © Bank for International Settlements 2021. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. Contents List of members of the Research Group work stream ......................................................................................................... v Executive Summary ........................................................................................................................................................................... 1 1. Introduction ...................................................................................................................................................................... 5 2. Relevant background information .......................................................................................................................... -
Studia Diplomatica Lxviii-3 (2017) the Future of the Gx
stud.diplom.2017-3.book Page 1 Tuesday, May 30, 2017 9:26 AM STUDIA DIPLOMATICA LXVIII-3 (2017) THE FUTURE OF THE GX SYSTEM AND GLOBAL GOVERNANCE Edited by Peter DEBAERE, Dries LESAGE & Jan WOUTERS Royal Institute for International Relations stud.diplom.2017-3.book Page 2 Tuesday, May 30, 2017 9:26 AM Studia Diplomatica – The Brussels Journal of International Relations has been published since 1948 by Egmont – Royal Institute for International Relations. President: Viscount Etienne DAVIGNON Director-General: Marc OTTE Editor in Chief: Prof. Dr. Sven BISCOP Egmont – The Royal Institute for International Relations Address FPS Foreign Affairs, Rue des Petits Carmes 15, 1000 Brussels, Belgium Phone +32-(0)2.223.41.14 Fax +32-(0)2.223.41.16 E-mail [email protected] Website www.egmontinstitute.be Subscription: € 85 (Belgium) € 100 (Europe) € 130 (worldwide) Lay-out: punctilio.be Cover: Kris Demey ISSN: 0770-2965 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the permission of the publishers. stud.diplom.2017-3.book Page 1 Tuesday, May 30, 2017 9:26 AM Table of Contents 3 The Future of the Gx System and Global Governance: An Introduction Peter Debaere, Dries Lesage & Jan Wouters 7 Governing Together: The Gx Future John Kirton 29 Russia and the Future of the Gx system Victoria V. Panova 45 The Gx Contribution to Multilateral Governance: Balancing Efficiency and -
2017 G20 Hamburg Summit Final Compliance Report 8 July 2017 to 30 October 2018
The G20 Research Group at Trinity College at the Munk School of Global Affairs and Public Policy in the University of Toronto presents the 2017 G20 Hamburg Summit Final Compliance Report 8 July 2017 to 30 October 2018 Prepared by Sophie Barnett, Hélène Emorine and the G20 Research Group, Toronto, and Irina Popova, Andrey Shelepov, Andrei Sakharov and Alexander Ignatov and the Center for International Institutions Research of the Russian Presidential AcadeMy of National EconoMy and Public AdMinistration, Moscow 29 November 2018 www.g20.utoronto.ca [email protected] “The University of Toronto … produced a detailed analysis to the extent of which each G20 country has met its commitments since the last summit … I think this is important; we come to these summits, we make these commitments, we say we are going to do these things and it is important that there is an organisation that checks up on who has done what.” — David Cameron, Prime Minister, United Kingdom, at the 2012 Los Cabos Summit Contents Preface ................................................................................................................................................................... 3 G20 Research Group Research Team ............................................................................................................. 4 G20 Research Group Lead Analysts ........................................................................................................... 4 G20 Research Group Analysts ....................................................................................................................