A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade.
The Walter A. Haas School of Business is the business school of the University of California, Berkeley, a public research university in Berkeley, California. It was the first business school at a public university in the United States.
Laura D'Andrea Tyson is an American economist and university administrator who is currently a Distinguished Professor of the Graduate School at the Haas School of Business of the University of California, Berkeley and a senior fellow at the Berggruen Institute. She served as the 16th Chair of the White House Council of Economic Advisers from 1993 to 1995 and 2nd Director of the National Economic Council from 1995 to 1996 under President Bill Clinton. Tyson was the first woman to hold each of those posts. She remains the only person to have served in both posts.
A financial analyst is a professional undertaking financial analysis for external or internal clients as a core feature of the job. The role may specifically be titled securities analyst, research analyst, equity analyst, investment analyst, or ratings analyst. The job title is a broad one: In banking, and industry more generally, various other analyst-roles cover financial management and (credit) risk management, as opposed to focusing on investments and valuation.
A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries. Corporate taxes may be referred to as income tax or capital tax, depending on the nature of the tax.
The California Institute for Regenerative Medicine (CIRM) is a state agency that supports research and education in the fields of stem cell and gene therapies. It was created in 2004 after 59% of California voters approved California Proposition 71: the Research and Cures Initiative, which allocated $3 billion to fund stem cell research in California. In 2020 voters approved Proposition 14 that allocated additional funds to CIRM.
Freada Kapor Klein is an American venture capitalist, social policy researcher and philanthropist. As a partner at Kapor Capital and the Kapor Center for Social Impact, she is known for efforts to diversify the technology workforce through activism and investments. Her 2007 book Giving Notice: Why the Best and the Brightest Leave the Workplace and How You Can Help Them Stay examines the reasons people have for leaving corporate America as well as the human and financial cost.
Proposition 71 of 2004 is a law enacted by California voters to support stem cell research in the state. It was proposed by means of the initiative process and approved in the 2004 state elections on November 2. The Act amended both the Constitution of California and the Health and Safety Code.
Peter Schwartz is an American business executive, futurist, author, and co-founder of the Global Business Network (GBN), a corporate strategy firm, specializing in future-think and scenario planning. In 2011, Schwartz became an executive at Salesforce.com, where his roles include Senior Vice President of Strategic Planning and Chief Futures Officer.
LECG Corporation was an American consulting company based in Emeryville, California. It provided independent expert testimony on behalf of corporations, produced authoritative studies for industry, conducted economic and financial analyses on disputes and issues, and provided strategic advisory and financial advisory services to clients. In March 2011, the company was liquidated as it was unable to service its debt obligations.
David John Teece is a New Zealand-born US-based organizational economist, Distinguished Scholar of Strategy and Innovation at the University of South Florida Muma College of Business, and the Professor in Global Business and director of the Tusher Center for the Management of Intellectual Capital at the Walter A. Haas School of Business at the University of California, Berkeley.
Roger L. Martin is the former Dean of the Rotman School of Management at the University of Toronto from 1998 to 2013 and an author of several business books. Martin has expanded several important business concepts in use today, including integrative thinking. He has been recognized by several business publications as one of the field's most important thinkers.
Alan Furman Westin was a Professor of Public Law & Government Emeritus, Columbia University, former publisher of Privacy & American Business, and former President of the Center for Social & Legal Research.
The Applied Finance Group (AFG) is an American institutional equity research firm founded in 1995 by Rafael Resendes and Dan Obrycki.
Duane J. Roth was chief executive officer and member of the board of CONNECT. He graduated from Iowa Wesleyan College.
Base erosion and profit shifting (BEPS) refers to corporate tax planning strategies used by multinationals to "shift" profits from higher-tax jurisdictions to lower-tax jurisdictions or no-tax locations where there is little or no economic activity, thus "eroding" the "tax-base" of the higher-tax jurisdictions using deductible payments such as interest or royalties. For the government, the tax base is a company's income or profit. Tax is levied as a percentage on this income/profit. When that income / profit is transferred to a tax haven, the tax base is eroded and the company does not pay taxes to the country that is generating the income. As a result, tax revenues are reduced and the country is disadvantaged. The Organisation for Economic Co-operation and Development (OECD) define BEPS strategies as "exploiting gaps and mismatches in tax rules". While some of the tactics are illegal, the majority are not. Because businesses that operate across borders can utilize BEPS to obtain a competitive edge over domestic businesses, it affects the righteousness and integrity of tax systems. Furthermore, it lessens deliberate compliance, when taxpayers notice multinationals legally avoiding corporate income taxes. Because developing nations rely more heavily on corporate income tax, they are disproportionately affected by BEPS.
Companies of the United States with untaxed profits deals with those U.S. companies whose offshore subsidiaries earn profits which are retained in foreign countries to defer paying U.S. corporate tax. The profits of United States corporations are subject to a federal corporate tax rate of 21%. In principle, the tax is payable on all profits of corporations, whether earned domestically or abroad. However, overseas subsidiaries of U.S. corporations are entitled to a tax deferral of profits on active income until repatriated to the U.S., and are regarded as untaxed. When repatriated, the corporations are entitled to a foreign tax credit for taxes paid in foreign countries.
The National Economic Research Associates or NERA is an economic consulting firm founded in 1961. It was the first consulting firm dedicated to methodically applying microeconomic theory to litigation and regulatory matters. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for government authorities, law firms, and corporations.
Repatriation tax avoidance is the legal use of a tax regime within a country in order to repatriate income earned by foreign subsidiaries to a parent corporation while avoiding taxes ordinarily owed to the parent's country on the repatriation of foreign income. Prior to the passage of the Tax Cuts and Jobs Act of 2017, multinational firms based in the United States owed the U.S. government taxes on worldwide income. Companies avoided taxes on the repatriation of income earned abroad through a variety of strategies involving the use of mergers and acquisitions. Three main types of strategies emerged and were given names—the "Killer B", "Deadly D", and "Outbound F"—each of which took advantage of a different area of the Internal Revenue Code to conduct tax-exempt corporate reorganizations.
Laoye Jaiyeola is a Nigerian economist who is former the CEO of the Nigerian Economic Summit Group.
