AIESEC is an international youth-run and led, non-governmental and not-for-profit organization that provides young people with leadership development, cross-cultural internships, and global volunteer exchange experiences. The organization focuses on empowering young people to make a progressive social impact. The AIESEC network includes approximately 40,000 members in 120+ countries.
The International Union for Conservation of Nature (IUCN) is an international organization working in the field of nature conservation and sustainable use of natural resources. It is involved in data gathering and analysis, research, field projects, advocacy, and education. IUCN's mission is to "influence, encourage and assist societies throughout the world to conserve nature and to ensure that any use of natural resources is equitable and ecologically sustainable".
Tax competition, a form of regulatory competition, exists when governments use reductions in fiscal burdens to encourage the inflow of productive resources or to discourage the exodus of those resources. Often, this means a governmental strategy of attracting foreign direct investment, foreign indirect investment, and high value human resources by minimizing the overall taxation level and/or special tax preferences, creating a comparative advantage.
An indirect tax is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased. Alternatively, if the entity who pays taxes to the tax collecting authority does not suffer a corresponding reduction in income, i.e., impact and tax incidence are not on the same entity meaning that tax can be shifted or passed on, then the tax is indirect.
Economic progressivism or fiscalprogressivism is a political and economic philosophy incorporating the socioeconomic principles of social democrats and political progressives. These views are often rooted in the concept of social justice and have the goal of improving the human condition through government regulation, social protections and the maintenance of public goods. It is not to be confused with the more general idea of progress in relation to economic growth.
The Space Generation Advisory Council (SGAC), in support of the United Nations Programme on Space Applications, is a non-governmental organization and professional network that "aims to bring the views of students and young space professionals to the United Nations (UN), space industry, and other organizations." SGAC purpose is to connect, inspire, engage, and advocate; it works to raise awareness among the next generation of space professionals globally. The SGAC network currently represents over 25,000 members across 165 countries – the world's largest network of students, young professionals, and alumni in the space industry. SGAC operates in the six official languages of the United Nations, though the official working language is English.
The arm's length principle (ALP) is the condition or the fact that the parties of a transaction are independent and on an equal footing. Such a transaction is known as an "arm's-length transaction".
The International Cooperative Alliance (ICA) is a non-governmental cooperative organization founded in 1895 to unite, represent and serve cooperatives worldwide. The ICA is the custodian of the internationally recognised definition, values and principles of a cooperative in the ICA Statement on the Cooperative Identity. The ICA represents 315 co-operative federation and organisations in 107 countries.
The State Taxation Administration is a ministerial-level department within the government of the People's Republic of China. It is under the direction of the State Council, and is responsible for the collection of taxes and enforces the state revenue laws. Previously known as State Administration of Taxation.
The World Assembly of Youth (WAY); French: Assemblée Mondiale de la Jeunesse, Spanish: Asamblea Mundial de la Juventud is the international coordinating body of national youth councils and national youth organisations. The full members of WAY are national youth councils. WAY currently has 140 member organisations from all continents. As the international coordinating body of national youth councils, WAY has special consultative status with the United Nations, the highest status possible for a non-governmental organization. WAY co-operates with the UN and many of its special agencies, particularly with UNAIDS, UNEP, ILO, UNESCO, UNFPA, UNICEF, UNDP, UNCTAD and WHO.
The IU, in full the International Union for Land Value Taxation, is an international umbrella organisation for land value tax reformers. It has members in countries around the world – activists, politicians, professionals and academics, and is affiliated with national and local organisations. The IU enjoys Special Consultative Status at the United Nations.
The International Organisation of Employers (IOE) was created in 1920 to advocate for employers and the business community in the tripartite governance structure of the International Labour Organization (ILO). Today, from its headquarters in Geneva, Switzerland, IOE continues to defend and promote these same interests across a wide range of UN agencies, international organisations, intergovernmental processes and the media. As of September 2019, IOE had 156 national employer organisations members in 145 countries. It remains involved in the activities of the International Labour Organization, acting as Secretariat to the Employers' Group, as well as representing business in international forums, including the G20 intergovernmental process on labour and social policy. It describes itself as "the largest network of the private sector in the world" and "the global voice of business".
WREN is a major non-profit organization registered in the United Kingdom with charitable status and affiliated to UNESCO, the Deputy Director General of which is its honorary President. It has a Governing Council, an Executive Committee and a Director General. It maintains links with many United Nations, governmental and non-governmental organisations.
The Inter-American Center of Tax Administrations "CIAT" is an international organization specialized in training and exchanges of information between national tax administrations.
The Organisation for Economic Co-operation and Development is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members.
The Foreign Account Tax Compliance Act (FATCA) is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report such assets and identities of such persons to the United States Department of the Treasury. FATCA also requires such persons to report their non-U.S. financial assets annually to the Internal Revenue Service (IRS) on form 8938, which is in addition to the older and further redundant requirement to report them annually to the Financial Crimes Enforcement Network (FinCEN) on form 114. Like U.S. income tax law, FATCA applies to U.S. residents and also to U.S. citizens and green card holders residing in other countries.
The International Hospital Federation (IHF) is an independent, not-for-profit, non-governmental organization based in Bernex, Switzerland. The IHF is a global association for healthcare management that assists healthcare organizations and facilities in improving their performance by implementing initiatives that enhance their responsiveness, efficiency, accessibility, and quality in meeting the healthcare requirements of people all over the world. The IHF also provides a platform for the global healthcare community to share knowledge, ideas, and experiences, as well as identify international partnerships and collaboration opportunities. Furthermore, the Federation encourages the creation of new national hospital organizations in order to include as many countries as possible in their activities, particularly emerging and developing nations, and to grow their network.
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 another country or 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 government is detained. 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.
The global minimum corporate tax rate, or simply the global minimum tax, is a minimum rate of tax on corporate income internationally agreed upon and accepted by individual jurisdictions. Each country would be eligible to a share of revenue generated by the tax. The aim is to reduce tax competition between countries and discourage multinational corporations (MNC) from profit shifting to achieve tax avoidance.
Reuven Avi-Yonah is a tax attorney, academic, and author. He is the Irwin I. Cohn Professor of Law, and the director of the International Tax LLM Program at the University of Michigan. He is most known for his research on corporate and international taxation, and is the author of several books including Advanced Introduction to International Tax, Global Perspectives on Income Taxation Law, and International Tax as International Law.
