Base Erosion and Profit Shifting (BEPS) Implementation
Sophie Chatel, Head of the Tax Treaties Unit, Centre for Tax Policy and Administration, OECD
Maikel Evers, Tax Treaties Advisor, Centre for Tax Policy and Administration, OECD
Achim Pross, Head of International Cooperation and Tax Administration Division, Centre for Tax Policy and Administration, OECD
The Base Erosion and Profit Shifting (BEPS) project also includes key actions, notably exchange of information as well as the elimination of harmful tax practices and mutual agreement procedures to ensure that tax treaties are applied in accordance with their intents and purposes. The Inclusive Framework on BEPS, which now counts more than 100 member jurisdictions, conducts peer reviews of the implementation of BEPS action items on exchange of tax rulings, country-by-country reporting, harmful preferential tax regimes and the efficiency of mutual agreement procedures. Also, an important tool for BEPS implementation is the BEPS Multilateral Instrument (MLI), which allows signatories to quickly update its treaties to conform with BEPS tax treaty related measures. This session will provide an overview of the BEPS implementation phase and its results so far including a focus on the importance and impact of the MLI which has been signed by close to 70 jurisdictions and which is currently under ratification in many of them.
The Base Erosion and Profit Shifting (BEPS) project also includes key actions that include exchange of information as well as the elimination of harmful tax practices and mutual agreement procedures to ensure that tax treaties are applied consistent with their intents and purposes. The Inclusive Framework on BEPS, which now counts more than 100 member jurisdictions, conducts peer reviews of the implementation of BEPS action items on exchange of tax rulings, country-by-country reporting, harmful preferential tax regimes and the efficiency of mutual agreement procedures. Also, an important tool for BEPS implementation is the BEPS Multilateral Instrument (MLI), which allows signatories to quickly update its treaties to conform with BEPS tax treaty related measures. Mr. Pross will provide an overview of the BEPS implementation phase and its results so far. Ms. Chatel and Mr. Evers will focus on the importance and impact of the MLI which has been signed by close to 70 jurisdictions and which is currently under ratification in many of them.
Keynote Presentation
The BEPS Project and the Tax Challenges of the Digital Economy
• The overview of the OECD/G20 BEPS project: progress to date and future developments
• Tax challenges of the digital economy: how has digitalisation transformed the global economy?
• Creating a sustainable regulatory ecosystem for the development of digital economy
Raffaele Russo, Head of BEPS Project, The OECD
A whole new world! International tax structuring in light of the OECD BEPS project.
• What does this all mean in practice? How will the OECD BEPS project have legal effect?
• Tax structuring, before and after: the effect of the OECD BEPS project on international business structures
• Tax compliance and risk management, before and after: what will your business have to do differently going forward?
Omleen Ajimal, Director of International Tax, Squire Sanders
BEPS: Action #1 - Addressing the tax challenges of the digital economyAlex Baulf
No new taxes or recommendations unique to the digital economy were suggested by the Organisation for Economic Co-operation and Development (OECD) but the door is still open for unilateral safeguard actions.
In July 2013 the OECD unveiled the Action Plan on Base Erosion and Profit Shifting (BEPS), which aims to develop a new set of standards to prevent double non-taxation and ensure that profits are taxed where they are actually generated. By Grace Perez-Navarro, Deputy Director, and Raffaele Russo, Head of the BEPS Project, Centre for Tax Policy and Administration.
Input statement on the OECD Pillar I proposal in the field of Digital taxation. The presentation is an updated summary of the one used in Singapore last month.
The Base Erosion and Profit Shifting (BEPS) project also includes key actions that include exchange of information as well as the elimination of harmful tax practices and mutual agreement procedures to ensure that tax treaties are applied consistent with their intents and purposes. The Inclusive Framework on BEPS, which now counts more than 100 member jurisdictions, conducts peer reviews of the implementation of BEPS action items on exchange of tax rulings, country-by-country reporting, harmful preferential tax regimes and the efficiency of mutual agreement procedures. Also, an important tool for BEPS implementation is the BEPS Multilateral Instrument (MLI), which allows signatories to quickly update its treaties to conform with BEPS tax treaty related measures. Mr. Pross will provide an overview of the BEPS implementation phase and its results so far. Ms. Chatel and Mr. Evers will focus on the importance and impact of the MLI which has been signed by close to 70 jurisdictions and which is currently under ratification in many of them.
Keynote Presentation
The BEPS Project and the Tax Challenges of the Digital Economy
• The overview of the OECD/G20 BEPS project: progress to date and future developments
• Tax challenges of the digital economy: how has digitalisation transformed the global economy?
• Creating a sustainable regulatory ecosystem for the development of digital economy
Raffaele Russo, Head of BEPS Project, The OECD
A whole new world! International tax structuring in light of the OECD BEPS project.
• What does this all mean in practice? How will the OECD BEPS project have legal effect?
• Tax structuring, before and after: the effect of the OECD BEPS project on international business structures
• Tax compliance and risk management, before and after: what will your business have to do differently going forward?
Omleen Ajimal, Director of International Tax, Squire Sanders
BEPS: Action #1 - Addressing the tax challenges of the digital economyAlex Baulf
No new taxes or recommendations unique to the digital economy were suggested by the Organisation for Economic Co-operation and Development (OECD) but the door is still open for unilateral safeguard actions.
In July 2013 the OECD unveiled the Action Plan on Base Erosion and Profit Shifting (BEPS), which aims to develop a new set of standards to prevent double non-taxation and ensure that profits are taxed where they are actually generated. By Grace Perez-Navarro, Deputy Director, and Raffaele Russo, Head of the BEPS Project, Centre for Tax Policy and Administration.
Input statement on the OECD Pillar I proposal in the field of Digital taxation. The presentation is an updated summary of the one used in Singapore last month.
Scrambling for New Taxable Bases - Global Digital Economy and Local Fiscal Me...University of Ferrara
This is the presentation used during the Conference held (virtually) at the University of Sevilla "Pablo de Olavide" on December 3rd 2020. It0s a summary of previous input statement with some minor updates as the COVID-19 situation is evolving. The event has been sponsored by the Junta de Andalucía and the European Union in the framework of a research project I am partner of, sponsored by the Spanish ministry of Education.
International Tax Planning as Viewed through the Eyes of BEPSLewis Rice
Lewis Rice attorney Timothy G. Stewart co-presented to the St. Louis International Tax Group on the OECD's efforts to address Base Erosion and Profit Shifting.
Session by Achim Pross, Head, International Co-operation and Tax Administration Division, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
ICC has set out five recommendations to modernize the regulatory and competition framework that would provide protection for consumers while fostering competition, investment and innovation.
BEPS Webcast #4 - Presentation of 2014 DeliverablesOECDtax
As part of the official launch of the BEPS 2014 Deliverables, you are invited to join senior members from the OECD's Centre for Tax Policy and Administration (CTPA) for a live webcast on 16 September 2014 at 4:00PM (CEST, Paris time) as they discuss the details of the first set of deliverables, the involvement of developing countries, the input from stakeholders, as well as the planned next steps.
View the webcast: http://www.oecd.org/tax/beps-webcasts.htm
Multilateral instrument for BEPS tax treaty measures - Overview OECDtax
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS will implement minimum standards to counter treaty abuse and to improve dispute resolution mechanisms while providing flexibility to accommodate specific tax treaty policies. It will also allow governments to strengthen their tax treaties with other tax treaty measures developed in the OECD/G20 BEPS Project.
Version January 2023.
Learn more about the BEPS MLI: https://oe.cd/mli
Tax management within multinational enterprises (MNEs) has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest Grant Thornton report exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.
Addressing international corporate tax evasion an analysis of the oecd acti...Florian Marchal
This presentation aims to describe the issue around the international tax standards which are not adapted to the ongoing changes in the economy, creating loopholes and opportunities for base erosion and profit shifting. Such issue is currently being tackled and is taking place in a context where the OECD established the BEPS action plan.
This work is based around the following research question: Is the BEPS initiative an appropriate approach to harmonize the international tax system and consequently reduce base erosion and profit shifting?
Director: Professor Jean-Pierre De Laet
Assessor and jury president: Professor Pascal Minne
Future of treaty formed holding companies and preferential Harm J. Oortwijn
Past present and future developments in holding and preferential tax regimes - what once was appropriate is now perceived inappropriate... and the perception continues to evolve!
Scrambling for New Taxable Bases - Global Digital Economy and Local Fiscal Me...University of Ferrara
This is the presentation used during the Conference held (virtually) at the University of Sevilla "Pablo de Olavide" on December 3rd 2020. It0s a summary of previous input statement with some minor updates as the COVID-19 situation is evolving. The event has been sponsored by the Junta de Andalucía and the European Union in the framework of a research project I am partner of, sponsored by the Spanish ministry of Education.
International Tax Planning as Viewed through the Eyes of BEPSLewis Rice
Lewis Rice attorney Timothy G. Stewart co-presented to the St. Louis International Tax Group on the OECD's efforts to address Base Erosion and Profit Shifting.
Session by Achim Pross, Head, International Co-operation and Tax Administration Division, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
ICC has set out five recommendations to modernize the regulatory and competition framework that would provide protection for consumers while fostering competition, investment and innovation.
BEPS Webcast #4 - Presentation of 2014 DeliverablesOECDtax
As part of the official launch of the BEPS 2014 Deliverables, you are invited to join senior members from the OECD's Centre for Tax Policy and Administration (CTPA) for a live webcast on 16 September 2014 at 4:00PM (CEST, Paris time) as they discuss the details of the first set of deliverables, the involvement of developing countries, the input from stakeholders, as well as the planned next steps.
View the webcast: http://www.oecd.org/tax/beps-webcasts.htm
Multilateral instrument for BEPS tax treaty measures - Overview OECDtax
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS will implement minimum standards to counter treaty abuse and to improve dispute resolution mechanisms while providing flexibility to accommodate specific tax treaty policies. It will also allow governments to strengthen their tax treaties with other tax treaty measures developed in the OECD/G20 BEPS Project.
Version January 2023.
Learn more about the BEPS MLI: https://oe.cd/mli
Tax management within multinational enterprises (MNEs) has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest Grant Thornton report exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.
Addressing international corporate tax evasion an analysis of the oecd acti...Florian Marchal
This presentation aims to describe the issue around the international tax standards which are not adapted to the ongoing changes in the economy, creating loopholes and opportunities for base erosion and profit shifting. Such issue is currently being tackled and is taking place in a context where the OECD established the BEPS action plan.
This work is based around the following research question: Is the BEPS initiative an appropriate approach to harmonize the international tax system and consequently reduce base erosion and profit shifting?
Director: Professor Jean-Pierre De Laet
Assessor and jury president: Professor Pascal Minne
Future of treaty formed holding companies and preferential Harm J. Oortwijn
Past present and future developments in holding and preferential tax regimes - what once was appropriate is now perceived inappropriate... and the perception continues to evolve!
International Tax Planning after BEPS - A Country SpotlightTIAG_Alliance
The OECD initiative against “Base Erosion and Profit Shifting” was
commissioned by the G-20 in 2013. Final deliverables were presented to the G-20 in November 2015.
“Base Erosion and Profit Shifting (BEPS) refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no overall corporate tax being paid. BEPS is of major significance for developing countries due to their heavy reliance on corporate income tax, particularly from multinational enterprises (MNEs.)”
Creators and Presenters:
• Russell Brown, LehmanBrown, China
• Florence Bastin, Fiduciaire du Grand-Duché de
Luxembourg S.à r.l. (FLUX)
• Fabrice Rymarz, Racine, France
• Simone Hennessy, HSOC, Ireland
• Fuad Saba, FGMK, Chicago, USA (Moderator)
Session by Raffaele Russo, Head, BEPS Project, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Join senior members of the OECD's Centre for Tax Policy and Administration (CTPA) comment on the recent publication of the first steps toward implementation of OECD/G20 efforts against tax avoidance by multinationals. OECD and G20 countries have agreed three key elements that will enable implementation of the BEPS Project:
- a mandate to launch negotiations on a multilateral instrument to streamline implementation of tax treaty-related BEPS measures;
- an implementation package for country-by-country reporting in 2016 and a related government-to-government exchange mechanism to start in 2017;
- criteria to assess whether preferential treatment regimes for intellectual property (patent boxes) are harmful or not.
In addition, they will discuss upcoming discussion drafts and public consultations, and provide a progress report of the 2015 Deliverables to date.
Growth has returned since the global financial crisis, how can it be made more inclusive?
Scene Setting: Gabriela Ramos, Chief of Staff, G20 Sherpa and Head of Inclusive Growth Initiative, OECD
Place and policy: how can cities lead inclusive growth?
Cities are at the forefront of efforts to achieve inclusive growth. What does the inclusive city of the 21st century look like? How can we narrow the gap between rich and poor communities? What role can housing play in promoting inclusive growth?
Lamia Kamal-Chaoui, Director, Centre for Entrepreneurship, SMEs, Regions and Cities, OECD
Pascal Saint-Amans, Director, Centre for Tax Policy and Administration, OECD
Kurt Van Dender, Head of Unit, Centre for Tax Policy and Administration, OECD
This session discussed key findings from recent work on the use of taxes to tackle climate change, including a preview of the upcoming OECD publication, Taxing Energy Use 2018, which measures the magnitude and coverage of energy and carbon taxes in 42 OECD and G20 countries and provides a first appreciation of changes in energy and carbon taxes over time.
A key pillar of ensuring the integrity of the global financial system is to ensure that information is available to tax authorities’ to enable them to administer their domestic tax laws. The OECD’s work in this area is conducted through the Global Forum on Transparency and Exchange of Information for Tax Purposes.
The Global Forum is responsible for ensuring a rapid implementation of the standards of exchange of information on request (EOIR) and the automatic exchange of financial account information (AEOI). Importantly, each of these standards includes requirements to maintain beneficial ownership information. Mr. Housden and Mr. Auerbach will give an overview of the standards, the review processes that are in place and the results so far.
Teaching for truth – The role of education policy in public trust
Andreas Schleicher, Director for Education and Skills and Special Advisor on Education Policy to the Secretary-General, OECD
These days, virality seems privileged over quality in the distribution of news with truth and fact losing currency in decision making and democratic choices. Assertions which “feel right” but have no basis in fact seem to be accepted as valid on the grounds that they challenge elites and vested interests. Algorithms that sort us into groups of like-minded individuals create echo chambers that amplify our views, leave us uninformed of opposing arguments, and polarise our societies. Those algorithms are not a design flaw. They are the heart of why social media work.
In this context, what can countries do to foster trust, as a fundamental prerequisite for social and economic well-being, for enhancing social cohesion and strengthening resilience, and for maintaining security and order in our societies? OECD’s Survey of Adult Skills (PIAAC) shows that education strengthens the cognitive and analytical capacities needed to develop, maintain, and (perhaps) restore trust in both close relationships as well as in anonymous others. It does so both directly, through building and reinforcing literacy and numeracy in individuals, and indirectly, through facilitating habits and reinforcing behaviours such as reading and writing at home and at work. Education and trust are thus fundamentally intertwined and dependent on each other.
What’s the role of trade in inclusive growth?
Ken Ash, Director, Trade and Agriculture, OECD
Public scepticism about trade has grown in many countries, as one part of a wider backlash against globalisation. We need to acknowledge that frustration with ‘the system’ has its roots in some genuine problems. At the same time, we need to acknowledge that trade has helped to improve lives around the world. OECD analysis supports a much more integrated approach to policy making, moving each of us beyond our comfortable silos. Why does trade matter today - or does it - and how can trade contribute to more inclusive growth?
Investing in climate, investing in growth // World Energy Outlook – How can we meet climate, energy access and air quality goals?
Timur Guel, Senior Energy Analyst, Energy Demand Outlook Division, International Energy Agency
Energy is fundamental for the achievement of many of the UN’s Sustainable Development Goals (SDGs). Three of them are directly related to the production and use of energy: to ensure universal access to affordable, reliable, sustainable and modern energy services by 2030 (SDG 7); to substantially reduce the air pollution which causes deaths and illness (SDG 3.9); and to take effective action to combat climate change (SDG 13). The IEA’s new Sustainable Development Scenario, published for the first time in the IEA’s World Energy Outlook 2017, integrates all these goals at the same time with the objective to set out an energy sector pathway that leads to a cleaner and more inclusive energy future. This session will discuss some of the scenario’s main findings, and what they imply for the energy sector and for energy policymakers.
Budget transparency brings many benefits for citizens and for society, but putting it into practice can sometimes appear as a daunting task.
This session will highlight the Budget Transparency Toolkit - developed by the OECD with the participation of the Global Initiative for Fiscal Transparency (GIFT) Network - and the practical steps that it provides for supporting openness, integrity and accountability in public financial management. Furthermore, it will shine a spotlight on the specific role that parliaments have in ensuring budget transparency, highlighting emerging good practices. It will be followed by a discussion on measuring budget transparency in parliaments.
While proposing and implementing the budget are the legal duty of the executive, strengthening the involvement and participation of citizens and civil society can increase responsiveness, efficiency, impact and trust. Heightened citizen engagement also reduces opportunities for corruption and strengthens the culture of open democracy.
This session will use country examples to identify the opportunities for participative approaches across the budget cycle and highlight some of the key challenges and questions for debate.
Integrating immigrants and their children is a major policy concern for many OECD countries. Immigrants represent a sizeable segment of our population: more than one in five persons in the OECD is either foreign-born or native-born with at least one immigrant parent - and this share is expected to grow further. Yet, the outcomes of immigrants lag behind those with native-born parents in all major areas of integration, including the labour market, education, and social inclusion. In addition, immigrants tend to gather in urban and capital city-regions: two-thirds of the foreign-born population in the OECD live in urban areas on average, while asylum seekers seem to be more evenly distributed. Tackling barriers to integration is essential to ensure social cohesion and the acceptance of further immigration by the host country population. Achieving it needs to adopt a territorial approach to take into account the variety of local situations and build appropriate coordination mechanisms with local governments, in charge of 40% of public spending and 60% of public investment on average in the OECD.
This session will draw on key lessons from the OECD’s work on integration and summarise the main challenges and good policy practices to support the lasting integration of immigrants and their children. It will provide parliamentarians with facts and evidence on integration outcomes, as well as a number of good practice policy approaches. It will focus on the specific integration challenges faced by persons who migrate for family reasons – the single most important motive for migration in OECD countries – and on good practices to manage integration at the local level.
The OECD is examining how the two global mega-trends of population ageing and rising inequalities have been developing and interacting, both within and across generations. This work, and specifically a new report “Preventing Ageing Unequally” (to be released on 18 October), will take a life-course perspective, showing how inequalities in education, health, employment and income interact, and can result in large lifetime disparities across different groups. This discussion will focus on a policy agenda for more inclusive ageing to prevent, mitigate and cope with inequalities and ensure a better retirement for all, with policies coordinated across family, education, employment, social ministries and agencies.
Digital transformation is under way, creating new opportunities and affecting organisations, jobs and lives in ways never seen before. Digital opportunities abound, but governments must ensure they are equally harnessed by all countries, firms and individuals. To navigate the digital transformation, governments need to review legacy frameworks, embracing digital innovation and mitigating potential social cost. They also must step up efforts to empower people with the skills needed to succeed in a digital world. A new sense of urgency to marshal digital development for productivity and more inclusive and sustainable prosperity has pushed digital issues high on national and global policy agendas. In this context, the OECD has started to undertake a large cross-cutting project focused on making the transformation work for growth and well-being.
This session explores key insights from the new OECD Digital Economy Outlook 2017, which provides a holistic overview of converging trends, policy developments and data on both the supply and demand sides of the digital economy, and illustrates how the digital transformation is affecting economies and societies.
Session by Gabriela Ramos, Chief of Staff, G20 Sherpa and Special Counsellor to the Secretary-General, OECD
Among the myriad challenges facing our economies, few pose greater obstacles to better economic performance than the productivity slowdown and the rise in inequalities. Are they influencing each other? OECD work on the productivity-inclusiveness nexus, presented at the 2016 OECD Ministerial Council Meeting, sets out what we know about the interactions between productivity and inclusiveness, identifies knowledge gaps, and charts win-win policies that boost productivity and tackle inequality.
Despite advances in business and technological transformations, we can no longer assume that they will automatically lead to better economic performance and stronger productivity growth. And there is no guarantee that the benefits of higher levels of growth, or higher levels of productivity in certain sectors, will be shared across the population as a whole. This session will explore how policy makers can adopt a broader, more inclusive approach to productivity growth – one that considers how to expand the productive assets of an economy by investing in individuals’ skills and providing an environment where enterprises have a fair chance to succeed, including in lagging regions, generating strong and sustainable growth and opportunities for all.
Session by Rolf Alter, Director, Public Governance and Territorial Development, OECD
Effective international rules and standards have proven to be beneficial for a sustainable world economy and shared well-being. International organisations play a key role in developing such rules and understanding how they operate and engage with stakeholders is important for ensuring their effectiveness.
To shed light on international standard setting, this presentation will illustrate recent OECD work collecting, comparing and assessing the practices of 50 international organisations on their governance arrangements, operational modalities, use of quality management disciplines and co-operation efforts. Looking at different types of organisations, our work identifies avenues for making their legal and policy instruments more effective, inclusive and relevant, in an effort to address the current discontent with globalisation arising from fragmented rules of the game. Recognising the challenges of monitoring and evaluating the implementation and impact of international standards and guidelines, transparency, flexibility, focus and co-operation are vital to ensuring complementarity.
Session by Charlotte Petri Gornitzka, Chair, Development Assistance Committee, OECD
The world has come a long way: poverty is three times lower than in 1970 and economic prosperity is on the rise. But there is still much to be done, in particular in focussing on the lowest income countries, and ensuring that financing and international efforts are aligned with the Sustainable Development Goals (SDGs). The system of Official Development Assistance (ODA) offers a consistent basis for donors to provide support and is a key part of the international development architecture, measuring the financial efforts of participating nations and working towards an overall aim of consistent contributions. The OECD collates the statistics and members’ activities are reviewed by their peers on a periodic basis, providing accountability and ensuring efforts are well placed.
In a world of ever constrained budgets, nations must continue to provide the finance to back up their commitments to delivering on the SDGs. But the financing must be sustainable and must seek to maximise the opportunities in both the public and private sectors. This presentation will focus on how the Development Assistance Committee and ODA systems are reforming to ensure they remain relevant and fit for purpose in this ever-changing development landscape.
Session by Catherine Mann, Chief Economist, G20 Finance Deputy and Special Counsellor to the Secretary-General, OECD
The global economy remains in a low-growth trap with world GDP stuck in 2016 at around 3%, well-below the long-run average for the fifth consecutive year. Disappointing growth outcomes have led to weak consumption and investment, sustaining a vicious cycle of poor productivity improvements and further growth disappointments. Weak investment accounts for a large share of this poor productivity performance with capital spending in the OECD barely above the pre-crisis peak and well below the trajectory of past recoveries. Most strikingly, investment has not responded to the exceptionally low interest rates brought about by monetary policy.
Increases in investment are needed to push economies onto a higher growth path and this calls for decisive policy actions. During this presentation, OECD’s Chief Economist will share insights into how fiscal initiatives and structural reforms can lead to higher growth without compromising debt sustainability.
Session by Andreas Schleicher, Director for Education and Skills and Special Advisor on Education Policy to the Secretary-General, OECD
The OECD Programme for International Student Assessment (PISA) examines not just what students know in science, reading and mathematics, but what they can do with what they know. Results from PISA allow policy makers around the world to set policy targets against measurable goals achieved by other education systems, and learn from policies and practices applied elsewhere. Andreas Schleicher, Director for Education and Skills will present an overview of the PISA 2015 results for science and students’ attitudes towards learning science, including their expectations of working in science-related careers. The presentation will also examine how performance and equity have evolved across PISA-participating countries and economies, and provide insights on education policies that can help to foster improvements in equity and outcomes.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
1. The swiftest way to fix the global
worldwide tax treaty network
Sophie Chatel & Maikel Evers
Centre for Tax Policy and Administration
multilateralinstrument@oecd.org
Treaty-Related BEPS
Measures and the MLI
2. Tax Treaty Related BEPS Actions
2
Action 14:
Making Dispute
Resolution More
Effective
Action 7:
Preventing the
Artificial Avoidance
of Permanent
Establishment Status
Action 6:
Preventing the
Granting of Treaty
Benefits in
Inappropriate
Circumstances,
Action 15:
Developing a
Multilateral
Instrument
4. Multilateral negotiations
Substance of tax
treaty-related BEPS
measures agreed in
the BEPS Package
Focus: How to modify
tax treaties to
implement the agreed
BEPS measures
Development of
provisions on
mandatory binding
MAP arbitration
MULTILATERAL
CONVENTION TO
IMPLEMENT TAX TREATY
RELATED MEASURES TO
PREVENT BASE EROSION
AND PROFIT SHIFTING
4
5. Facilitating different policy preferences
MULTILATERAL
CONVENTION TO
IMPLEMENT TAX TREATY
RELATED MEASURES TO
PREVENT BASE EROSION
AND PROFIT SHIFTING
Elements of flexibility
Specifying tax agreement covered
Meeting a Minimum Standard in another way
Opting out non-Minimum Standard provisions
Applying additional or alternative provisions
5
8. 8
Entry into force
8
• Entry into force of the MLI
• Ratification by 5 signatories required
• Entry into force for each other signatory
1 2 3 4 5
• MLI in force
9. Jurisdictions signed up
First five ratify > MLI in Force
MLI modifies Covered Tax Agreements
Entry into force: impact on treaty networks
9
