Harmonisation: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Amend punctuation.) |
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:<span style="color:#4B0082">'''''Tax base harmonisation'''''</span> | :<span style="color:#4B0082">'''''Tax base harmonisation'''''</span> | ||
:Agreement on tax base harmonisation has been a slow process. | :"Agreement on tax base harmonisation has been a slow process. | ||
:Supporters of harmonisation continue to argue the case, especially before their domestic electorates. | :Supporters of harmonisation continue to argue the case, especially before their domestic electorates. | ||
:Supporters of harmonisation have also proposed the introduction of a common tax base among a voluntary coalition of willing Member States if agreement among all Member States is not forthcoming. | :Supporters of harmonisation have also proposed the introduction of a common tax base among a voluntary coalition of willing Member States if agreement among all Member States is not forthcoming." | ||
:''Common Consolidated Corporate Tax Base - Treasurer's Wiki'' | :''Common Consolidated Corporate Tax Base - Treasurer's Wiki'' | ||
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:<span style="color:#4B0082">'''''Accounting harmonisation for crypto-assets'''''</span> | :<span style="color:#4B0082">'''''Accounting harmonisation for crypto-assets'''''</span> | ||
:The regulation on prudential requirements for credit institutions... as it currently stands, is not tailored to crypto-assets in light of their high volatility... | :"The regulation on prudential requirements for credit institutions... as it currently stands, is not tailored to crypto-assets in light of their high volatility... | ||
:A classification of crypto-assets as intangible assets (IAS 38) would automatically mean that crypto-assets would be deducted prudentially. Accounting standard setting bodies/authorities could pursue a harmonised accounting treatment by prescribing that banks should account for crypto-assets as intangible assets." | :A classification of crypto-assets as intangible assets (IAS 38) would automatically mean that crypto-assets would be deducted prudentially. Accounting standard setting bodies/authorities could pursue a harmonised accounting treatment by prescribing that banks should account for crypto-assets as intangible assets." | ||
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:<span style="color:#4B0082">'''''Accepting some inconsistency'''''</span> | :<span style="color:#4B0082">'''''Accepting some inconsistency'''''</span> | ||
:Existential coaching recognises that the client's worldview will only rarely be complete, coherent or consistent. | :"Existential coaching recognises that the client's worldview will only rarely be complete, coherent or consistent. | ||
:Whilst some aspects will be reconcilable, others will be incapable of being resolved or harmonised. | :Whilst some aspects will be reconcilable, others will be incapable of being resolved or harmonised." | ||
:''Worldview - the Treasurer's Wiki'' | :''Worldview - the Treasurer's Wiki'' | ||
Revision as of 09:03, 1 July 2021
1. Law - regulation - systems - practices.
The act of making laws, regulations, systems or practices the same - or sufficiently similar - in different countries, companies or the like, so that they can work together more easily.
The potential benefits of harmonisation include:
- Spreading better practices and appropriate standards more widely, more quickly.
- Reducing the scope for tax arbitrage, regulatory arbitrage and smuggling.
- Reducing error rates in reporting.
- Saving reporting and other administration costs.
- Tax base harmonisation
- "Agreement on tax base harmonisation has been a slow process.
- Supporters of harmonisation continue to argue the case, especially before their domestic electorates.
- Supporters of harmonisation have also proposed the introduction of a common tax base among a voluntary coalition of willing Member States if agreement among all Member States is not forthcoming."
- Common Consolidated Corporate Tax Base - Treasurer's Wiki
- Accounting harmonisation for crypto-assets
- "The regulation on prudential requirements for credit institutions... as it currently stands, is not tailored to crypto-assets in light of their high volatility...
- A classification of crypto-assets as intangible assets (IAS 38) would automatically mean that crypto-assets would be deducted prudentially. Accounting standard setting bodies/authorities could pursue a harmonised accounting treatment by prescribing that banks should account for crypto-assets as intangible assets."
- Crypto-assets - European Central Bank
- Accepting some inconsistency
- "Existential coaching recognises that the client's worldview will only rarely be complete, coherent or consistent.
- Whilst some aspects will be reconcilable, others will be incapable of being resolved or harmonised."
- Worldview - the Treasurer's Wiki
2. European Union (EU).
In the EU context, harmonisation refers to the determination of EU-wide legally binding standards to be met in all Member States.
Also spelt Harmonization.
