imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Law - regulation - systems - practices.''
| | The operating profit percentage is one of a number of profitability ratios. |
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| 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.
| | It is calculated as operating profit divided by revenue. |
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| The potential benefits of harmonisation include:
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| *Spreading better practices and appropriate standards more widely, more quickly.
| | Also known as the 'operating profit ratio', or 'operating profit margin'. |
| *Reducing the scope for tax arbitrage, regulatory arbitrage and smuggling.
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| *Reducing error rates in reporting.
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| *Saving reporting and other administration costs.
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| :<span style="color:#4B0082">'''''Tax base harmonisation'''''</span>
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| :"Agreement on tax base harmonisation has been a slow process.
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| :Supporters of harmonisation continue to argue the case, especially before their domestic electorates.
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| :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."
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| :''Common Consolidated Corporate Tax Base - Treasurer's Wiki''
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| :<span style="color:#4B0082">'''''Accounting harmonisation for crypto-assets'''''</span>
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| :"The regulation on prudential requirements for credit institutions... as it currently stands, is not tailored to crypto-assets in light of their high volatility...
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| :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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| :''Crypto-assets - European Central Bank''
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| :<span style="color:#4B0082">'''''Accepting some inconsistency'''''</span>
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| :"Existential coaching recognises that the client's worldview will only rarely be complete, coherent or consistent.
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| :Whilst some aspects will be reconcilable, others will be incapable of being resolved or harmonised."
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| :''Worldview - the Treasurer's Wiki''
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| 2. ''European Union (EU).''
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| In the EU context, harmonisation refers to the determination of EU-wide legally binding standards to be met in all Member States.
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| Also spelt Harmonization.
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| ==See also== | | ==See also== |
| * [[Common Consolidated Corporate Tax Base]] | | *[[Gross profit margin]] |
| * [[Cryptoassets]] | | *[[Net profit margin]] |
| * [[Equivalence]] | | *[[Operating profit]] |
| * [[European Central Bank]] | | *[[Profit margin]] |
| * [[European Union]] | | *[[Profitability]] |
| * [[European Union (Withdrawal Agreement) Act 2020]] | | *[[Profitability ratio]] |
| * [[Existential coaching]] | | *[[Revenue]] |
| * [[Goal congruence]]
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| * [[Member state]]
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| * [[Payments and payment systems]]
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| * [[Protectionism]]
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| * [[Regulatory arbitrage]]
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| * [[Smuggling]]
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| * [[Tax arbitrage]]
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| * [[Worldview]]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Accounting,_tax_and_regulation]] |
| [[Category:The_business_context]] | | [[Category:The_business_context]] |
