imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Banking - regulation.''
| | The value of a currency in terms of real purchasing power. |
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| (P1).
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| Pillar 1 is the dimension of banking regulation which establishes minimum capital requirements based on market, credit and operational risks, and a minimum leverage ratio.
| | It is calculated by comparing the price of a hypothetical market basket of goods in two different countries, translated into the same currency at the prevailing exchange rate. |
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| Additional capital requirements may be imposed by bank supervisors under Pillar 2.
| | It is useful in measuring the price competitiveness of domestic goods in international markets. |
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| 2. ''Tax - profit shifting - Global Minimum Tax - Organisation for Economic Co-operation and Development (OECD).''
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| Pillar 1 of the OECD's tax reforms proposed in 2021 would give taxing rights over the residual profits of large multinational enterprises to the jurisdictions where the customers and users are located.
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| :<span style="color:#4B0082">'''''Treasurers may need to assist in compliance with Pillar 1'''''</span>
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| :"Pillar 1 [is] a new nexus rule, which reallocates a business’s residual profits to the jurisdictions that generate value without necessarily having a physical presence.
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| :If Pillar 1 is introduced, treasurers may need to assist in compliance, setting up bank accounts and arranging funds transfers in order to meet these liabilities."
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| :''Graham Robinson, international tax and treasury partner PwC & Iain McDonald international tax and treasury director PwC - The Treasurer, Issue 4 2022 - December 2022, p40.''
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| == See also == | | == See also == |
| | * [[Currency]] |
| | * [[Exchange rate]] |
| | * [[Real]] |
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| * [[Bank supervision]]
| | [[Category:Manage_risks]] |
| * [[Base erosion and profit shifting]] (BEPS)
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| * [[Basel III]]
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| * [[Capital adequacy]]
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| * [[Capital Conservation Buffer]]
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| * [[Corporation Tax]]
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| * [[Countercyclical buffer]]
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| * [[Credit risk]]
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| * [[Domestic Minimum Tax]]
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| * [[Effective tax rate]] (ETR)
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| * [[European Union]]
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| * [[Financial reporting]]
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| * [[Global Anti-Base Erosion Rules]] (GloBE]
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| * [[Gross domestic product]] (GDP)
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| * [[Group]]
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| * [[G7]]
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| * [[Holdouts]]
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| * [[Income Inclusion Rule]] (IIR)
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| * [[Income Tax]]
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| * [[Interest Rate Risk in the Banking Book]]
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| * [[Internal Capital Adequacy Assessment Process]]
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| * [[Leverage Ratio]]
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| * [[Market risk]]
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| * [[Multinational corporation/company]]
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| * [[Nexus rule]]
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| * [[Operational risk]]
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| * [[Organisation for Economic Co-operation and Development]] (OECD)
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| * [[Parent company]]
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| * [[Pillar 2]]
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| * [[Pillar 3]]
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| * [[PRA buffer]]
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| * [[Profit shifting]]
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| * [[Prudential Regulation Authority]] (PRA)
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| * [[Regime]]
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| * [[Risk management]]
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| * [[Sister company]]
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| * [[Stress]]
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| * [[Subject To Tax Rule]] (STTR)
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| * [[Supervisory Review and Evaluation Process]] (SERP)
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| * [[Tax ]]
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| * [[Tax avoidance]]
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| * [[Tax compliance]]
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| * [[Tax evasion]]
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| * [[Tax haven]]
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| * [[Tax rate]]
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| * [[Three Pillars of Capital]]
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| * [[Top-up tax]]
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| * [[Transfer pricing]]
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| * [[Undertaxed Payments Rule]] (UTPR)
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| [[Category:Accounting,_tax_and_regulation]] | |
