scholarly journals Improvement of tax control in Ukraine on the basis of implementing BEPS plan tools and automatic information exchange

2020 ◽  
Vol 2020 (3) ◽  
pp. 79-94
Author(s):  
Liudmyla OLEYNIKOVA ◽  
◽  
Inna DOLZHENKO ◽  
Keyword(s):  
Comparative Analysis ◽  
Tax Evasion ◽  
Information Exchange ◽  
Analytical Data ◽  
Financial Information ◽  
Exchange System ◽  
Systematic Analysis ◽  
Cross Border ◽  
Exchange Of Information ◽  
Base Analysis

The article is devoted to substantiating the need to develop and strengthening the competencies and capabilities of tax services to identify and stop tax evasion in the global economic space characterized by the use of aggressive tax planning schemes related to the taxation of cross-border companies. The aim of the article is to determine the procedures and consequences of the introduction in Ukraine of the standard of automatic exchange of information for tax purposes, the advantages of which are its potential to curb significant tax evasion offshore. Research methods: methods used in this research goes as following: comparative analysis, systematic analysis, cognitive-analytical, data base analysis etc. It is established that the exchange of information between the tax authorities of different countries is the most important among the international instruments to combat cross-border tax evasion schemes, and the main international tool for cooperation in overcoming the asymmetry of tax information is the introduction of a standard for automatic exchange of information for tax purposes. Emphasis is placed on the parameters set by the CRS standard for the identification and exchange of information and the steps that need to be taken to implement it in Ukraine. Research methods: methods used in this research goes as following: comparative analysis, systematic analysis, cognitive-analytical, data base analysis etc. Author arrives at the conclusion that the dates of establishment of the automatic taxation and financial information exchange system in Ukraine (in accordance with CRS standards) are not being followed sufficiently. In this paper author discusses the importance of systematic and methodological establishment of the automatic taxation and financial information exchange system in Ukraine (in accordance with CRS standards) as well as suggests the methods that would efficiently speed up the process of law enforcement project development in Ukraine as well as other normative acts.

scholarly journals Hidden Treasure

2019 ◽  
Vol 18 (286) ◽  
Author(s):  
Sebastian Beer ◽  
Maria Coelho ◽  
Sebastien Leduc
Keyword(s):  
Low Income ◽  
Tax Evasion ◽  
Information Exchange ◽  
Income Tax ◽  
Finite Mixture Model ◽  
Tax Rates ◽  
Cross Border ◽  
Exchange Of Information ◽  
The Impact ◽  
Financial Secrecy

We analyze the impact of exchange of information in tax matters in reducing international tax evasion between 1995 and 2018. Based on bilateral deposit data for 39 reporting countries and more than 200 counterparty jurisdictions, we find that recent automatic exchange of information frameworks reduced foreign-owned deposits in offshore jurisdictions by an average of 25 percent. This effect is statistically significant and, as expected, much larger than the effect of information exchange upon request, which is not significant. Furthermore, to test the sensitivity of our findings, we estimate countries’ offshore status and the impact of information exchange simultaneously using a finite mixture model. The results confirm that automatic (and not upon request) exchange of information impacts cross-border deposits in offshore jurisdictions, which are characterized by low income tax rates and strong financial secrecy.

The new player in international taxation: the automatic exchange of financial information

2021 ◽  
Vol 23 (3) ◽  
pp. 41-45
Author(s):  
ESTER GARCÍA ◽  
Keyword(s):  
Information Exchange ◽  
Legal Framework ◽  
Financial Information ◽  
International Taxation ◽  
Positive Outcomes ◽  
Exchange Of Information ◽  
Bank Secrecy ◽  
Bank Accounts

The article highlights the progress of international taxation in the fight against the concealment of income in offshore jurisdictions and exposes the lights and shadows of the current legal framework for the exchange of information on bank accounts. The author examines the major problems of international taxation and how corporations avoid paying taxes in their jurisdictions and how it affects the financial sphere. The article studies bank secrecy with its harmful aspects and develops the solution to resolve the current issues. As a conclusion, the author focuses on cooperation between tax administrations and the positive outcomes from transparency and information exchange measures on the international taxation.

scholarly journals Functioning of PHI-CS (Polish Harbors Information & Control System) and the system for the exchange of information and safety in the national marine safety system

2018 ◽  
Vol 214 (3) ◽  
pp. 87-108
Author(s):  
Jolanta Martuszewska
Keyword(s):  
Control System ◽  
Information Exchange ◽  
Safety System ◽  
Information Control ◽  
Exchange System ◽  
Maritime Safety ◽  
Exchange Of Information ◽  
System Information ◽  
A Priority ◽  
Marine Safety

Abstract Increasing security in Polish maritime areas is not only a priority for maritime administration, but all users of this zone. The article proves the general assumptions of the implementation of the National Maritime Safety System as well and the method of implementation of its individual elements. Detailed system information was included PHI-CS and Information Exchange System and Sailing Safety. An attempt was made to investigate the scope of modernization of the System of Information and Navigation Safety System. The article describes elements: the national Safe Sea Net system, rules of passenger registration, databases, ICT connections.

scholarly journals THE IMPLEMENTATION OF AUTOMATIC EXCHANGE OF INFORMATION AS A TOOL TO TACKLE OFFSHORE TAX EVASION: AN EXPERIENCE FROM INDONESIA

Scientax ◽  
2020 ◽  
Vol 2 (1) ◽  
pp. 100-122
Author(s):  
Riska Marlinda Darmanti ◽  
Darmawan Mangkan
Keyword(s):  
Tax Evasion ◽  
Methodological Approach ◽  
Tax Compliance ◽  
Financial Information ◽  
International Taxation ◽  
Financial Assets ◽  
Net Worth ◽  
Exchange Of Information ◽  
Directorate General

Cross-border tax evasion has been a central issue in international taxation in recent years. The use of Offshore Financial Centres (OFCs) and low tax jurisdictions to facilitate the wealth of high net worth individuals has led to offshore tax evasion and has eroded the tax bases of countries. Meanwhile, international tax cooperation is emerging with the aim of enhancing tax transparency. One way to reach tax transparency is with the implementation of the exchange of information for tax purposes. The tax authorities have already implemented the exchange of information on request; however, this method is ineffective to fight against offshore tax evasion. The tax authorities must already obtain the evidence of their suspicion over the taxpayers; otherwise, their request may be denied as a ‘fishing expedition’. The demand for offshore financial information is obvious since it will enable tax authorities to oversee the level of offshore tax compliance. This study considers the importance of the Automatic Exchange of Information (AEOI) as a tool to access the resident’s financial information of residents who kept their financial assets in other jurisdictions with a case study in Indonesia. The financial information from other jurisdictions is fundamental for Indonesia because it can be used for analysis and law enforcement of taxpayers, especially those who previously saved money abroad and have not reported or paid the correct amount of tax. This paper recognizes that despite the benefits of the AEOI, the implementation of the AEOI in Indonesia is still facing challenges, although it has been two years since its first implementation. This study will follow a qualitative methodological approach with a detailed literature review and real experience in Indonesia. Finally, this article explores the current stage of implementing the AEOI in Indonesia and the challenges faced by Indonesia with some proposed solutions for the Directorate General of Taxes for the effective implementation of the AEOI in Indonesia.

Recommendations for deploying multidimensio

2017 ◽  
Vol 11 (1) ◽  
pp. 68-80
Author(s):  
E. E. Akimkina
Keyword(s):  
Comparative Analysis ◽  
Management System ◽  
Analytical Data ◽  
Enterprise Management ◽  
Multidimensional Data ◽  
Dimensional Approach ◽  
Process Data ◽  
Modeling Systems ◽  
Enterprise Management System ◽  
Practical Recommendations

A comparative analysis of different approaches to analytical data and shows that the most ample opportunities has a multi-dimensional approach, implemented with the help of OLAP technology. Presented multidimensional OLAP-cube model with the measurements for the analysis and processing of process data. Practical recommendations for the deployment of a multidimensional data modeling systems with regard to their integration into existing enterprise management system.

Global Banks on Trial

2020 ◽  
Author(s):  
Pierre-Hugues Verdier
Keyword(s):  
Tax Evasion ◽  
Information Exchange ◽  
Sovereign Debt ◽  
Criminal Cases ◽  
Financial Infrastructure ◽  
Compliance Officers ◽  
The 2008 Financial Crisis ◽  
Financial Indices ◽  
Fundamental Shift ◽  
Global Banks

In the years since the 2008 financial crisis, U.S. prosecutors have brought dozens of criminal cases against the world’s most powerful banks, charging them with manipulating financial indices, helping their customers evade taxes, evading sanctions, and laundering money. To settle these cases, global banks like UBS, Barclays, HSBC, and BNP Paribas paid tens of billions of dollars in fines. They also agreed to extensive internal reforms, hiring hundreds of compliance officers, spending billions on new systems, and installing independent corporate monitors. In effect, they agreed to become worldwide enforcers of U.S. law and policies. This book examines the U.S. enforcement campaign against global banks across four areas: benchmark manipulation, tax evasion, sanctions violations, and sovereign debt. It shows that U.S. prosecutors have unilaterally carved out a new role as global bank regulators, heralding a fundamental shift in how international finance is overseen. Their ability to do so stems from U.S. control over vital hubs of the international financial system, from which they can threaten global banks with exclusion. In some areas, these unilateral U.S. actions have ushered in important multilateral reforms, such as the rise of automatic tax information exchange and better-regulated financial indices. In other areas, such as financial sanctions, unilateralism has attracted protests from other states and attempts to bypass U.S.-based financial infrastructure, which could undermine the country’s power.

The Sentence is Only the Beginning: Hiccups in the Cross-Border Execution of Judgments in the Euregion Meuse-Rhine

2021 ◽  
Vol 29 (3-4) ◽  
pp. 189-217
Author(s):  
Johannes Keiler ◽  
André Klip
Keyword(s):  
Comparative Analysis ◽  
Criminal Justice ◽  
The Netherlands ◽  
Member States ◽  
Cross Border ◽  
Criminal Justice Systems ◽  
Alternative Measures ◽  
The Cross ◽  
Preliminary Phase ◽  
Country Specific

Abstract The cross-border execution of judgments remains difficult in practice for European Member States. This article seeks to analyze why this may be the case with regard to four different modalities of sentences: (1) prison sentences and other measures involving deprivation of liberty, (2) conditional sentences and alternative measures, (3) financial penalties and (4) confiscation orders. Based on a comparative analysis, this article investigates the problems at stake regarding the cross-border execution of judgements in Belgium, Germany and the Netherlands and identifies possible causes and explanations for these. The analysis shows that impediments to cooperation may inter alia stem from differences in national law and diverging national sentencing practices and cultures and may furthermore be related to a lack of possibilities for cooperation in the preliminary phase of a transfer. Moreover, some obstacles to cooperation may be country-specific and self-made, due to specific choices and approaches of national criminal justice systems.

ADDER

2021 ◽  
pp. 49-56
Author(s):  
A. N. Brysin ◽  
Yu. A. Zhuravleva ◽  
A. S. Mikaeva ◽  
S. A. Mikaeva
Keyword(s):  
Control Systems ◽  
Information Exchange ◽  
Electricity Generation ◽  
Local Network ◽  
Exchange Of Information ◽  
Upper Level ◽  
Bidirectional Exchange ◽  
And Control ◽  
Ethernet Interface

The article describes an electronic multifunctional adder for electricity metering SEM-3. The authors give the technical characteristics, the device and the principle of its operation. The presented adder is designed to monitor and account for the consumption of electricity generation and power directly from consumers, as well as in automated centralized accounting and control systems, and is designed for round-the-clock operation. The adder can collect and transmit information over six independent serial interfaces. The adder with a builtin GSM module provides bidirectional information exchange via cellular modem communication with remote devices and the transfer of accumulated data to the upper level of the automated electricity metering system. It provides bidirectional exchange of information over a local network with a PC over the built-in 10/100 Base-T Ethernet interface.

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