Podcasts about central bank governors

A review of the week's major US international tax-related news. In this edition: US House legislators urge Taiwan tax negotiation – IRS launches new LB&I passthrough field operations unit – IRS official discusses CAMT campaign – OECD releases tax report to G20 Finance Ministers and Central Bank Governors.

A monthly review of US international tax-related developments. In this edition: US Congress begins August recess – US Supreme Court overrules Chevron deference to agency regulations – US appellate court rules NR's gain from sale of its US partnership interest attributable to inventory is not US source income – IRS final Section 367(b) regs address certain cross-border triangular reorgs, inbound nonrecognition transactions – IRS officials offer update on CAMT, PTEP guidance – IRS and Medtronic file Eighth Circuit appellate briefs arguing for different transfer pricing methods – IRS official says corporations failing to respond to TP compliance letters referred for possible examination – G20 Finance Ministers, Central Bank Governors reiterate support for BEPS 2.0 – Inclusive Framework on BEPS finalizing MLC to implement Pillar One Amount A, Amount B consensus near – OECD releases sixth edition of Corporate Tax Statistics publication, Draft User Guide for GloBE Info Return XML Schema.

Hello, and welcome to episode 110 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. This week's mass of financial crime news looks at action across the globe on sanctions, with the principal target being Russia and its overseas operations in Africa. The bribery and anti-corruption news comes from Nigeria where Glencore is centre stage, and an interesting story from Queensland, Australia. The Office of the Comptroller of the Currency in the US has raised a scan email warning. On money laundering news, more on Turkey's attempts to come off the FATF's ‘Grey List', and MONEYVAL has news on Bulgaria, the Vatican City, and San Marino. There is also the usual round-up of cyber-attack news, which includes aggressive action from the US on the 911 S5 Botnet. Let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council of Europe, Stricter regulation is needed to prevent corruption in top executive functions of central governments, says the Council of Europe's GRECO.Council of Europe, GRECO Annual Report.Council of the European Union, Russia: EU sets up new country-specific framework for restrictive measures against those responsible for human rights violations, and lists 20 persons.Council of the European Union, G7 Finance Ministers and Central Bank Governors' Communiqué, Stresa, 23-25 May 2024.Council of the European Union, Anti-money laundering: Council adopts package of rules.Eurojust, Major operation to take down dangerous malware systems.European Securities and Markets Authority, ESMA reminds on rules for sharing information during pre-close calls.Europol, Largest ever operation against botnets hits dropper malware ecosystem.General Court of the European Union, Farkhad Teimurovich Akhmedov v Council of the European Union.Europol, Crackdown on money mule service providers laundering over EUR 10 million.HM Treasury, Policy paper: Joint EU-UK Financial Regulatory Forum.Homeland Security Investigations, HSI Joins the Department of Treasury in Announcing Sanctions Against Wagner Group-linked Companies in the Central African Republic.MONEYVAL, MONEYVAL publishes follow-up reports on Bulgaria, the Holy See and San Marino.MONEYVAL, Bulgaria strengthened its preventive framework to combat money laundering and financing of terrorism, says Council of Europe body.MONEYVAL, The Holy See (including Vatican City State) improved Anti-Money Laundering and combating the financing of terrorism measures with respect to banking and legal persons.MONEYVAL, San Marino strengthened its sanctions for breaches of application of some of the Anti-Money Laundering and Combating the Financing of terrorism measures.National Crim Agency, National Crime Agency part of international operation to destroy cyber crime services.National Cyber Security Centre, Raising the cyber resilience of software 'at scale'.Office of Financial Sanctions Implementation, Guidance: OFSI General licence INT/2024/4761108.Office of Financial Sanctions Implementation, General Licence – Funds of non-designated third parties involving designated credit or financial institutions (“Personal Remittances”) INT/2024/4761108.Office of Financial Sanctions Implementation, Guidance: Russian Oil Services ban.Office of Financial Sanctions Implementation, General licences - INT/2024/4423849, INT/2023/3074680, INT/2022/2470156 and INT/2022/2470056.Office of Financial Sanctions Implementation, General Licence - Russian Banks – UK subsidiaries – Guernsey subsidiary – EU subsidiaries - Basic needs, routine holding and maintenance, the payment of legal fees and insolvency related payments: INT/2022/1280876.Office of Financial Sanctions Implementation, General Licence – Oil Price Cap  INT/2024/4423849.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Somalia.Office of Foreign Assets Control, Counter Terrorism and Iran-Related Designations Removals and Updates.Office of the Comptroller of the Currency, Fictitious Regulatory Notifications: Fictitious Notification Regarding the Release of Funds Supposedly Under the Control of the Office of the Comptroller of the Currency.Queensland government, Independent review into the Crime and Corruption Commission's (CCC) reporting on the performance of its corruption functions.UK legislation, The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2024 SI No. 695.UK legislation, The Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2024 SI No. 644.US Department of Justice, 911 S5 Botnet Dismantled and Its Administrator Arrested in Coordinated International Operation.US Department of State, Imposing Sanctions on Entities Supporting Russia's Malign Activities in Africa.US Department of the Treasury, G7 Finance Ministers and Central Bank Governors' Communiqué.US Department of the Treasury, Treasury Sanctions a Cybercrime Network Associated with the 911 S5 Botnet.US Internal Revenue Service, Ukrainian national pleads guilty to money laundering charge stemming from attempt to export dual-use high precision jig grinder to Russia.White & Case, EU launches new sanctions framework targeting Russia regarding human rights violations.

Cooperation is key, for ASEAN to compete globally - that was the message DPM Lawrence Wong sought to put across at the recent ASEAN Finance Ministers' and Central Bank Governors' Meeting. On this episode of Morning Shot, Angela Mancini, Partner & Head of APAC Markets, Control Risks shares her insights on what ASEAN nations must do to remain a bright spot for growth amid global economic uncertainty.  Presented by: Ryan Huang This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg)See omnystudio.com/listener for privacy information.

EU Commissioner for the Economy Paolo Gentiloni says Eurozone inflation will be near the 2% target in 2024. He speaks with Bloomberg's Haslinda Amin from the G-20 meeting of Finance Ministers and Central Bank Governors in Gandhinagar, India.See omnystudio.com/listener for privacy information.

In this latest Hindi Newsflash: Federal treasurer Jim Chalmers leaves for India tonight to attend the G20 Finance Ministers and Central Bank Governors meeting; South Australia to implement new rental reforms that restrict evictions; In cricket, Indian cricket team for Asian Games announced and more.

EU finance ministers met at the April 2023 informal ECOFIN meeting to discuss the reform of the fiscal governance framework as proposed by the European Commission. Bruegel researchers were asked to contribute to this discussion by providing information on the long-term fiscal needs that countries will have and how well they may be able to meet these needs. In this episode of The Sound of Economics, Maria Demertzis invites Zsolt Darvas and Jeromin Zettelmeyer to share their insights on the implications of long-term fiscal challenges facing the European Union.  In their latest report, the authors identify that the pandemic and subsequent price shocks triggered by Russia's invasion of Ukraine have increased longer-term fiscal pressures in the European Union through higher debt, higher expected real interest rates and higher public investment needs.  Relevant publication: Zettelmeyer, J., G. Claeys, Z. Darvas, L. Welslau and S. Zenios (2023) ‘The longer-term fiscal challenges facing the European Union' Policy Brief 10/2023, Bruegel This Policy Brief is a version of a paper prepared for the Working Session II of the Informal Meeting of EU Economy and Finance Ministers and Central Bank Governors, Stockholm, 29 April 2023.

Foreign Ministers at the G20 don't normally seek to negotiate a joint statement. But last week, the G20 Finance Ministers and Central Bank Governors meeting that was held in Bengaluru also ended without a joint statement, for only the second time in history- the last time being last year, in Bali last year. It is now clear that the differences over the war in Ukraine are a serious threat to consensus in the G20 process. Read more

In Episode 128 of "The Dustin Gold Standard," Dustin brings Wide Awake Jim on for his seventh appearance. Catch up with Episodes 80, 88, 120, 121, 122, and 124. This time Jim fills in many of the missing pieces and connects many dots for us. The Economic Terrorists and Technocrats are hijacking the land and water, and using them to issue made-up carbon credits and force small and medium businesses to buy them. This just gets crazier and crazier. Donate to Dustin to help him continue to bring you this level of daily content and keep food on his family's table: https://donorbox.org/dustingoldshow Join the discussion and get the ad-free video version of ”The Dustin Gold Standard,” “The Thomas Paine Podcast,” and access to a Facebook-like website and mobile application where you can network and share intelligence with a group of like-minded folks (Join the Hotwire for Mike's highest level of intelligence): Paine.TV/gold Looking to register your vehicle, but your state is like mine and works hard to stop you from registering an older vehicle? Looking to save money on vehicle property taxes? Don't feel like dealing with the DMV? Contact my friends at DirtLegal where I registered my vehicle: https://www.dirtlegal.com?aff=35  Follow Dustin on Twitter: Twitter.com/dustingoldshow and Twitter.com/hackableanimal Get involved with the Telegram discussion: https://t.me/dustingoldshow Join in on live audio conversations: https://wisdom.app/dustingoldshow Ask a question and get a 60-second answer from me: https://wisdom.app/dustingoldshow/ask Learn more about your ad choices. Visit megaphone.fm/adchoices

In Episode 128 of "The Dustin Gold Standard," Dustin brings Wide Awake Jim on for his seventh appearance. Catch up with Episodes 80, 88, 120, 121, 122, and 124. This time Jim fills in many of the missing pieces and connects many dots for us. The Economic Terrorists and Technocrats are hijacking the land and water, and using them to issue made-up carbon credits and force small and medium businesses to buy them. This just gets crazier and crazier. Donate to Dustin to help him continue to bring you this level of daily content and keep food on his family's table: https://donorbox.org/dustingoldshow Join the discussion and get the ad-free video version of ”The Dustin Gold Standard,” “The Thomas Paine Podcast,” and access to a Facebook-like website and mobile application where you can network and share intelligence with a group of like-minded folks (Join the Hotwire for Mike's highest level of intelligence): Paine.TV/gold Looking to register your vehicle, but your state is like mine and works hard to stop you from registering an older vehicle? Looking to save money on vehicle property taxes? Don't feel like dealing with the DMV? Contact my friends at DirtLegal where I registered my vehicle: https://www.dirtlegal.com?aff=35  Follow Dustin on Twitter: Twitter.com/dustingoldshow and Twitter.com/hackableanimal Get involved with the Telegram discussion: https://t.me/dustingoldshow Join in on live audio conversations: https://wisdom.app/dustingoldshow Ask a question and get a 60-second answer from me: https://wisdom.app/dustingoldshow/ask Learn more about your ad choices. Visit megaphone.fm/adchoices

In Episode 128 of "The Dustin Gold Standard," Dustin brings Wide Awake Jim on for his seventh appearance. Catch up with Episodes 80, 88, 120, 121, 122, and 124. This time Jim fills in many of the missing pieces and connects many dots for us. The Economic Terrorists and Technocrats are hijacking the land and water, and using them to issue made-up carbon credits and force small and medium businesses to buy them. This just gets crazier and crazier. Donate to Dustin to help him continue to bring you this level of daily content and keep food on his family's table: https://donorbox.org/dustingoldshow Join the discussion and get the ad-free video version of ”The Dustin Gold Standard,” “The Thomas Paine Podcast,” and access to a Facebook-like website and mobile application where you can network and share intelligence with a group of like-minded folks (Join the Hotwire for Mike's highest level of intelligence): Paine.TV/gold Looking to register your vehicle, but your state is like mine and works hard to stop you from registering an older vehicle? Looking to save money on vehicle property taxes? Don't feel like dealing with the DMV? Contact my friends at DirtLegal where I registered my vehicle: https://www.dirtlegal.com?aff=35  Follow Dustin on Twitter: Twitter.com/dustingoldshow and Twitter.com/hackableanimal Get involved with the Telegram discussion: https://t.me/dustingoldshow Join in on live audio conversations: https://wisdom.app/dustingoldshow Ask a question and get a 60-second answer from me: https://wisdom.app/dustingoldshow/ask Learn more about your ad choices. Visit megaphone.fm/adchoices

In Episode 128 of "The Dustin Gold Standard," Dustin brings Wide Awake Jim on for his seventh appearance. Catch up with Episodes 80, 88, 120, 121, 122, and 124. This time Jim fills in many of the missing pieces and connects many dots for us. The Economic Terrorists and Technocrats are hijacking the land and water, and using them to issue made-up carbon credits and force small and medium businesses to buy them. This just gets crazier and crazier. Donate to Dustin to help him continue to bring you this level of daily content and keep food on his family's table: https://donorbox.org/dustingoldshow Join the discussion and get the ad-free video version of ”The Dustin Gold Standard,” “The Thomas Paine Podcast,” and access to a Facebook-like website and mobile application where you can network and share intelligence with a group of like-minded folks (Join the Hotwire for Mike's highest level of intelligence): Paine.TV/gold Looking to register your vehicle, but your state is like mine and works hard to stop you from registering an older vehicle? Looking to save money on vehicle property taxes? Don't feel like dealing with the DMV? Contact my friends at DirtLegal where I registered my vehicle: https://www.dirtlegal.com?aff=35  Follow Dustin on Twitter: Twitter.com/dustingoldshow and Twitter.com/hackableanimal Get involved with the Telegram discussion: https://t.me/dustingoldshow Join in on live audio conversations: https://wisdom.app/dustingoldshow Ask a question and get a 60-second answer from me: https://wisdom.app/dustingoldshow/ask Learn more about your ad choices. Visit megaphone.fm/adchoices

In Episode 128 of "The Dustin Gold Standard," Dustin brings Wide Awake Jim on for his seventh appearance. Catch up with Episodes 80, 88, 120, 121, 122, and 124. This time Jim fills in many of the missing pieces and connects many dots for us. The Economic Terrorists and Technocrats are hijacking the land and water, and using them to issue made-up carbon credits and force small and medium businesses to buy them. This just gets crazier and crazier. Donate to Dustin to help him continue to bring you this level of daily content and keep food on his family's table: https://donorbox.org/dustingoldshow Join the discussion and get the ad-free video version of ”The Dustin Gold Standard,” “The Thomas Paine Podcast,” and access to a Facebook-like website and mobile application where you can network and share intelligence with a group of like-minded folks (Join the Hotwire for Mike's highest level of intelligence): Paine.TV/gold Looking to register your vehicle, but your state is like mine and works hard to stop you from registering an older vehicle? Looking to save money on vehicle property taxes? Don't feel like dealing with the DMV? Contact my friends at DirtLegal where I registered my vehicle: https://www.dirtlegal.com?aff=35  Follow Dustin on Twitter: Twitter.com/dustingoldshow and Twitter.com/hackableanimal Get involved with the Telegram discussion: https://t.me/dustingoldshow Join in on live audio conversations: https://wisdom.app/dustingoldshow Ask a question and get a 60-second answer from me: https://wisdom.app/dustingoldshow/ask Learn more about your ad choices. Visit megaphone.fm/adchoices

Finance Ministers, Central Bank Governors and leaders of the World Bank and International Monetary Fund (IMF) are heading to Washington for the Annual Meetings, to discuss how to respond to the grim forecast captured in the latest outlook for the global economy. The IMF and the World Bank emerged from a pact between world leaders in the aftermath of another international catastrophe – World War II. Many other multilateral development banks have been created since then. Our research has shown that these banks are providing valued assistance to low- and middle-income countries around the world. They are also a critical tool for meeting our climate finance commitments. But the effectiveness and the relevance of this system has long been challenged by member states. The Annual Meetings come just after the UN General Assembly, where this year the calls to reform the so-called Bretton Woods institutions were louder than ever before. There are no simple solutions and the stakes are high. How should economies protect themselves from the continuing impacts of the pandemic and the global supply chain crisis, while they fight the longer-term battle against climate change? Are the tools we have at our disposal fit for purpose, and if not – what should be done? Speakers: Sara Pantuliano (host), Chief Executive, ODI José Antonio Ocampo, Minister of Finance, Colombia Rania Al-Mashat, Minister of International Cooperation, Egypt Alexia Latortue, Assistant Secretary for International Trade and Development, US Treasury Annalisa Prizzon, Senior Research Fellow, ODI

Shaun Robison of BBD Education joined us to talk education economics including enrollment and fee increases. Plus, shares of Emaar Properties have jumped 4% after allowing more foreign investors - we get the details from Sameer Lakhani of Global Capital Partners. And, Central Bank Governors are gathered at Jackson Hole for the first time in 3 years and we speak to economist Ed Bell about what we can expect from this meeting.   See omnystudio.com/listener for privacy information.

As detailed in the just-released minutes of the January meeting of the Federal Open Market Committee, U.S. central bankers are going to tighten faster than they did during their last rate-hiking cycle. And they've accelerated plans to shrink the Federal Reserve's balance sheet. Still, Jerome Powell and company will be challenged to rein in inflation while keeping both investors and consumers happy. Meanwhile, Darius Dale sees in the January Producer Price Index data some light at the end of the tunnel, as the numbers suggest global supply-chain and inflation pressures may be abating. Dale, founder and CEO of 42 Macro, joins Real Vision's Ash Bennington to talk about the big picture, including the question of whether the January stock selloff was merely prologue to a more serious crash later in 2022. Weston Nakamura joins to preview the G20 Finance Ministers and Central Bank Governors' Meeting, which kicks off tomorrow in Jakarta, Indonesia. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3uRAu63. Learn more about your ad choices. Visit megaphone.fm/adchoices

The coronavirus pandemic is having a profound impact on lives and economies around the world. In this podcast, we hear IMF Managing Director Kristalina Georgieva's statement following her call with G20 Finance Ministers and Central Bank Governors, where they discussed the extraordinary circumstances of the health crisis and the extraordinary measures it will take to mitigate its economic impact. Read the TRANSCRIPT

The RundownThe 18 Millionth BitcoinThe countdown begins to the 18 millionth Bitcoin (BTC) that was expected to be mined early Friday morning.The most popular cryptocurrency currently has 18,000,137.5 Bitcoin in existence. At a rate of 1,800 BTC mined daily.After this, there are just three million left to be mined from a total of 21 million Bitcoin. Notably, it is said that about 14 to 19 percent of BTC is gone or lost forever. There are also stolen coins, and some hundred thousand stashed away by Satoshi Nakamoto, the pseudonymous person believed to have created Bitcoin.Bitcoin HalvingIn May 2020, the scheduled "Bitcoin halving" will take place wherein the reward for Bitcoin miners for solving a block that connects transactions will be down to 6.25 from 12.5 Bitcoins.  Then, there will be about 376,562.5 left to mine when the next halving occurs, which is due every four years. The code in BTC is designed in such a way that limits the production of the cryptocurrency homologizing it to gold, which opposes how the fiat money is easily printed.5 Good MinutesFATF Joins BIS in Calling Stablecoins “Global Risk”Stablecoins pose a money laundering and terrorist financing risk to the world, the Financial Action Task Force (FATF) said Friday.In documents released after its latest meeting, the intergovernmental organization referred to cryptocurrencies as a “major strategic initiative,” and said cryptos whose values are pegged to fiat currencies could have a particularly big impact.Some 800 representatives from 205 jurisdictions met from Oct. 16 to Oct. 18 to discuss various issues under the jurisdiction of FATF, led this year by Xiangmin Liu of China, according to the publication. Crypto-related concerns were front and center.While the document addressed cryptocurrencies broadly, it singled out stablecoins on multiple occasions, writing:“Emerging assets such as so-called global ‘stablecoins', and their proposed global networks and platforms, could potentially cause a shift in the virtual asset ecosystem and have implications for the money laundering and terrorist financing risks. There are two concerns: mass-market adoption of virtual assets and person-to-person transfers, without the need for a regulated intermediary. Together these changes could have serious consequences for our ability to detect and prevent money laundering and terrorist financing.”A second document, titled “Money laundering risks from ‘stablecoins' and other emerging assets,” said the FATF will continue to examine the characteristics and perceived risks of stablecoins and may even clarify or update its virtual currency guidance to better address this class of cryptocurrency.“The FATF will continue to ensure its standards remain relevant and responsive and it will report to G20 Finance Ministers and Central Bank Governors in 2020 on the risks from global ‘stablecoins' and other emerging assets,” the second document read.The FATF's warning followed a report from the Group of Seven (G7) advanced economies and the and Bank of International Settlements (BIS) calling stablecoins a growing threat to monetary policy, financial stability and competition.The Hard TruthCircle to Spin Out PoloniexCrypto exchange Poloniex is spinning out from its parent firm Circle, the companies announced Friday.According to a pair of blog posts, Poloniex will now become Polo Digital Assets, Ltd., an “independent international company” backed by an unnamed Asian investment firm. The trading platform will not serve U.S. customers after this year.In Friday's blog post, Circle co-founders Jeremy Allaire and Sean Neville wrote:“It is bittersweet for Circle to see this incredible product and business spin out on its own … We've made enormous progress with Poloniex, including massive infrastructure improvements, adding more fiat options with USDC integration, launching best in class native apps for traders, and building global operations capabilities that can deliver excellent customer service.”

On the first-ever Friday the 13th episode of the Macrocast, Tony, John, and Brendan discuss Mario Draghi's recent quantitative easing move and his legacy at the ECB, equity rotation, oil markets, and a look ahead at next week's FOMC meeting. Plus, Tony talks Hamilton Place Strategies' upcoming 10 year anniversary celebration and how the company came to be.

Temporary and proposed DRD regulations reflect GILTI-centric view of TCJA’s international tax rules – US government issues final and proposed GILTI and subpart F regulations – IRS issues proposed regulations under Sections 954 and 958; consequences for subpart F and GILTI regimes – IRS issues proposed regulations on FIRPTA tax exception for foreign pension funds’ interests in US real property – DC Circuit affirms Grecian Magnesite Mining – Ninth Circuit again reverses Tax Court in Altera cost sharing case – US Senate Foreign Relations Committee reports out tax protocols to treaties with Japan, Luxembourg, Spain and Switzerland – OECD digital workplan envisions global agreement on new rules for multinational taxation – G20 Finance Ministers and Central Bank Governors welcome progress on addressing tax challenges from digitalization

A review of the week's major US international tax-related news. In this edition: US House tax leader releases Tax Reform 2.0 framework – OMB completes review of Proposed Section 965 transition regulations – OECD Secretary-General Report to G20 Finance Ministers and Central Bank Governors on BEPS, tax transparency released

Senator Warner's keynote begins at 1:22:20. When G20 Finance Ministers and Central Bank Governors met last month in Argentina, they highlighted the “immense economic opportunities” provided by transformative technologies. They also acknowledged, however, the attendant challenges, including changes to labor markets, the importance of adequate skills training, and the risk of increased inequality. Technological change, like globalization, will transform the future of work and education, underscoring the need to prepare labor markets and labor forces for future disruptions. While the benefits from trade and technology are tangible, so are the disruptions they produce. These changes are “equal opportunity” in the sense that workers across all sectors and skill levels will be affected, requiring policymakers to develop appropriate responses. Please join the CSIS Simon Chair in Political Economy and the Project for Prosperity and Development on the morning of Friday, April 20 for an expert panel discussion exploring opportunities and challenges facing public and private sector participants as they consider the future economy, followed by keynote remarks by Senator Mark Warner (D-VA). This event is made possible by support from the Royal Embassy of Denmark. Welcome and Introduction 9:00am   AGENDA 9:05am  Panel Discussion Kristian Jensen Minister for Finance of Denmark   Bruce Reed Co-Chair, Future of Work Initiative, Aspen Institute   Susan Lund Partner, McKinsey & Company and McKinsey Global Institute E. Wayne Holden President and Chief Executive Officer, RTI International   Moderated by: Stephanie Segal Senior Fellow and Deputy Director, Simon Chair in Political Economy, CSIS 10:30am Keynote Speech  Senator Mark Warner (D-VA) Introduced by: John Hamre President and CEO, CSIS  

Trump Administration, Congressional Republicans look for unified tax reform proposal – Trump Administration’s FY2018 Budget offers few specifics on tax reform -- Trump Administration issues NAFTA renegotiation notice letters -- Changes made to IRS reporting under Sections 332, 351, 368 and 6038B by final regulations issued in 2016 affect filings for 2016 -- Treasury negotiating competent authority agreements to exchange CbC reports – US tax treaty negotiation update -- G7 Finance Ministers and Central Bank Governors communiqué references global tax system -- OECD releases implementation guidance on hard-to-value intangibles -- OECD releases peer review document on BEPS Action 6, Preventing the Granting of Treaty Benefits in Inappropriate Circumstances.

Mr. Haruhiko Kuroda was appointed the 31st Governor of the Bank of Japan on March 20, 2013. He started his career at the Ministry of Finance in Japan in 1967. In the early years, he was seconded to the International Monetary Fund as Advisor to the Executive Director. His responsibilities at the Ministry encompassed fields such as international finance and national and international tax as well as services in the finance minister's office including as secretary to the then Finance Minister Murayama. He represented the Ministry at a number of international monetary conferences as Vice Minister of Finance for International Affairs, including meetings of the Group of Seven Finance Ministers and Central Bank Governors, International Monetary Fund/World Bank Joint Annual Meetings, and bilateral meetings between Japan and other countries/regions. From 2003, he served as Special Advisor to the Cabinet of Prime Minister Koizumi, while teaching economics and finance as Professor at the Graduate School of Economics of Hitotsubashi University. His previous position was President of the Asian Development Bank. He took office in February 2005, and in the eight years of his tenure he contributed to the reforms of the institution by formulating a long-term strategy and strengthening its financial resources. Born in October 1944, he holds a Bachelor of Arts in Law from The University of Tokyo (1967), and a Master of Philosophy in Economics from University of Oxford (1971).