Podcasts about g20 finance ministers

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President Cyril Ramaphosa says debt sustainability for developing economies is one of the priorities that South Africa will focus on, during the Finance Track Meetings of the G20, currently underway in Cape Town. The G20 Finance Ministers and Central Bank Governors Meeting is hosted by Minister of Finance Enoch Godongwana and Governor of the South African Reserve Bank Lesetja Kganyago under South Africa's G20 Presidency theme of Solidarity, Equality and Sustainability. Ramaphosa says debt service costs are increasingly crowding out spending on education, healthcare and other social services, as well as infrastructure needed for economic development...

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.

U.S Treasury Secretary Janet Yellen speaks with Bloomberg's Annmarie Hordern from the G20 Finance Ministers and Central Bank Governors Meetings in India. See omnystudio.com/listener for privacy information.

US Treasury Secretary Janet Yellen has called on rich countries to speed up debt relief to developing nations ahead of the G20 finance ministers' meeting in India this week. Her call comes as a new report by the United Nations Development Programme (UNDP) shows that the number of countries that spend more than 20 percent of their revenue on debt repayments is at its highest level in over two decades, reducing their ability to invest in social programmes. In today's show, we speak to the head of the UNDP, Achim Steiner.

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.

A strong role for private financing through deep and liquid capital markets will be essential for meeting the EU's economic and social policy objectives. In his address to the IIEA, John Berrigan, Director-General for Financial Stability, Financial Services and Capital Markets Union at the European Commission, outlines the importance of moving ahead on the Capital Markets Union (CMU) and assesses the state of play of the implementation of the CMU Action Plan. Mr Berrigan also discusses associated opportunities and challenges during the remainder of the von der Leyen Commission's term. About the Speaker: John Berrigan is the Director-General in DG FISMA (Directorate-General for Financial Stability, Financial Services and Capital Markets Union) of the European Commission. DG FISMA is responsible for EU-level policy making and legislative initiatives with respect to the financial sector, including Banking Union, Capital Markets Union, sustainable finance, digital finance, anti-money laundering, and sanctions. In this context, John represents the European Commission on the Economic and Financial Committee and the Financial Services Committee, which each report to EU Finance Ministers. John also represents the Commission on the Financial Stability Board, which reports to G20 Finance Ministers. He attends the European Systemic Risk Board and is a permanent observer on the Single Resolution Board.

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

A monthly review of US international tax-related developments. In this edition: Proposed US FTC regs release expected soon, PTEP regs in first half of 2023 – US Treasury official says proposed crypto regs before year end – IRS may be more selective on APAs given availability of ICAP in transfer pricing disputes – IRS to reconsider APA revenue procedure guidance – Treasury developing measures for future treaties to address new tax regimes, new US-Croatia treaty before year end – G20 Finance Ministers welcome progress on BEPS 2.0, call for swift implementation – OECD releases public consultation document on administration and tax certainty aspects of Amount A of Pillar One – OECD releases report on interaction of Tax Incentives and Pillar Two – OECD/G20 Inclusive Framework holds 14th plenary meeting, publishes 6th annual progress report.

European bourses saw a choppy start to the session, but have since titled to the upside; US equity futures trade on a firmer footing with the ES back above 3600GBP was volatile but currently stands as the outperformer, DXY is softer but off worst levels, USD/JPY to a fresh 2022 and multi-year bestBoE said the bank has made it clear from the outset that its temporary and targeted purchases of gilts will end on October 14thPolish pipeline operator said it detected a leak in the Druzhba pipeline; Polish top official said there are no grounds to believe it was sabotageLooking ahead, US PPI Final Demand, FOMC Minutes, G20 Finance Ministers' meeting, Astana Summit, Speeches from BoE's Pill & Mann, ECB's Lagarde, Fed's Kashkari, Barr & Bowman Supply from USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

monthly review of US international tax-related developments. In this edition: US Senate Majority Leader, Sen. Manchin reach agreement on $740b budget reconciliation bill with 15% corporate minimum tax – Congress passes CHIPS bill with investment tax credits and incentives – Treasury and IRS publish technical corrections to final foreign tax credit regulations – IRS proposed regulations would limit Section 1256 mark-to-market accounting for FX contracts to FX forward contracts – Treasury announces termination of tax treaty with Hungary – OECD releases Progress Report on Amount A of Pillar One of BEPS 2.0 project – G20 Finance Ministers reiterate commitment to BEPS 2.0 two-pillar implementation.

The G20 meeting has opened in Indonesia on the island of Bali where delegates from the twenty largest economies in the world are getting ready to face the challenges of various crises - financial, energy, and geopolitical. - Pertemuan G20 telah dibuka di Indonesia di pulau Bali dimana delegasi dari dua puluh negara ekonomi terbesar di dunia bersiap-siap untuk menghadapi tantangan berbagai krisis - keuangan, energi, dan geopolitik.

The G20 is expected to try to ease the burden on the weakest countries, despite wide differences in the reasons behind the crises and plans to solve them.

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

G20 finance ministers have endorsed a plan to roll out a global minimum corporate income tax rate of 15 percent within the next two years. More than 130 countries have already signed on to the agreement, which is aimed at making large multinational corporations pay more. Mobin Nasir reports. We had a chat to Director of Applied Economics at George Washington University, Joann Weiner joined the show. She says the agreement over a global minimum tax for corporations is a historic step, but that a central authority would be needed to implement it. #G20 #CorporateIncomeTax #Multinationals

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: White House, Senate negotiators reach agreement on $1.2 trillion infrastructure package – OECD announces conceptual agreement in BEPS 2.0 project; endorsed by G20 Finance Ministers, Central Bank Governors – US, UK competent authorities sign agreements re treaty LOB provision – IRS memo addresses CSA and inclusion of stock-based compensation costs – US Treasury official provides international tax regulatory update.

Young Plastic Challenge winners announced, plus meet the YPC runners up, too. G20 Finance Ministers Under Pressure To Deliver Climate Funding For Poor, and meet climate artist and philosopher, Carter Brooks.

A review of the week's major US international tax-related news. In this edition: OECD and Inclusive Framework release series of documents on Pillar 1 and 2 of BEPS 2.0 Project, with new mid-2021 completion – G20 Finance Ministers approve progress and timeline – EU agrees to abide by new OECD Inclusive Framework timeline – UN releases new proposed model treaty article and commentary on taxing digital economy.

Optimism may help you live longer and lead better.What is optimism? At its simplest, optimism is an expectation that good things will happen and that things will work out in the end.Join the Optimists Group on LinkedIn with over 1000 people which is great way to surround yourself with optimists.Twitter: Follow @victorperton and @centre4optimismAbout Victor Perton:Victor Perton is "that optimism man". He is the Founder and Chief Optimism Officer of The Centre for Optimism and also the Founder of the Australian Leadership Project.He asks "What makes you optimistic?His life experience includes stints as Commissioner to the Americas, 18 years a parliamentarian, practice as a barrister, mediator, arbitrator, businessman and board service. Victor was a Senior Engagement Adviser to the Australian G20 presidency focused on the G20 Finance Ministers & Central Bank Governors Meetings & the Brisbane G20 Leaders Summit described by the Prime Minister as “the most important gathering Australia has ever hosted.Connect with Victor on Linkedin: https://www.linkedin.com/in/victorperton/For more information please visit our website:http://professionaldevelopmentforum.org/

Developing countries are under tremendous strain while attempting to respond to the coronavirus pandemic.  To try and free-up resources so that they can better protect lives and livelihoods, the World Bank Group and International Monetary Fund in April called on creditors to allow lower income countries to suspend their bilateral debt service payments and focus resources on responding to the pandemic. The plan – called the Debt Service Suspension Initiative (DSSI) – was taken up by G20 Finance Ministers. On this edition of the Development Podcast, we hear from the World Bank Group's Global Director for Macroeconomics, Trade and Investment, Marcello Estevão, who answers our questions on how the program works and just how effective it has been. And send us your questions and comments: TheDevelopmentPodcast@WorldBank.org

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.”

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

The gold price is on its longest winning streak in almost a year and a half, rising for the eighth consecutive trading session on Friday. The global backlash against Big Tech intensified over the weekend when G20 Finance Ministers said they have agreed to new rules to tax companies like Facebook and Google. On the sidelines of the G20 meeting in Japan, South Africa’s National Treasury director general Dondo Mogajane admitted that the country needs to inject even more than the already promised R69bn into Eskom. Rand hedge stocks Sasol, which rose 3.5% and Naspers, up 2.5%, were among the JSE’s best performers on Friday, benefitting from the recent weakening in the currency.

Pan Jingyi, Market Strategist, IG discusses how markets are setting up this week following protests in Hong Kong, the latest around global trade tensions and the G20 Finance Ministers meetings.

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

A review of the week's major US international tax-related news. In this edition: Congress begins lame-duck session; tax extenders under negotiation -- House may consider REIT/PFIC change -- IRS finalizes regulations on all-cash D reorganizations -- Treasury continues work on anti-inversion guidance -- Treasury considering limited FATCA relief for IGAs in substance -- BEPS communique expected following G20 Finance Ministers meeting -- UK, Germany release IP proposal -- OECD releases BEPS strategy for including developing countries.