Listing 1 - 10 of 22 | << page >> |
Sort by
|
Choose an application
The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 100 jurisdictions which participate in the work of the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes. These standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention. The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. “Fishing expeditions” are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard. All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed. This process is undertaken in two phases. Phase 1 reviews assess the quality of a jurisdiction’s legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework. Some Global Forum members are undergoing combined – Phase 1 plus Phase 2 – reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes. All review reports are published once approved by the Global Forum and they thus represent agreed Global Forum reports.
Choose an application
The Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau, which make up the Freely Associated States — as well as the broader region of Oceania — have been the subject of increasing Chinese influence and expressions of both hard and soft power. The authors of this report examine the implications of these activities for the United States, particularly in terms of its defense and foreign policy interests. They also look at the actions of other regional and international powers in the Freely Associated States, and examine how those actions complement U.S. leadership.
Oceania --- Marshall Islands --- Micronesia (Federated States) --- Palau --- Océanie --- China. --- Marshall Islands. --- Oceania. --- Palau. --- Foreign relations --- Relations extérieures
Choose an application
This Selected Issues paper discusses correspondent banking relationships (CBRs) pressures on the Republic of the Marshall Island (RMI). RMI’s two banks currently have access to the US financial system. The Bank of the Marshall Islands is a domestic financial institution providing banking services to a substantial portion of the population and operates five branches throughout RMI, including on the Kwajalein Atoll. RMI, through the Trust Company of the Marshall Islands, provides offshore corporate and maritime registry services. Weak implementation of the anti-money laundering and combating the financing of terrorism (AML/CFT) framework by the authorities contributes to CBR pressures in RMI. The termination of BOMI’s CBR with First Hawaiian Bank would be expected to have significant negative economic repercussions without alternative arrangements. The RMI authorities are strengthening the effectiveness of the AML/CFT framework. Additional steps should be taken to further lower the risk of losing the last US dollar CBR. Once the national risk assessment is completed, an action plan should be developed to address the identified risks.
Marshall Islands--Economic policy. --- Banks and Banking --- Money and Monetary Policy --- Industries: Financial Services --- Criminology --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Illegal Behavior and the Enforcement of Law --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- International Lending and Debt Problems --- Distributed ledgers --- Banking --- Corporate crime --- white-collar crime --- Monetary economics --- Virtual currencies --- Anti-money laundering and combating the financing of terrorism (AML/CFT) --- Currencies --- Correspondent banking --- Technology --- Crime --- Money --- Financial services --- Blockchain and DLT --- Financial services industry --- Technological innovations --- Money laundering --- Banks and banking --- Correspondent banks --- Blockchains --- Databases --- Marshall Islands, Republic of the --- Marshall Islands --- Economic policy.
Choose an application
This 2009 Article IV Consultation highlights that the economy of the Marshall Islands is on a path to recovery. A gradual expansion with growth reaching 0.5 percent in 2010 is supported by further growth in the fish processing industry and additional foreign grant assistance. Rising prices could stoke inflation and stifle domestic demand. Executive Directors have encouraged the authorities to continue to strengthen the statistical base, especially the coverage and timeliness of fiscal and balance of payments data, in order to improve policy analysis and decision-making.
Banks and Banking --- Budgeting --- Exports and Imports --- Macroeconomics --- Public Finance --- Aggregate Factor Income Distribution --- Debt --- Debt Management --- Sovereign Debt --- National Budget --- Budget Systems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Taxation, Subsidies, and Revenue: General --- General Aggregative Models: General --- Fiscal Policy --- Public finance & taxation --- Budgeting & financial management --- Banking --- International economics --- Financial services law & regulation --- Income --- Public debt --- Extra-budgetary funds --- Revenue administration --- National accounts --- Public financial management (PFM) --- Debts, Public --- Budget --- Banks and banking --- Revenue --- National income --- Fiscal policy --- Marshall Islands, Republic of the --- Global Financial Crisis, 2008-2009. --- Financial crises --- Foreign exchange rates --- Monetary policy --- International Monetary Fund --- Marshall Islands --- Economic policy. --- Economic conditions.
Choose an application
This report contains the 2014 “Phase 2: Implementation of the Standards in Practice” Global Forum review of Marshall Islands. The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 130 jurisdictions which participate in the work of the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes. These standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention. The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. “Fishing expeditions” are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard. All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed. This process is undertaken in two phases. Phase 1 reviews assess the quality of a jurisdiction’s legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework. Some Global Forum members are undergoing combined – Phase 1 plus Phase 2 – reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes.
Taxation --- Transparency in government --- Law and legislation --- Duties --- Fee system (Taxation) --- Tax policy --- Tax reform --- Taxation, Incidence of --- Taxes --- Finance, Public --- Revenue --- Government in the sunshine --- Open government (Transparency in government) --- Openness in government --- Sunshine, Government in the --- Transparence in government --- Public administration --- Marshall Islands
Choose an application
This paper reviews economic developments in the Marshall Islands during 1996–98. Real GDP declined by 15.2 percent and 5.3 percent in FY1996 and FY1997, respectively, reflecting mainly the effects of the adjustment measures implemented by the government since 1996 under the Policy Reform Program aimed at correcting the large imbalances in the public finance and external sector. Agriculture and fishing activities declined in FY1996 but recovered partially the following year. Construction fell sharply in FY1996 and stagnated in FY1997 with no new major projects following the completion of a 150-room hotel and the dry dock.
Exports and Imports --- Macroeconomics --- Agribusiness --- Industries: Financial Services --- Trade: General --- Agricultural Markets and Marketing --- Cooperatives --- Nonprofit Organizations and Public Enterprise: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- International economics --- Agriculture, agribusiness & food production industries --- Public ownership --- nationalization --- Finance --- Agroindustries --- Public enterprises --- Loans --- Imports --- Exports --- Economic sectors --- Financial institutions --- International trade --- Agricultural industries --- Government business enterprises --- Marshall Islands, Republic of the
Choose an application
This Selected Issues paper outlines economic developments in the Republic of the Marshall Islands (RMI) since independence in 1986, focusing on the challenges posed by dependence on foreign grants, and progress toward achieving budgetary self-reliance. Like most other Pacific islands, the RMI faces a variety of geographical constraints, including limited land area, poor soil, the dispersion of the islands, and the remoteness from major markets. The public sector plays a dominant role in the economy, backed by external assistance. The private economy remains underdeveloped, primarily providing services to the government.
Budgeting --- Labor --- Macroeconomics --- Public Finance --- National Budget --- Budget Systems --- Taxation, Subsidies, and Revenue: General --- National Government Expenditures and Related Policies: General --- Wages, Compensation, and Labor Costs: General --- Aggregate Factor Income Distribution --- Budgeting & financial management --- Public finance & taxation --- Labour --- income economics --- Extra-budgetary funds --- Revenue administration --- Expenditure --- Wages --- Income --- Public financial management (PFM) --- National accounts --- Budget --- Revenue --- Expenditures, Public --- Marshall Islands, Republic of the
Choose an application
The economy of the Republic of the Marshall Islands has experienced a strong recovery with a 5.2 percent growth in 2010 following strong improvement in the fisheries sector and a moderate recovery in exports. The financial sector remained focused on consumer lending and contributed little to overall economic growth. Although the financial sector remained profitable, much of the rapid growth in credit has been in consumer loans. The authorities are monitoring high levels of household debt and intend to begin work on strengthening the regulatory framework.
Budgeting --- Exports and Imports --- Macroeconomics --- Public Finance --- National Budget --- Budget Systems --- Fiscal Policy --- National Government Expenditures and Related Policies: General --- International Lending and Debt Problems --- Aggregate Factor Income Distribution --- Budgeting & financial management --- Public finance & taxation --- International economics --- Expenditure --- External debt --- Public financial management (PFM) --- Fiscal policy --- National accounts --- Budget --- Expenditures, Public --- Debts, External --- Income --- Marshall Islands, Republic of the
Choose an application
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Banks and Banking --- Exports and Imports --- Infrastructure --- Macroeconomics --- Agribusiness --- Nonprofit Organizations and Public Enterprise: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Industry Studies: Transportation and Utilities: General --- International Lending and Debt Problems --- Agricultural Markets and Marketing --- Cooperatives --- Public ownership --- nationalization --- Banking --- International economics --- Agriculture, agribusiness & food production industries --- Public enterprises --- Bank deposits --- Transportation --- Amortization --- Agroindustries --- Economic sectors --- National accounts --- External debt --- Financial services --- Government business enterprises --- Banks and banking --- Saving and investment --- Debt service --- Agricultural industries --- Marshall Islands, Republic of the
Choose an application
The Republic of the Marshall Islands (RMI), scattered across an area of nearly 1 million square miles in the Central Pacific, is heavily dependent on external grants. As in past consultations, the current discussions have focused on policies to put public finances on a secure footing and improve growth prospects. Recent economic performance has been lackluster. Exports have been held back mainly by structural problems. The fiscal position has improved in FY2006, but the overall balance has been slightly negative at about ½ percent of GDP.
Banks and Banking --- Budgeting --- Exports and Imports --- Macroeconomics --- Industries: Financial Services --- National Budget --- Budget Systems --- Institutions and the Macroeconomy --- Fiscal Policy --- International Lending and Debt Problems --- Current Account Adjustment --- Short-term Capital Movements --- Budgeting & financial management --- International economics --- Banking --- Financial services law & regulation --- Finance --- Extra-budgetary funds --- Structural reforms --- Fiscal consolidation --- External debt --- Current account --- Public financial management (PFM) --- Macrostructural analysis --- Fiscal policy --- Balance of payments --- Budget --- Debts, External --- Marshall Islands, Republic of the
Listing 1 - 10 of 22 | << page >> |
Sort by
|