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Jurisdictions in sentence

168 examples of Jurisdictions in a sentence

For starters, tax competition among jurisdictions is quite different from competition among firms in the market.
Perhaps most revealingly, though, Rajan nonetheless optimistically argued that “[d]eregulation has removed artificial barriers preventing entry of new firms, and has encouraged competition between products, institutions, markets, and jurisdictions.”
In other words, he clearly believed that regulation created “artificial barriers,” and that “competition between jurisdictions” – that is, between regulators – was to be welcomed.
The current US system is based on a worldwide principle: the foreign earnings of US companies are subject to US corporate tax, with the amount owed offset by a tax credit for taxes paid in foreign jurisdictions.
A territorial tax system does have one potential disadvantage: it could strengthen US MNCs’ existing incentives to shift their profits to lower-tax jurisdictions.
There are already dangerous signs that global firms are moving activities into more congenial jurisdictions in order to avoid tighter regulation in the major financial centers.
But it has long been a flashpoint in battles over expansion of pharmaceutical companies’ global IP rights, owing to its dynamic generics industry and its willingness to challenge patent provisions both domestically and in foreign jurisdictions.
Creditors and banks often preferred to do business with known borrowers, and where local jurisdictions could settle any disputes.
Chrome is a breakthrough because it offers a completely novel approach to a dilemma created by the legal and regulatory regime of competition policy in the world’s two major legal jurisdictions, the United States and the European Union.
Similarly, improved tax collection will not prevent multinational companies from using their complex global shareholding structures to transfer profits to lower-tax jurisdictions.
Such investment involves a variety of products, market players, and jurisdictions, and, as a result, the effect of regulations can be difficult to see, much less quantify.
Sovereign-debt restructurings are even more complicated than domestic bankruptcy, plagued as they are by problems of multiple jurisdictions, implicit as well as explicit claimants, and ill-defined assets upon which claimants can draw.
Even if a prosecutor were inclined to do so, the ICC’s jurisdiction is complementary to national jurisdictions: it can investigate only if a national government is unable or unwilling to do so.
Regardless of whether the Sarbanes-Oxley Act and other initiatives prevent new types of financial excess, they will almost certainly strengthen shareholder protection and set higher standards for other jurisdictions.
In some European jurisdictions, regulators supervise and sanction internal and external auditors, and disclosure of price-sensitive information is mandated as a general principle rather than as a response to specific events.
The Seventh Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes took place in Berlin this week, bringing together representatives from 122 countries and jurisdictions, as well as the EU.
Assuming that it does, as policymakers there intend, Yellen’s assurance of a “much stronger” banking system in the US will apply to all of the other systemically important banking jurisdictions in the developed world, too.
Foreign Minister Steinmeier and I are suggesting that the G-20 take concrete steps toward implementing an FTT of 0.05% on all trades of financial products within their jurisdictions, regardless of whether these trades occur on an exchange.
Hedge funds, mutual funds, asset-management companies, pension funds, and sovereign wealth funds operate from all across the globe, in legitimate jurisdictions and in what W. Somerset Maugham once described as “sunny places for shady people.”
But this would only reduce revenue and further encourage American companies to shift production to low-tax jurisdictions.
Unmanaged globalization encourages capital and high-income earners to flock to low-tax jurisdictions, depriving governments of the revenues needed to maintain social-security systems.
According to the European Commission, “non-cooperative” and “non-transparent” jurisdictions – also known as tax havens – cost the European Union’s member states more than $1 trillion in revenue every year.
Controlling and decreasing the risks that these jurisdictions pose can happen only at the global level.
Moreover, the G-20 has launched efforts to encourage all jurisdictions to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, developed jointly by the Council of Europe and the OECD.
Too many of the world’s financial centers enable the predators, who rely on offshore corporate vehicles to mask their identities, to loop their finances through exotic jurisdictions, while using prestigious law firms, accountants, financial advisers, and public-relations firms to give their destructive behavior a veneer of respectability.
Given the risks, the widespread proliferation of drones will demand strict regulation of ownership and usage to ensure that terrorist groups or other hostile actors do not obtain this technology – just as guns are regulated in most jurisdictions and stringent checks are placed on nuclear and chemical weapons.
That means signing digital free-trade agreements and creating a true European digital single market out of today’s fragmented 28 national jurisdictions.
As with any merger, consolidating weak, underperforming banks would enable them to strengthen their balance sheets and restructure non-performing loans – estimated to be worth some €1 trillion ($1.1 trillion), roughly three times higher than other global jurisdictions – thereby benefiting the wider economy.
When a transaction is all “in-house,” it essentially just involves accounting sleight of hand to book profits in low tax jurisdictions.
The information revolution has also helped terrorists, providing inexpensive means of communication and organization that allow groups once restricted to local and national police jurisdictions to become global.
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