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The International Chamber of Commerce (ICC) has published a new tax framework for the digitalised economy. As the world business organization, ICC has proposed a framework of internationally established tax principles for consideration by policymakers and legislators around the world. By establishing a consistent global tax system, both business and governments can benefit from increased clarity and predictability, which will help foster cross-border trade and investment. Digital tax proposals gain momentum Over the past decade, the global economy has continued to digitise, with communications, trade transactions, and data sharing, taking place between individuals every second of the day. This improved connectivity

The International Chamber of Commerce (ICC), The Association of Corporate Counsel (ACC), the Association of in-house competition lawyers (ICLA) and the United States Council for International Business (USCIB) has welcome the announced approval of the International Competition Network (ICN) Framework for Competition Agency Procedures (CAP), as an encouraging step towards a more sound and fair competition enforcement across the globe. ICC Secretary General John W.H. Denton AO said: “Robust procedural guarantees are an essential part of any antitrust enforcement regime.  For many years ICC has promoted strengthening of due process principles. The CAP initiative is a great step in the right

International Chamber of Commerce Secretary General John W.H. Denton today launched a new round of debates on the Global Dialogue on Trade platform, the only digitally enabled dialogue among leaders from government, academia, and business to discuss and debate the future of the international trade system. As with the first round of debates, these new themes will help guide participants toward the creation of a trusted model of open trade and free enterprise that will work for everyone, every day, everywhere. Launched today in Tokyo during an international symposium on global trade, hosted by the International Chamber of Commerce and the Japan

Paris, 09/04/2019 ICC has published a report with guidance for business and recommendations to policymakers worldwide, based upon the legal and technical implications of recent European Union (EU) and United States (US) legislation on the protection of trade secrets. ICC report at a glance The ICC report outlines the differences between the EU and US laws and provides guidance for businesses on how to identify information which can be protected as trade secret, assess risks and ensure adequate protection. The report also includes recommendations for policymakers worldwide on the establishment or reform of trade secret protection frameworks. What is a trade

London & Kuala Lumpur, 08/04/2019 The International Chamber of Commerce International Maritime Bureau’s (IMB) report for the first quarter of 2019 reveals fewer incidents of piracy and armed robbery against ships than the first three months of 2018. The IMB Piracy Reporting Centre, a 24-hour, free service offered by the IMB, enables shipmasters to report any incidents of piracy and armed robbery, globally against ships. Since 1991, the IMB Piracy Reporting Centre has provided the industry, government bodies and response agencies with timely data on the location of piracy and armed robbery incidents at sea. Global trends In the first quarter

Representatives from major global brands, maritime companies and US law enforcement agencies met in Washington DC today to determine how to work together to stop the maritime transportation of counterfeit goods. The parties met as part of the on-going collaboration of signatories to the ‘Declaration of Intent to stop the Maritime transport of counterfeits’ (DOI)—a joint effort between key members of the global shipping industry, brand owners and law enforcement to work together to prevent the transport of counterfeit goods on shipping vessels. “Our meeting with US law enforcement at the headquarters of the IPR Centre is hugely significant as it

Industry events are a great place for professionals to make connections and showcase the unique value of their offerings. To help maximise your impact during the upcoming World Chambers Congress, we’re bringing you four ways you can make the most out of our much-anticipated three-day event. Set to be held in Rio de Janeiro, Brazil from 12-14 June, the World Chambers Congress is co-organised by the International Chamber of Commerce’s (ICC) World Chambers Federation (WCF) and the Brazilian Confederation of Trade and Business Associations (CACB). With less than three months before the biennial forum, here are three ways the event will

Three business leaders exemplifying ‘businessworthy’ values and shaping society for the better have been named 2019 Oslo Business for Peace Award winners. This year’s laureates are Agbor Ashumanyi Ako, the Co-founder of GiftedMom; Alice Laugher, the CEO of Committed to Good (CTG); and Hamdi Ulukaya, the Founder and CEO of Chobani. Heading companies that have a broader view than just the bottom line, these individuals see business as a driver for change, taking action to improve the world around them. In recognising their achievements, the Oslo Business for Peace Award, commonly known as the “Nobel Prize of business”, honours exemplary leaders who

The International Chamber of Commerce (ICC) has joined fashion brands, retailers and other stakeholders in becoming a signatory of the Fashion Charter for Climate Action. Launched under the auspices of United Nations Climate Change by leading designer, Stella McCartney, in December 2018, the charter aligns with the goals of the Paris Agreement and aims to build climate action momentum by collectively addressing the climate impact of the fashion sector across its entire value chain. Recognising the need for a rapid, effective and transformative global response to climate change, ICC Secretary General John W.H. Denton AO said: “Taking action on climate is everyone’s business.

The International Chamber of Commerce (ICC), in collaboration with the European Club for Countertrade and Offset (ECCO), has released guidance to help firms navigate and negotiate international offset contracts – a growing phenomenon in global trade across a variety of strategic sectors. The ICC-ECCO Guide to International Offset Contracts provides practical guidance and legal context for firms engaging in the use of offset contracts within public procurement procedures around the world. The new tool provides an overview of the functional and legal technicalities of offsets, including their legal status within global agreements and international public law. Emily O’Connor, ICC Director of