ICC News

The International Chamber of Commerce [ICC] has published a policy paper on co-operative compliance and issued recommendations on Accredited Tax Payers (ATPs) to improve trust and create confidence in tax systems. ICC supports measures aimed at increasing tax certainty to create a more favourable environment for trade and investment.  As such, ICC is committed to fostering trust and efficient co-operation between governments and business to improve tax administrative efficiency and enhance certainty for investment. The benefits of Cooperative Compliance As part of this commitment, ICC has issued a policy paper on the benefits of co-operative compliance, a concept that builds on

The International Chamber of Commerce (ICC) is warning users of Incoterms® rules to be aware of fake information and training sessions on Incoterms® 2020, offered by groups not affiliated with ICC. ICC has been responsible for the creation and maintenance of the Incoterms® rules since their release over 80 years ago and is preparing to launch Incoterms® 2020 later this year. But information or training sessions claiming to explain Incoterms® 2020 has already begun to emerge on a number of websites from non- ICC affiliated providers. Misuse of the Incoterms® rules can lead to costly mistakes, making it essential to learn about the renowned terms

After receiving 73 submissions, 16 chambers of commerce are moving on to the final round of the World Chambers Competition. Representing 11 countries, the selected chambers will each have the opportunity to present their innovative initiatives to the global network of chambers attending the 11th edition of the World Chambers Congress in Rio de Janeiro, Brazil from 12-14 June 2019. Taking place in conjunction with the World Chambers Congress, the World Chambers Competition is the only award programme of its kind to recognise pioneering projects undertaken by chambers from around the world. With more than 1,200 delegates from over 110 countries in attendance, the

In a letter published in the Financial Times today, International Chamber of Commerce Secretary General, John W.H. Denton has called for an urgent, systemic response to the challenge of digital protectionism. Responding to anticipated Chinese curbs on data transfers, Mr Denton highlights how the balkanization of data flows and digital services by major economies could be averted through negotiation of new rules on e-commerce under the auspices of the World Trade Organization, which 75 governments signed up to in January. Mr Denton said that the talks – welcomed by ICC as a major step forward in efforts within the WTO to enable e-commerce

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