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Business calls for a unified, global approach to digital economy taxation

24 July 2019: As national digital taxation proposals continue to emerge, ICC calls for governments and business to adopt a unified approach to taxation of the digitalised economy. Taxation of the digitalised economy remains a leading topic on the global tax agenda as policymakers seek to address the implications and opportunities presented by digitalisation. Political pressure is evident as governments around the world explore solutions to ensure that income generated from cross-border activities in the digital age is taxed appropriately. France has taken the lead

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A Day in the Life of the Incoterms® Rules with Daniela María Rojas García

23 July 2019: The International Chamber of Commerce (ICC) sat down with Daniela María Rojas García to discuss the future of the Incoterms® rules in space. Listen now on Spotify | Apple Podcasts TC: Hello my name is Tim Conley and I am the Global Communications Officer at the International Chamber of Commerce. Welcome to A Day in the Life of the Incoterms® rules. ICC is the international body that drafts and maintains the Incoterms rules. As part of this series and in anticipation for the launch

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Paris Agreement Article 6: What is it and why is it important?

18 July 2019: Article 6 of the Paris Agreement was the focus of attention at the UN Climate Change Conference in Bonn. But what is Article 6 and why is it important to increasing climate action? Increased ambition to curb greenhouse gas (GHG) emissions was at the heart of June’s United Nations Climate Change Conference in Bonn, Germany. Under the Paris Agreement, the 194 Parties to the United Nations Framework Convention on Climate Change (UNFCCC) committed to shifting the world’s course towards sustainable development and “holding the increase

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Bob Ronai’s journey from the docks of Australia to Incoterms® 2020

17 July 2019: As part of the first instalment of A Day in the Life of Incoterms, the International Chamber of Commerce (ICC) spoke to Bob Ronai, a member of the Incoterms® 2020 Drafting Group, about the Incoterms® rules and his passion for international trade. When Bob Ronai started his career in international trade five decades ago, many of the defining characteristics of today’s global trade system did not exist. For starters, rule-setting organisations, like the European Union (EU) and World Trade Organization (WTO), were

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ICC handbook sheds light on IP valuation process for business

17 July 2019: The International Chamber of Commerce (ICC) has published guidance on intellectual property (IP) valuation to provide business with a common knowledge base for valuing IP assets. With the help of 30 experts from 15 counties, ICC has released the ICC Handbook on Valuation of Intellectual Property Assets. The ICC handbook serves as a reference for business and valuation professionals. From large multinational corporations to micro-, small-, and medium-sized enterprises (MSMEs), more and more businesses are conducting IP valuations as part of development and

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ICC Banking Commission releases new eRules on the use of electronic documents

10 July 2019: The International Chamber of Commerce (ICC) Banking Commission has issued new electronic rules (eRules) to advance the digitalisation of trade finance practices. The ICC Banking Commission has released electronic supplements to the existing Uniform Rules for Collections (URC 522) and Uniform Customs and Practice for Documentary Credits (UCP 600) rules. The new eRules, which came into effect on 1 July, will provide rules for banks operating in today’s increasingly digital trade finance system. In June 2017, ICC formed the “Digitalisation in Trade

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