But the rules are different. Moreover, the revenue collection focal points of tax and Customs administrations are different: a high transfer price generally results in a high duty, but low income tax; a low transfer price results in lower duties and higher income taxes. The objectives of convergence are to provide more certainty for a business that the approach it takes in establishing prices will satisfy both tax and Customs administrations, and more certainty for governments that there is consistency in approach leading to appropriate pricing, and tax collections, of both income tax and Customs duties. Global convergence efforts began with two conferences jointly sponsored by the WCO and the OECD in and , followed by the establishment of a Focus Group including both public and private sector members to identify specific problems and suggest possible solutions. These convergence efforts have resulted in better appreciation of both disciplines by tax and Customs administrations and private sector professionals.
World Customs Organization
An important new instrument was finalized at the 45 th Session of the Technical Committee on Customs Valuation which took place in Brussels from 23 to 25 October under the Chairmanship of Mr. Birkhoff of the Netherlands. The instrument Case Study This is the second case study to be issued by the Technical Committee on this topic, based on a submission by China, following issue of Case Study The Organisation for Economic Cooperation and Development OECD has developed Guidelines for establishing the transfer price, that is the price of goods and services sold between controlled or related legal entities, in order to determine business profit taxes where businesses are related. The Technical Committee has been discussing the relationship between Customs valuation and transfer pricing over the past few years. An earlier instrument of the Technical Committee, Commentary
Optimized Biodiesel Production from Waste Cooking Oil (WCO) using Calcium Oxide (CaO) Nano-catalyst
The most clearly-missing characteristic of team excellence that is lacking in this team is collaborative climate. It seems that they are working against each other more than collaborating, and I believe this is because they are not used to or have been directed to collaborate as much as necessary. I think Jim needs to intervene at this point.
A health educator wants to evaluate the effect of a dental film on the frequency with which children brush their teeth. A random selection of 8 children are used for the experiment. First, a baseline of the number of times the children brush their teeth over a month's period is established. Next, the children are shown the dental film and again the number of teeth brushings are recorded for a month.