Organisation for Economic Co-operation and Development controversy

KPMG LLP Generative AI Solution Responds to Rising Tax and ESG Transparency Demands

Retrieved on: 
Monday, November 6, 2023

Cloud-based 'Impact Analyzer' wrangles data to prepare companies for imminent FASB and OECD tax disclosures

Key Points: 
  • New York, New York--(Newsfile Corp. - November 6, 2023) - KPMG LLP, the audit, tax, and advisory firm, is introducing a new generative AI-backed solution, the KPMG Tax Transparency Services - Impact Analyzer (Impact Analyzer), to help companies prepare and respond to new disclosure requirements and heightened transparency expectations from stakeholders.
  • The Impact Analyzer is part of the firm's proprietary KPMG Digital Gateway platform, which is being enhanced with a suite of generative AI solutions for Tax and ESG.
  • "Organizations should begin preparing now for mandatory tax transparency," said Greg Engel (@Greg_Engel_KPMG), Vice Chair - Tax at KPMG LLP.
  • "Tax is both a measure and a key driver of sustainability," said Brett Weaver , partner and ESG Tax Leader at KPMG LLP.

COP28 Business & Philanthropy Climate Forum unveils key Partners, uniting to drive global climate action

Retrieved on: 
Thursday, October 19, 2023

ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.

Key Points: 
  • ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.
  • The Forum will convene 500 business and philanthropy leaders alongside policymakers to accelerate solutions and drive bolder results.
  • This signifies a new era of collaborative climate action guided by the COP28 Action Agenda, which includes fast-tracking a just and orderly energy transition; fixing climate finance; putting nature, lives, and livelihoods at the heart of climate action; and underpinning everything with full inclusivity.
  • The Business & Philanthropy Climate Forum is COP28's private sector engagement platform to convene and engage business leaders and philanthropists from around the world.

COP28 Business & Philanthropy Climate Forum unveils key Partners, uniting to drive global climate action

Retrieved on: 
Thursday, October 19, 2023

ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.

Key Points: 
  • ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.
  • The Forum will convene 500 business and philanthropy leaders alongside policymakers to accelerate solutions and drive bolder results.
  • This signifies a new era of collaborative climate action guided by the COP28 Action Agenda, which includes fast-tracking a just and orderly energy transition; fixing climate finance; putting nature, lives, and livelihoods at the heart of climate action; and underpinning everything with full inclusivity.
  • The Business & Philanthropy Climate Forum is COP28's private sector engagement platform to convene and engage business leaders and philanthropists from around the world.

Minister Valdez announces new investments to help diverse entrepreneurs grow their businesses

Retrieved on: 
Wednesday, October 11, 2023

A second call for expressions of interest for another round of investments of $25 million is ongoing and will close on November 22, 2023.

Key Points: 
  • A second call for expressions of interest for another round of investments of $25 million is ongoing and will close on November 22, 2023.
  • "Supporting inclusive growth in the venture capital sector ensures that entrepreneurs and start-ups led by diverse individuals receive the investments that they historically haven't been granted simply because of their identity.
  • – The Honourable Rechie Valdez, Minister of Small Business
    "For an economy to reach its full potential, everyone needs to participate.
  • BDC, which manages the VCCI, is Canada's most active single VC investor, managing over $4.2 billion in VC investments.

Australia's emissions must decline more steeply to reach climate commitment: OECD

Retrieved on: 
Tuesday, October 3, 2023

The OECD also suggests broadening the scope of Australia’s so-called Safeguard Mechanism, which at present regulates the emissions of Australia’s 215 biggest polluting facilities.

Key Points: 
  • The OECD also suggests broadening the scope of Australia’s so-called Safeguard Mechanism, which at present regulates the emissions of Australia’s 215 biggest polluting facilities.
  • It awards Australia a score on carbon pricing well below the OECD average and even further below that of the top OECD performers.
  • The OECD is a forum of 38 mainly high-income countries, including Australia, that describe themselves as committed to democracy and market economies.
  • Declining productivity, declining competitiveness
    The OECD finds signs of “reduced competitive intensity” in product markets, as well as falling labour mobility.

The Government of Canada takes the next step to better protect the environment and human health from all hazardous waste and hazardous recyclable material

Retrieved on: 
Friday, September 29, 2023

E-waste contains substances of concern, such as mercury, lead, and brominated flame retardants that can adversely affect the environment and human health.

Key Points: 
  • E-waste contains substances of concern, such as mercury, lead, and brominated flame retardants that can adversely affect the environment and human health.
  • That is why, today, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, published proposed amendments to Canada's Cross-Border Movement of Hazardous Waste and Hazardous Recyclable Material Regulations.
  • "Hazardous waste and hazardous recyclable materials are harmful to the global environment and to human health.
  • The Basel Convention is a multilateral environmental agreement with the goal of protecting human health and the environment from the dangers posed by transboundary movement and disposal of hazardous waste and hazardous recyclable material.

Bio-Process Systems Alliance Responds to European Chemicals Agency's Proposed Universal Ban on PFAS

Retrieved on: 
Thursday, September 28, 2023

PFAS are used extensively across multiple industries, including bioprocessing, due to their unique functional properties and low reactivity.

Key Points: 
  • PFAS are used extensively across multiple industries, including bioprocessing, due to their unique functional properties and low reactivity.
  • This restriction proposes a universal ban over time on the use of all fluoropolymers in all applications, without distinguishing between fluoropolymers and other PFAS substances.
  • "Let's find solutions that better balance the environmental and health concerns with the needs of patients, consumers and the bioprocessing industry."
  • We urge ECHA to reconsider its proposed restriction based on the available scientific data and risk assessments regarding PFAS substances, including fluoropolymers, used in bioprocessing.

Registration is Now Open for the Women’s Entrepreneurship Accelerator Event at UNGA78, Marking Four-Year Anniversary Milestone

Retrieved on: 
Wednesday, September 13, 2023

This initiative is a collaborative effort with WEA-participating UN agencies, Mary Kay Global , Yildiz Holding , and the Women Entrepreneurs Act initiative (WE Act) of the Women20 (W20) countries.

Key Points: 
  • This initiative is a collaborative effort with WEA-participating UN agencies, Mary Kay Global , Yildiz Holding , and the Women Entrepreneurs Act initiative (WE Act) of the Women20 (W20) countries.
  • (Credit: Women’s Entrepreneurship Accelerator)
    The event aims to foster dialogue among stakeholders in the women's entrepreneurship ecosystem.
  • The session will explore the "Trillion-dollar Opportunity in Supporting Women Entrepreneurs" and the potential economic impact if women-led businesses surmount financial barriers.
  • For those unable to attend, the event will be streamed live on the United Nations Web TV website.

myTax is fast and free – so why do 2 in 3 Australians still pay to lodge a tax return?

Retrieved on: 
Thursday, July 27, 2023

Ten years ago, the Australian Taxation Office (ATO) created the “myTax” portal, an easy way to lodge your tax return online.

Key Points: 
  • Ten years ago, the Australian Taxation Office (ATO) created the “myTax” portal, an easy way to lodge your tax return online.
  • It’s available 24 hours a day, is free to use, and you will typically get your refund within two weeks.
  • In fact, slightly less than 36% of Australia’s 15 million taxpayers used the myTax portal in 2020-21 – the most recent tax year for which the tax office has published data.
  • So why have Australians – who have quickly embraced the internet for everything from shopping to dating – been so slow to embrace myTax?