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EXPLANATORY MEMORANDUM 1. CONTEXT OF THE PROPOSAL Background of the proposalSince 2011, the Visa Information System (VIS)0 has served as the technology solution facilitating the shortstay visa procedure
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Towards a global data refers to the collection and reporting of financial and operational information by multinational enterprises to governmental authorities to enhance transparency in cross-border transactions.
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The purpose of towards a global data is to provide tax administrations with necessary information to assess compliance with tax laws, understand cross-border activities, and prevent base erosion and profit shifting (BEPS).
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