What Is The Full Form Of WEF In Income Tax?
WEF full form in income tax is World Economic Forum. This is an independent group that works globally and is set up through a partnership between the public and private sectors. It brings together key leaders from politics, business, culture, and other areas to discuss and shape plans in the global, regional, and business essence. The World Economic Forum emerged in 1971 as a foundation of a non-profit group based in Geneva, Switzerland. It aims to make the world a better place by bringing together leaders from business, politics, education, and other fields to discuss and plan on a global scale.
Origin and Governance:
The World Economic Forum began in 1971 in Switzerland as a non-profit group. It is the leading non-profit group that sets high standards for ethical behavior, in conjunction with its reputation for justice and openness to fresh ideas and solutions while striving to be innovative for the public good worldwide.
Functions and Impact:
The World Economic Forum has many roles and makes a big difference in the world. It offers a venue for business, government, and civic leaders from all over the globe to come together and collaborate on fundamental issues. These issues include handling new technologies, dealing with global security problems, and addressing common global challenges. Besides, the Forum is known for its annual gatherings that aim not only to bring people together but to be a start for real actions. It does more than hold meetings; it encourages ongoing discussions and projects.