Tax and capital flight

Opinion piece: Transparency is no longer a goal, Erna?

English

Statsminister Erna Solberg. Foto: Heiko Junge:NTB scanpix:SMK (CC BY-NC 2.0:Flick).
Prime Minister Erna Solberg. Foto: Heiko Junge/NTB scanpix/SMK (CC BY-NC 2.0/Flicker).

Have we not learned anything from Panama and Paradise Papers? The government proposes to remove the economic support  that gives the opportunity for NGOs to work for transparency in capital flows.

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THE ROLLER-COASTER MECHANISM IN THE WORLD ECONOMY. Mark-to-Market and transactions outside the market

  • Marking-to-market is a concept which has started to invade a significant portion of both accounting and cross-border contracts. As a concept it is good, as it makes accounts more informative, but it also introduces problems.
  • One of the problems is that it accelerates losses when markets collapses, and therefore constitute a risk of being one of the elements that make companies go bankrupt in a crisis.
Written by: 
Frian Aarsnes
ISBN: 
978-82-93212-78-2
Publication date: 
December 2017

Panama Offshore Story Continues in Armenia: Investigative Journalists - NGO Goes to Court

English

Mihran_Poghosyan_Kilde_Compulsory Enforcement Service
Mihran Poghosyan. Fotograph: Compulsory Enforcement Service (Wikimedia / Creative Commons / Mamuli qartughar)

Armenia’s Special Investigative Service (SIS) dropped the offshore business case against former Chief Compulsory Enforcement Service Officer Mihran Poghosyan in January this year.

Writen by Kristine Agalaryan* (photograph on the right) 

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Are politicians in Parliament for or against a black economy and tax evasion?

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Snorre Valen (SV - socialist left) presented a suggestion to Parliament concerning a measure against a black economy and tax evasion. Poto: Stortinget (CC BY 2.0) Flickr

The litmus test is served. Snorre Valen (SV) asks politicians in Parliament to sign a representative proposal for extended country-by-country reporting. Since the Panama Papers, this is one of the most important measures which is not in place yet. The reason for this is the lack of follow-up by the Ministry of Finance on country-by-country reporting for accounting purposes.  

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Opinion piece: Still protecting the tax havens

English

The consequence is that companies are not required to give information from tax havens, because payments to such places will be less than NOK 800,000, writes Mona Thowsen in the opinion piece. Photo: Kathie M Ceballos CC BY-NC-ND 2.0 Flickr

The Ministry of Finance has not followed up on Parliament´s request, so Norwegian companies do not have to submit information from tax havens.​

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The tax havens are now completely protected. The Ministry of Finance should be asked why.

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Thick walls at the Ministry of Finance. Foto: Helge Høifødt

 

Right before Christmas Eve, on December 22, the Ministry of Finance established changes to the amendment concerning country-by-country reporting (CBCR), without Parliament having dealt with the matter.

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The Ministry of Finance deny that they are protecting tax havens. PWYP Norway demonstrates why we believe that they are.

English

The Ministry of Finance. Photo: Christian A. Calmeyer (CC BY-NC-ND 2.0)

PWYP Norway explains how the protection of tax havens can be repealed by removing a link between two paragraphs.  

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Why Norway should prioritize extended country-by-country reporting

English

Knut Falk Qvigstad´s (MDG - Norwegian Green Party) input on the interpellation, points out what information society needs in order to keep their authorities and companies accountable. Screenshot: Parliament´s video archive

 

Knut Falk Qvigstad (MDG) explains why the weaknesses in OECD´s BEPS-track will allow companies to continue the same practices as they have been doing.

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