I samarbeid med Fagforbundet inviterer Publish What You Pay Norge til politisk salong "ULIKHET og REGNSKAP", den 11. april
Would the Government like to know about mailbox companies and capital in tax havens? If so, they already have the key themselves.
The Ministry of Finance has outsourced the evaluation of national transparency requirements to one of the "Big Four" accounting firms - Deloitte. PWYP Norway shares its consultative input with notes.
Statoil and others should be forced to report on their mailbox empires. Or does the State prefer to get this sort of information through the news?
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.
The Ministry of Finance has not followed up on Parliament´s request, so Norwegian companies do not have to submit information from tax havens.
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.
PWYP Norway explains how the protection of tax havens can be repealed by removing a link between two paragraphs.
- Statoil reported on the minimum transparency requirement, called country-by-country reporting, on a half page in its sustainability report for 2014.
- PWYP Norway shows that Statoil could have easily reported on a meaningful transparency requirement, called an extended country-by-country reporting, on that half page.
- When companies can show their country-by-country presence on a half page, why will politicians not demand it from them?