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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.  
Finance MinisterSiv Jensen. Foto: Rune Kongsro, Finansdepartementet  There are mechanisms against the Panama leak. The Ministry of Finance is scheduling the most important hearing which can give transparency into companies for "summer."
Foto_Jean-Pierre_Pouteau_OECD_CC_BY-NC-ND_20 The OECD has invited interested parties to send comments on a discussion draft, which includes the preliminary results of the work carried out in three different areas on tax-policy. Publish What You Pay Norway has used the opportunity to send in comments. 
The Norwegian Parliament. Regulations concerning country-by-country reporting
Two criteria need to be met in order for country-by-country reporting to be one of the best and cheapest policy measures. PWYP Norway underlines these two criteria in our consultative statement to the Ministry of Finance:
-Global transparency in the world economy is necessary are we to build sustainable societies, says Finland’s Minister of International Development and Green politician Heidi Anneli Hautala.
Summary: This briefing from PWYP Norway explains what the extended country-by-country reporting policy proposal is, why it is necessary, how it is streamlined with the reporting requirements in the Dodd-Frank law and the EU proposal, as well as with the extractive companies’ existing consolidation processes, and how it can be implemented easily and at low cost. The briefing features a suggested reporting template in an easy-to-use format that captures the essential tax payment information in a meaningful context.  
NOTE: This is an old version of the report. In November 2013 we published a re-written and updated version, please find Version 2 via this page.
Summary * Extractive industries are big users of a financial instrument called derivatives, which can be abused to transfer revenues out of host countries before it is taxed.* The value behind all derivatives is 10 times the world GDP.* One simple policy proposal can be enacted upon unilaterally to stop abuse, while protecting proper use of these instruments. Read the short 4-page briefing of the report.
Summary: Defining Elements outlines which concrete elements should be made subject for regulation in a full country-by-country reporting standard for the extractive industry. It is based on input from CSOs, tax experts, accounting experts, private sector, and PWYP Norway´s experiences with other processes. This is a draft for discussion, and input in writing is appreciated (input gathering is now closed).