All the main techniques used for capital fiight can be grouped into one area – abuse of cross-border regulation. Tax credit is already an approved method for dealing with revenues cross-border together with withholding taxes.Reverse Tax Credit can use the tax credit principles to deal with costs cross-border and eliminate the “need” for tax havens. Reverse Tax Credit can be enacted unilaterally by any country, and will automatically leverage the playing fields between companies, large or small, mul
In January, a new legislation will be introduced in Norway that might prevent capital flight and ensure a greater degree of transparency. Three activists from the civil society in South Sudan, Uganda and Ghana explain why this law is vital for their work. See the video interview!
Summary • In 2012, government expenditure worldwide was USD 28 656 billion. Total tax burden was USD 18 821 billion.• This huge discrepancy can be reduced by closing loopholes in tax systems and preventing capital flight• This report is about analyzing and fixing loopholes in tax systems – increasing cost-efficiency and ensuring fairer competition in extractive industries.VIDEO: See the presentation of the report "Windfall Taxes".
PWYP Norway has analysed and documented Statoil's reporting according to the current country-by-country reporting amendment for the three financial years the company has reported on - 2014, 2015, and 2016.
Norwegian Bank Investment Management (NBIM) asked PWYP Norway for feedback in an Expectations document on taxes and transparency.
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PWYP Norway explains how the protection of tax havens can be repealed by removing a link between two paragraphs.
Ivan Velasquez, leder i CICIG. Foto: CICIG
How to lead the campaign against corruption when authorities are part of the problem?
Foto: Craig McKune
The South African journalist Craig McKune will share his experience of investigating illegal financial transactions.
Foto: Kristine Aghalaryan
Endangered animals are abducted from zoos in Armenia. Few know where they go.
From 2003 - 2012, 6.6 trillion US dollar left developing country economies illicitly. Illustration: PWYP Norway
Financial transparency can finance development