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
SummaryStatoil 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?
Senate President Bukola Saraki. Photo: Mohammed Lere, Premium Times. Photograpgh taken with permission from Emmanuel Mayah from article.: ”#PanamaPapers: Hidden family assets of Nigeria’s Senate President, Saraki, uncovered in tax havens”, 4 April 2016.Working on the Panama Papers I have realized, more than ever before, the power of networking and collaboration. The teamwork with international journalists gave me the confidence and empowerment to dare a fearsome figure in the corridor of power.
Finding information about conflictive issues related to state owned companies in Ethiopia, as with a coal extraction initiative established by the country's army, is a difficult and frustrating process. Photo: SarahTz (CC BY 2.0/Flickr)Ethiopia´s communication affairs office controls which media is entitled to be invited to state organized press events, and which media is not invited.
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.
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.
A journalist records a speech during a march in Cape Town. Investigative journalist Craig McKune writes about several recent cases where journalists are exposed to threats in South Africa. Photo: Ashraf Hendricks/GroundUp (CC BY-ND 4.0)- I explained how South Africa is very violent... "Yet, the bad guys do not seem to hurt journalists for some reason", I said... How wrong I was.
Otto Pérez Molina in the Jaguar Energy coal plant. Photograph: Guatemalan Government (CC)- One politician used his Facebook profile to accuse me, a journalist, of being behind "the attacks" against him, and stated that a criminal lawsuit would follow. A day later he wrote a column welcoming me to the "world of the mortals", and implicit death threat.
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)
Deloitte´s building in Oslo, Norway. Photo: Benson Kua (CC BY-SA 2.0/Flickr)
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.