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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. 
PWYP Norway has sent a consultation comment to International Monetary Fund (IMF) and challenges definitions used by IMF on tax-issues. IMF has invited governments, civil society, academics and private sector stakeholders to comment on the topic.
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.