Clare Rewcastle, founder of the Sarawak Report and Radio Free Sarawak UK/ Malaysia. Photo: Dominique James Off-shore "paradise" islands are back in the news and as far as I am concerned they should stay in the news until these shelters for the super-rich, tax evaders and also mega-criminals are sorted out.
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.
Statoil's tax director Finn Lexov stated that the company chose the Netherlands because of the favorable tax laws. The oil industry is calling it “stable and predictable", writes the Mona Thowsen. Photo: Kjell Eson, v/ Flickr: CC BY - NC - ND 2.0
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?
Hovedresultatene fra 2016:dtbyrtgrhrt srregtjyfd rdsertbrdsrsftcryrtnytsebrebertjudtyh
Norwegian Bank Investment Management (NBIM) asked PWYP Norway for feedback in an Expectations document on taxes and transparency.
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.
The consequence is that companies are not required to give information from tax havens, because payments to such places will be less than NOK 800,000, writes Mona Thowsen in the opinion piece. Photo: Kathie M Ceballos CC BY-NC-ND 2.0 Flickr
The Ministry of Finance has not followed up on Parliament´s request, so Norwegian companies do not have to submit information from tax havens.
Thick walls at the Ministry of Finance. Foto: Helge Høifødt
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.
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PWYP Norway explains how the protection of tax havens can be repealed by removing a link between two paragraphs.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?