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.
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?
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