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An extended country-by-country reporting standard. A policy proposal to the EU.
Summary: 2/3 of the poorest people in the world live in resource rich countries. Natural resources has the largest value creation potential to mobilize own capital, but profit often ends up elsewhere. Today, the extractive industries can transfer significant profits out of the source country before it is taxed.
One simple policy proposal will give investors and other constituents the instrument to follow their money.
Written by:
Frian Aarsnes, based in part on the work of Richard Murphy
ISBN:
978-82-93212-03-4
Publication date:
January 2012 