Europe

Opinion piece: Transparency is no longer a goal, Erna?

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Statsminister Erna Solberg. Foto: Heiko Junge:NTB scanpix:SMK (CC BY-NC 2.0:Flick).
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.

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Politisk salong: ULIKHET OG REGNSKAP – har det noe med hverandre å gjøre?

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Politisk salong: Ulikhet og regnskap - har det noe med hverandre å gjøre? Illustrasjon: PWYP Norge

 

I samarbeid med Fagforbundet inviterer Publish What You Pay Norge til politisk salong "ULIKHET og REGNSKAP", den 11. april

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Opinion piece: Tax Haven-regulation in a Sleeping Beauty Slumber

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The “tax haven – section” contains the requirements for an extended country-by-country reporting, but is put in a Sleeping Beauty slumber. Photo: Christian_A_Calmeyer_(CC_BY-NC-ND_2.0_Flickr).

Would the Government like to know about mailbox companies and capital in tax havens? If so, they already have the key themselves.

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Consultative input concerning Deloitte's evaluation report of country-by-country reporting regulations

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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.

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Opinion piece: Should report on mailbox empires

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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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Are politicians in Parliament for or against a black economy and tax evasion?

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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.  

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Opinion piece: Still protecting the tax havens

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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.​

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The tax havens are now completely protected. The Ministry of Finance should be asked why.

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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.

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The Ministry of Finance deny that they are protecting tax havens. PWYP Norway demonstrates why we believe that they are.

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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.  

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What Statoil reported and what Statoil should have reported

Summary

  • Statoil 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? 
Written by: 
Frian Aarsnes / PWYP Norge
ISBN: 
978-82-93212-68-3
Publication date: 
June 2016

Pages

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