- Natural resources have the largest value creation potential to mobilize tax revenue, but profit often ends up elsewhere.
- Today, the Extractive Industries can transfer significant profits out of the source country before it get taxed.
- One simple policy proposal, aligned with US and EU regulation, will give investors and constituents the instrument to follow their money.
- The proposal links taxpayments to the audited financial statements through 8 simple accounting numbers.
See also PWYP Norway's 3-minute version of extended country-by-country reporting(link is external).
Alternatively, you can read the short 4-page briefing based on the report.
Written by Richard Murphy, rewritten and adapted by Frian Aarsnes