Below is a collection of PWYP Norway’s publications, sorted by publication month. We welcome you to download our publications and background material, of course without any cost, but please quote us explicitly if you use any of our material in your work (”Title/PWYP Norway/http://www.publishwhatyoupay.no/publications”). The contributing illustrators and photographers have copyright to their material.
PWYP Norway has analyzed the accounts of Equinor from 2014 to 2018. Our findings show that Equinor could easily have reported on extended country-by-country reporting requirements on one extra page. It shows how little it takes before extended country-by-country reporting is in place.
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. This can be avoided by changing the accounting guidelines for mark-to-market accounting.
Another problem is that mark-to-market contracts, where the asset sits in another country, most often in a tax haven, creates the perfect opportunity for companies to transfer untaxed funds to tax havens, reducing taxes in the country where the company resides.