Companies often reallocate income rather than paying the tax. The figure shows the weighted average of the three groups of countries, with the current taxable income as weights. Graphics: IMF
International companies have managed to push the income tax down to zero, and the countries loses up to 15 percent in tax revenue, according to a new report from the International Monetary Fund (IMF).
Tuesday June 20, members of the new stakeholder group of EITI, were appointed by the Norwegian government. Among the members are Secretary General of Publish What You Pay Norway, Mona Thowsen. The new group will sit for two years.
The OECD has invited interested parties to send comments on a discussion draft, which includes the preliminary results of the work carried out in three different areas on tax-policy. Publish What You Pay Norway has used the opportunity to send in comments.
Illustration: Derek Bacon
PWYP Norway is arranging an open half day seminar November 21st at The House of Litterature in Oslo. SAVE THE DATE!
Snorre Valen, a member of the Finance Committee for SV wants expanded country-by-country reporting. Photo: OSCE Parliamentary Assembly
The Norwegian Parliament voted on the revised national budget June 20th 2014. The Socialist Left Party put forward a proposal to extend the regulations on country-by-country reporting in line with PWYP Norway's proposal.