An extended country-by-country reporting standard. A policy proposal to the EU. Volume 2

Summary:

• 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 the launch of the first version of the report here.(link is external)

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.