Tax and capital flight

Stop Capital Flight and Promote Equal Competition through Transparency and Taxation

Anonym — Mon, 01 Jul 2019 13:32:57 +0000

Stop Capital Flight and Promote Equal Competition through Transparency and Taxation

Anonym (not verified) Mon 01/07/2019 - 15:32

Three simple tax mechanisms are the only ones needed in order to equate the taxation of multinational companies with national companies
Any country can enact these mechanisms as they are changes to the internal tax code
The three mechanisms are precise as they target specific classes of transactions and are not based on parameters or estimates.
The mechanisms are unique in that no country enacting them will trespass on any other country’s tax base

Written by

Frian Årsnes

Publication date

December 2018

Stopp kapitalflukt og promoter like konkurransevilkår gjennom åpenhet og beskatning

Anonym — Mon, 01 Jul 2019 13:22:08 +0000

Stop Capital Flight and Promote Equal Competition through Transparency and Taxation

Anonym (not verified) Mon 01/07/2019 - 15:22

Three simple tax mechanisms are the only ones needed in order to equate the taxation of multinational companies with national companies
Any country can enact these mechanisms as they are changes to the internal tax code
The three mechanisms are precise as they target specific classes of transactions and are not based on parameters or estimates.
The mechanisms are unique in that no country enacting them will trespass on any other country’s tax base

Publication date

December 2018

BERG-OG-DALBANE MEKANISMEN I VERDENSØKONOMIEN. Mark-to-Market og transaksjoner utenfor market

Anonym — Tue, 09 Jan 2018 09:58:02 +0000

THE ROLLER-COASTER MECHANISM IN THE WORLD ECONOMY. Mark-to-Market and transactions outside the market

Anonym (not verified) Tue 09/01/2018 - 10:58

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. The solution is to tax the mark-to-market profit through easily available mechanisms.

- Mark-to-Market is an accounting concept whereby an asset in the balance sheet is adjusted on a regular basis to its market value – normally upwards.
- The MtM-concept has spread to such a degree that it now governs the principles on most of the assets in the balance sheet and the income accrued from these.
- The MtM-concept usually entails one of two things: (1) In the current fiscal year, an unrealized revenue item is recognized, which means that two financial statements that is comparable in all other aspects, cannot be compared anymore, and (2) used between companies in multinational corporations, the concept can transfer untaxed capital to a large extent to subsidiaries in the low-tax country.
- The problem with (1) is that companies that pay too much dividends based on unrealized income items become less solid and more vulnerable to cyclical fluctuations, while the problem of (2) is that it is a de facto method of transferring untaxed capital out of a country, much referred to as capital flight.

Written by

Frian Aarsnes

Publication date

March 2018

ISBN

978-82-93212-79-9

Attachment	Size
Les rapporten på norsk.pdf	759.29 KB

Attachment	Size
Les rapporten på engelsk.pdf	1.02 MB

Norsk lov kan hjelpa sivilsamfunnet i Afrika

Anonym — Thu, 05 Dec 2013 12:11:54 +0000

Norwegian law can help African civil society Anonym (not verified) Thu 05/12/2013 - 13:11

Extended country-by-country reporting. The 3-minute version.

Anonym — Tue, 18 Dec 2012 13:38:23 +0000

Extended country-by-country reporting. The 3-minute version.

Anonym (not verified) Tue 18/12/2012 - 14:38

Summary: This briefing from PWYP Norway explains what the extended country-by-country reporting policy proposal is, why it is necessary, how it is streamlined with the reporting requirements in the Dodd-Frank law and the EU proposal, as well as with the extractive companies’ existing consolidation processes, and how it can be implemented easily and at low cost.

The briefing features a suggested reporting template in an easy-to-use format that captures the essential tax payment information in a meaningful context.

Would you like to know more?

The full policy proposal was published in January 2012.
Why is this important?

Publication date

November 2012

Attachment	Size
Download - English	94.68 KB

OLD VERSION: An extended country-by-country reporting standard. A policy proposal to the EU.

Anonym — Tue, 17 Jan 2012 22:10:39 +0000

OLD VERSION: An extended country-by-country reporting standard. A policy proposal to the EU.

Anonym (not verified) Tue 17/01/2012 - 23:10

NOTE: This is an old version of the report. In November 2013 we published a re-written and updated version, please find Version 2 via this page.

Sammendrag: 2/3 of the poorest people in the world live in resource rich countries. Natural resources has the largest value creation potential to mobilize own capital, but profit often ends up elsewhere. Today, the extractive industries can transfer significant profits out of the source country before it is taxed. One simple policy proposal will give investors and other constituents the instrument to follow their money.

What does the reporting template of the extended country-by-country reporting standard look like? Does the proposal cover Dodd-Frank?

For quick answers to this, and as an introduction to the extended country-by-country policy proposal, we have also made available a briefing note, with the reporting template.

See videos from the launch in Oslo, 19.11201

If you are interested in obtaining this old version of the report, please contact PWYP Norway via post@pwyp.no

Written by

Frian Aarsnes, delvis basert på arbeidet til Richard Murphy

Publication date

January 2012

ISBN

978-82-93212-03-4

TRACE Briefings 2010-2011

Anonym — Mon, 10 Oct 2011 21:17:40 +0000

TRACE Briefings 2010-2011

Anonym (not verified) Mon 10/10/2011 - 23:17

Summary: As a step in completing the TRACE programme, the 2010-2011-participants have worked together to produce short briefings on four selected topics: “contract transparency”, “environmental issues related to EI”, “indigenous peoples´ rights and EI”, and “illicit financial flows and secrecy jurisdictions”.

The hope is that these briefings will be useful for those who did not have the chance to join in the programme, but would like insight into the topics.

You man also download the briefings separately

Written by

TRACE-deltakere og eksterne konsulenter

Publication date

October 2011

Attachment	Size
Download - English	3.26 MB

Attachment	Size
Download - español	3.26 MB

Tax and capital flight

Stop Capital Flight and Promote Equal Competition through Transparency and Taxation

Stopp kapitalflukt og promoter like konkurransevilkår gjennom åpenhet og beskatning

BERG-OG-DALBANE MEKANISMEN I VERDENSØKONOMIEN. Mark-to-Market og transaksjoner utenfor market

What is Mark-to-market?

Why is Mark-to-Market important?

Norsk lov kan hjelpa sivilsamfunnet i Afrika

Extended country-by-country reporting. The 3-minute version.

OLD VERSION: An extended country-by-country reporting standard. A policy proposal to the EU.

TRACE Briefings 2010-2011