Norway

Oliemaatschappij Shell heeft ruim honderd dochtermaatschappijen in erkende belastingparadijzen als Jersey, de Caymaneilanden, Bermuda en Barbados.

The report by Publish What You Pay (PWYP), a pressure group campaigning for greater tax transparency, criticises the likes of BP and Glencore for deliberately using opaque subsidiaries “to facilitate illicit financial flows…

Plus d’un tiers des filiales de dix des principaux groupes pétroliers et miniers au monde sont enregistrées dans des paradis fiscaux ou dans des juridictions permettant une certaine opacité financière, révèle le rapport d’une ONG norvégienne à paraître mercredi 21 septembre.

Au total, 2 083 des 6 038 filiales (34,5 %) contrôlées par ces dix géants mondiaux cotés en Bourse sont localisées dans des Etats où “les comptes et les données sur l’actionnariat ne sont pas publiquement disponibles”, explique dans un communiqué la branche norvégienne du réseau Publiez ce que vous payez (PCQVP).

L‘é

More than a third of the subsidiaries owned by major energy and mining companies including Shell, BP and Glencore are based in “secrecy jurisdictions” where company accounts are not publicly available, according to a report.

The study by Publish What You Pay Norway, which campaigns for transparent accounting among oil, gas and mining giants, claims that populations in resource-rich countries are losing out because they are unable to extract financial information from businesses operating on their soil or off their seaboards.

“Extractive industry giants’ corporate ownership structures, th

OSLO – Today Norway discloses oil revenues payments by companies and launches its first report under the Extractive Industries Transparency Initiative (EITI).

The Norwegian government already has institutions to control and oversee its received tax revenues, but this marks the first time all tax revenues are published on a company-by-company basis and reconciled by an external auditor (Deloitte). The report shows that in 2008 Norway total payments reported and received was 400 489 701 000 NOK.

Doha: Publish What You Pay (PWYP), the global civil society coalition, said today that the Extractive Industries Transparency Initiative (EITI) needs to redouble its efforts to protect civil society activists and ensure that civil society is an equal partner in efforts to achieve transparency in natural resource revenue management.

Dear Ministers,

As strong advocates of the Extractive Industries Transparency Initiative (EITI), we are writing to express our deep concern over Norway’s lack of visible progress towards becoming an EITI candidate country following the government’s announcement of its intentions to implement on September 27, 2007.

In the 2008 Report on Revenue Transparency of Oil and Gas Companies, Transparency International (TI) evaluates 42 leading oil and gas companies on their current policies, management systems and performance in areas relevant to revenue transparency in their upstream operations.

Statoil, the Norwegian oil company, has made an important contribution to the global effort for greater transparency of payments from the oil industry to governments, by publishing a breakdown of its tax payments to each country around the world.

Oil companies rarely disclose how much they pay to the governments of developing countries where they operate. The citizens of these countries have no reliable way of knowing how much oil revenue their government is receiving.