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

• 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’s 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

Written by: Richard Murphy, rewritten and adapted by Frian Aarsnes

ISBN 978-82-93212-09-6

Publication date: November 2013