Tax Transparency in the Energy Sector
Article from: OGEL 4 (2015), in Taxation
Abstract
Several questions have underpinned the quest for more tax transparency in the energy sector. These have included 'what have governments been paid'; 'are host countries getting a fair share'; and 'how are revenues from the resources sectors distributed'. This article discusses the recent shift in the tax transparency agenda from the Extractive Industry Transparency Initiative (EITI) to a new regulatory approach led by the governments of Western home countries, including Chapter 10 of the EU Accounting Directive. It argues that the voluntary approach of the EITI has been successful in ...