sharing in governance of extractive industries
Falling commodity prices will certainly produce winners and losers. The trick will be to spot the opportunities and seize them.
To my mind, falling prices offer an excellent opportunity for governments to reframe expectations around natural resource discoveries. These discoveries often trigger unrealistic expectations, which can rapidly generate political or social problems. When people expect to get rich quick but don't, then either they are disappointed or they search for antisocial…Continue
Note to tax officials around the world: if you want more tax revenue, take a closer look at Switzerland, where a massive commodity trading sector may be fuelling illicit (untaxed) financial flows worth billions of dollars each year.
Better known for its picturesque mountains, Switzerland has by far and away the world’s largest commodity trading sector (link), now accounting for more than a third of the world’s…Continue
GENEVA, Switzerland, February 3 – With high-level policy makers and business people gathering in Cape Town for this year’s African Mining Indaba, the Africa Progress Panel calls on the political and business leaders of Africa’s extractive industries to ensure a fairer deal for the communities affected by their work.
We recognise and welcome the effort being made by some companies to become more transparent with their tax payments, to develop local capacity, jobs, and business, and…Continue
GENEVA, Nov 26 – Investment, tax, remittances, and aid will all be on the agenda when African thought leaders meet in Geneva to discuss how Africa can raise more and cheaper finance for inclusive and sustainable growth, the Executive Director of the Africa Progress Panel (APP) said on Tuesday.
Organised by the Africa Progress Panel, which is chaired by…Continue