ECCR and Christian Aid joint submission on country-by-country reporting by extractive industries

July 2010

Christian Aid and ECCR  have made a joint submissi­on to the International Accounting Standards Board (IASB) consultation on a country-by-country financial reporting standard for the extractive industries (oil, gas, mining). The importance of country-by-country reporting is increasingly recognised – most recently in the new US Dodd-Frank Wall Street Reform and Consumer Protection Act.

­Our submission argues that a fully mandatory and comprehensive standard will increase companies’ accountability to governments and investors by combating aggressive tax avoidance, corruption and non-disclosure of risk, and will support the public interest by enabling civil society in developing countries to better monitor payments to governments as advocated by the Publish What You Pay coalition.­

Joint submission (pdf)