Civil society actors fighting for better resource governance must engage with reformers in government and business and speak “truth to power” with those parties hampering progress, NRGI president and CEO Daniel Kaufmann tells RAW Talks.
In 2016, tax collection from Peru’s mining sector was negative. In other words, the government returned more money to miners than these companies paid in taxes paid. The result was that the collection was approximately negative USD 250 million. How did this happen?
¿Sabías que en el 2016 la recaudación de impuestos del sector minero de Perú fue negativa? Es decir, ese año el gobierno le devolvió al sector más de lo que pagó en impuestos. El resultado final fue que la recaudación fue de -755 millones de soles. ¿Por qué sucedió esto?
Resource-rich countries tend to experience slower economic growth and more social problems than do less-endowed countries—a phenomenon dubbed the “resource curse.” But it turns out that in many cases, economic growth begins to underperform long before the first drop of oil is produced; this we call the “presource curse.”
It is strange that commodities trading payments—often the largest payments companies make to government entities—are not covered by EU, Canada or Norway mandatory disclosure laws. The laws apply only to companies that physically engage in extraction of resources.
Everyone knows that implementation of commitments is at the core of the Open Government Partnership’s mission for transformational reforms. However, more than a third of commitments reviewed to date by the Independent Reporting Mechanism have not been implemented.