Blogs

IRC adds more financial crimes to logging companies’ charge sheet

Papua New Guinea’s Internal Revenue Commission says the logging industry is “one of the most delinquent sectors insofar as tax compliance is concerned“.

The logging companies are guilty of “egregious” transfer pricing, “entrenched” tax evasion and “deceptive behaviour” says the IRC (see the full IRC statements below).

Global Brands Back Moratorium on Seabed Mining

Source: Pacifik Environews

Four leading global companies have announced their support for a global moratorium on deep seabed mining. Initiated by BMW Group and WWF, and signed by Samsung SDI, Google and Volvo Group, the companies join the increasing chorus of concern about the significant risks to economies and to ocean health that would arise from opening up the seabed to extraction of minerals.