Piloting a way to oil sales transparency

Ghana is showing the way to bring more transparency to the selling and buying of crude oil, transactions that bring governments and companies billions of dollars every year. Ghana EITI has recently published on its website (see here) the results of a pilot project to enhance transparency of oil sales in the country.  We, Engaged Consulting and Michael Barron Consulting, carried out the pilot project.  

Country-by-country reporting - OECD issues updated guidance

Action 13 of the OECD’s BEPS project introduced country-by-country reporting (CBCR). Since then, the OECD have issued guidance on interpretation of the requirements, and the latest guidance was issued in September 2018. 

The latest guidance (in fact an update and expansion of the previous guidance) focuses on three new areas - treatment of dividends, shortened amounts (rounding) and employee numbers.