Extractive Industries Transparency Initiative (EITI) on the right track: let's go further and faster
Article from: OGEL 1 (2005), in Taxation
Introduction
There are three critically important principles that are embedded in the Extractive Industries Transparency Initiative (EITI) criteria. First, payments by extractive companies, and receipts by governments, must be independently verified and published, and there must be a mechanism for identifying any discrepancies arising in the figures. If the information that EITI generates is not independent and credible, EITI implementation will fail: it might even become a diversionary process to avoid real reforms. Second, EITI cannot be controlled by governments and ...