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Papua New Guinea

Stopping Companies’ Tax Evasion And Illegal Logging

By Frederic Mousseau for Righting Finance - The Panama Papers have helped expose how politicians, criminals and corporations around the world hide their cash and avoid taxes. In Papua New Guinea (PNG), foreign owned logging companies are profiteering, using some of the same tricks. Recent research by the Oakland Institute revealed that most logging companies operating in the country are not paying corporate tax. Despite decades of operations and the country being today the largest exporter of tropical timber in the world, logging companies barely declare any profit.
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