Australia’s main opposition party committed publicly to introduce reporting on payments to governments
All EU Member States have implemented the Accounting and Transparency Directive
Hundreds of Canadian and EU companies have published “payments to governments” reports for the first time
In the past year, as a result of PWYP campaigns, the number of publicly available “payments to governments” reports – as a result of mandatory disclosure laws in Canada, the EU and Norway – increased from around 100 to more than 500. Draft legislation is progressing in Switzerland and Ukraine.
Australia’s main opposition party, the Labor Party, committed in 2017 to introduce a mandatory disclosure law if elected – the result of coordinated efforts among PWYP members and civil society, including a high-profile report by PWYP Australia, highlighting the need for Australian companies to disclose more data. Members also spoke to a Senate inquiry, stressing the need for transparency.
Both PWYP South Africa and key members and allies in India have identified mandatory disclosure as a priority for the coming years. Members in both countries are developing a detailed strategy to make “payment to government” reporting a reality.
The new US administration presented significant challenges to mandatory disclosure reporting. The US Congress used little-known legislation to reverse the Securities and Exchange Commission’s strong reporting rules of 2016. Representatives also launched efforts to repeal the USA’s flagship mandatory disclosure legislation – Section 1504 of the Dodd-Frank Act (the “Cardin-Lugar provision”).