The FT has covered the decision of the International Accounting Standards Board to engage with Publish What You Pay. Barney Jopson at the FT has got his head round this issue, and has written a really good report. I’d recommend reading it here.
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[...] As I’ve argued for the Publish What You Pay coalition and for the Tax Justice Network, what is needed in addition to existing segment reporting standards is country-by-country reporting by multinationals. As I reported last September, the IASB have accepted the need to set up a working party to look at this proposal, but I’ve got to say they’re dragging their feet on the issue, which is not encouraging. [...]
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