{"id":6934,"date":"2010-05-24T11:45:55","date_gmt":"2010-05-24T09:45:55","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/2010\/05\/24\/hong-kong-requires-country-by-country-reporting-for-extractive-sector-companies\/"},"modified":"2010-05-24T11:45:55","modified_gmt":"2010-05-24T09:45:55","slug":"hong-kong-requires-country-by-country-reporting-for-extractive-sector-companies","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/05\/24\/hong-kong-requires-country-by-country-reporting-for-extractive-sector-companies\/","title":{"rendered":"Hong Kong requires country-by-country reporting for extractive sector companies"},"content":{"rendered":"<p>The Hong Kong stock exchange has changed its listing rules for extractive sector companies.<\/p>\n<p>The <a href=\"http:\/\/www.hkex.com.hk\/eng\/rulesreg\/listrules\/mbrulesup\/Documents\/mb96_miner.pdf\" target=\"_blank\">new rules say<\/a>:<\/p>\n<blockquote>\n<p>18.05 (6) if relevant and material to the Mineral Company's business operations, information on the following [must be disclosed]:-     <\/p>\n<p>(c) compliance with host country laws, regulations and permits, and payments made to host country governments in respect of tax, royalties and other significant payments on a country by country basis;<\/p>\n<\/blockquote>\n<p>That makes Hong Kong the first stock exchange in the world to require country-by-country reporting.<\/p>\n<p>Congratulations to Vanessa Herringshaw, all at Revenue Watch and Publish What You Pay who have worked so hard on this dimension of <a href=\"http:\/\/www.financialtaskforce.org\/2009\/06\/17\/country-by-country-reporting-holding-multinational-corporations-to-account-wherever-they-are\/\" target=\"_blank\">country-by-country reporting<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hong Kong stock exchange has changed its listing rules for extractive sector companies. The new rules say: 18.05 (6) if relevant and material to<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/05\/24\/hong-kong-requires-country-by-country-reporting-for-extractive-sector-companies\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79],"tags":[],"class_list":["post-6934","post","type-post","status-publish","format-standard","hentry","category-country-by-country"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=6934"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6934\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=6934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=6934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=6934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}