Open Data for Tax Justice; Your views on CBCR?

Published on 
10/29/2016

Our partners are setting a very exciting Open Data for Tax Justice project, for which your views are sollicitated!

"Tax Justice Network has, since its establishment in 2003, led the way in developing and promoting the idea of public country-by-country reporting (CBCR) for multinational companies. Open Knowledge International, who partnered with TJN in establishing Open Data for Tax Justice (#OD4TJ), are pioneers in using open data to achieve tangible policy results and human progress. The Financial Transparency Coalition (FTC) has championed public CBCR since its inception, as have many of our fellow FTC members including Christian Aid and Tax Justice Network-Africa.

There are now multiple requirements for CBCR from multinational companies, depending on the jurisdiction and industry sector, some fully public, and an OECD standard has been introduced which will require all multinationals of a certain scale to report privately to the tax authority in their headquarters country. It is critical that this data is used effectively, and seen to be so used.The next 2-3 years provide a window in which to confirm the value of CBCR; to move policymakers towards a global consensus on requiring public CBCR; and to establish a single format for reporting, to ensure lower compliance costs for business and more effective use of the data by civil society, media and tax authorities alike.  

As leading organisations in this field, we now propose to establish an open database, to include all publicly available CBCR data; to provide a venue for multinationals that wish to lead in transparency by publishing their data voluntarily; and to make the data, and core tools and risk measures, accessible to a wider audience.

It’s important that we have a wide range of views and voices feeding in to the process, to ensure the design meets the key user needs. To that end we are working on a range of channels. First among these is an international survey that we would urge as many people and organisations from around the world as possible to fill in.

Next week we will convene an international expert group meeting, to be followed in the coming months by data sprint/s and additional collaborative work to bring together open data, accounting and tax justice experts with the aim of delivering clear progress in four key areas:

  • First, a common format nesting all of the existing CBCR standards will be created.  
  • This will be used to construct, second, an open, online database into which researchers can enter new CBCR data as it becomes available, and which has the potential to become the main repository for public CBCR data, and the main source for future research and policy analysis.  
  • Third, we will create a number of tools and indicators of the misalignment of declared, taxable profit with the location of real economic activity; and the ability quickly to rank and compare across companies and across jurisdictions in order to identify priorities for further scrutiny.
  • Finally, the aim is to ensure the database is fully linked in with related projects including, crucially, to establish relationships with the increasing volume of beneficial ownership data available, including through potential partners such as OpenCorporates and Open Contracting.  

The intention is to obtain over time significant backing from a range of users including investor groups, reporting companies, civil society groups, tax authorities and policymakers. Please get in touch if you would like to be involved in any way, via Open Data for Tax Justice – and please do fill in the survey!"

Please also note several worth-mentioning upcoming events regarding this project:

  • On Monday 31st October and Tuesday 1st November, the OD4TJ coordinators are convening an expert workshop in Oxford to inform the design of a civil society-led country-by-country reporting database. Read the Tax Justice Network's one-page vision for an open country-by-country reporting database as well as an agenda for activities. Materials created at this event will be shared with all those on this mailing list
  • For those who can't sadly can't attend the workshop, we are collecting opinions from anyone with experience of using CBCR data or working on previous open data standards. Please fill in our survey at https://goo.gl/forms/JeaRS3Ezj6INMQBx2
  • On 2nd December, lecturers from the King's College London data journalism course are running a data hack event with members of the OD4TJ team to explore how journalists can make use of CBCR data, extractives data, clinical trial data and other sources
OD4TJ white paper
  • Following next week's expert workshop in Oxford, work will continue on the Open Data for Tax Justice white paper which is due to be published in December 2016
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