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Article

1 Dec 2014

Author:
New Dawn (Liberia)

Head of Liberian EITI says extractive companies failing to disclose taxes, revenues risk sanction

'Companies risk sanction', 1 Dec 2014: The Head of Secretariat of the Liberia Extractive Industries Transparency Initiative or LEITI, Konah D. Karmo, has warned here that public disclosure of taxes and revenues from the extractive sectors is a legal requirement, and companies and government agencies failing to comply with this requirement will be sanctioned in accordance with the law...The LEITI boss sounded the warning at...a one-day technical workshop aimed at enhancing effectiveness in the preparation of the 6th EITI Report for Liberia...The technical workshop allowed representatives from...companies in the extractive sectors and relevant government agencies to review and modify existing LEITI reporting templates...[and] to identify and seek remedies to several challenges affecting the reporting process...