In addition, the rightful benefits in terms of revenue often go abroad (sometimes to tax havens), aided by the fact that extractive industries are often not required to disclose their profits on a project-by-project basis. The public revenue generated through taxes on the sector remains well below potential; the revenue secured by many resource-rich countries is very low in relation to the value of exports.
Legal status
Non-negotiated soft law
Body
Special Rapporteur on extreme poverty and human rights