Germany announces full EITI implementation

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Germany announces full EITI implementation

germ-brandenburg-large.jpg

The German government has committed to prepare for the full implementation of the Extractive Industries Transparency Initiative (EITI).

The EITI standard seeks to ensure appropriate and transparent management of natural resources. The standard requires companies in the extractive industries to disclose what they have paid in taxes and governments to disclose what they have received.

Uwe Beckmeyer, parliamentary state secretary at the Federal Ministry for Economic Affairs and Energy, has been appointed special representative for D-EITI (as the standard is known in Germany).

“Germany has been a long-time supporter of the EITI going right back to the early days of 2003, and has contributed politically and financially to the development and outreach of the standard in developing countries and emerging markets worldwide,” said Beckmeyer.

Germany is not among the major mining nations for which the initiative was originally created – mining accounts for less than 1% of GDP – but Beckmeyer said the widespread acceptance and strengthening of the EITI standard is in Germany’s “strategic interest”. He references Germany’s role within the G7 and commitments in the area of transparent management of natural resources across borders in this regard.

Germany will align the national EITI implementation with EU regulations on accounting and transparency, and has signalled an intention to “go beyond transparency”.

“We want to apply the EITI’s successful multi-stakeholder governance model to create new partnerships across stakeholder groups in the natural resource sector,” said Beckmeyer.

Clare Short, chairwoman of the international EITI board, welcomed the German decision, adding that she hoped this development would lead to others taking up the initiative.

“I hope this German leadership will be followed in Eastern Europe, not least in countries that have significant energy transit and production,” said Short.

more across site & shared bottom lb ros

More from across our site

The partnership model was looking antiquated even before the UK chancellor’s expected tax raid on LLPs was revealed. An additional tax burden may finally kill it off
The US’s GILTI regime will not be forced upon American multinationals in foreign jurisdictions, Bloomberg has reported; in other news, Ropes & Gray hired two tax partners from Linklaters
APAs should provide a pragmatic means to agree to an arm's-length outcome for an Australian entity and for the ATO, the tax authority said
Overall revenues and average profit per partner also increased in the UK, the ‘big four’ firm revealed
Increasingly complex reporting requirements contributed towards the firm’s growth in tax, it said
Sector-specific business taxes, private equity tax treatment reform and changes to the taxation of non-residents are all on the cards for the UK, authors from Herbert Smith Freehills Kramer predict
The UK’s Labour government has an unpopular prime minister, an unpopular chancellor and not a lot of good options as it prepares to deliver its autumn Budget
Awards
The firms picked up five major awards between them at a gala ceremony held at New York’s prestigious Metropolitan Club
The streaming company’s operating income was $400m below expectations following the dispute; in other news, the OECD has released updates for 25 TP country profiles
Software company Oracle has won the right to have its A$250m dispute with the ATO stayed, paving the way for a mutual agreement procedure
Gift this article