Brussels, 26/10/2011 (Agence Europe) - Several non-governmental organisations have given a warm welcome to the European Commission proposals to increase transparency in the area of the payments made by the extractive and logging industries to governments all over the world (EUROPE 10463) by introducing a system of country-by-country reporting (CBCR) on the taxes, royalties and bonuses paid worldwide. According to these NGOs, this initiative constitutes a first step but there is a risk that...