Research Handbook on Transnational Corporations
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Research Handbook on Transnational Corporations

Edited by Alice de Jonge and Roman Tomasic

Transnational corporations (TNCs) have moved to the forefront of regulatory governance both within states and in the international arena. The Research Handbook on Transnational Corporations provides expert background commentary and up-to-date insights into regulatory frameworks impacting on TNCs at global, industry and national levels. Written by global experts in their field, this unique collection of essays provides in-depth understanding of how the forces of globalisation affect the world’s largest corporations, and how those corporations, in turn, shape globalisation.
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Chapter 13: Risks and fiscal concerns in the extraction of natural resources: a study of transnational corporations in Papua New Guinea

Diane Kraal

Abstract

Transnational corporations (TNCs) dominate the extraction activities of high-value mineral resources in Papua New Guinea (PNG). The discussion covers how PNG’s scarcity of technical expertise and capital has affected its negotiating leverage with extractive industry TNCs. These TNCs have generally been in stronger positions when negotiating the fiscal terms of their operations with the PNG government. This chapter investigates the risks and the fiscal challenges for TNCs operating in the natural resource sector in the host country of PNG. It examines the importance of fiscal negotiations for formal agreements between a host country, which is endowed with natural resources, and extractive TNCs. The chapter contextualizes the extraction activities and taxation of a developing country, and the impact of institutions, including agencies such as the International Monetary Fund and other global financial bodies on host country policies.

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