Such a probe needs to be focused and designed to reform case examine answer present agreements and to mandate an annual reporting by mining companies of capital expenditures, revenue, taxes and costs and company funded group applications. Such a demand will make certain public scrutiny of contracts and agreements with case examine answer common public greater able to computer screen compliance and ward off case look at answer signing by politicians and bureaucrats of such catastrophic agreements, as case study solution 2004 First Amendment Agreement. According to case examine answer First Amendment Agreement dated February 4, 2004 among case examine solution executive of Sierra Leone GOSL and Sierra Rutile Limited, case examine solution executive assigned to SRL “all its rights, identify and attention in, to and under case examine answer future PAYE taxes due from SRL to case examine answer GOSL in an quantity not exceeding 37 million US dollars. In attention for case look at answer foregoing assignment, SRL agreed to move as much as a 30% fairness attention in Sierra Rutile Holdings Ltd to case look at answer GOSL inside of 60 days of case study solution end calendar year setting out on April 1, 2005, equal in cost to case examine solution PAYE amounts amassed all over such calendar year”. According to case examine answer company’s financial statements, as of December 2007 and 2008 only a total of 2,466 stocks were transferred and PAYE accumulated for case look at answer year in Sierra Rutile Limited amounted to 1,840,000 USDone million eight hundred and forty thousand dollars and in 2007 USD1,288,000 1,000,000 2 hundred and eighty eight. The above assignment in lieu of PAYE taxes led to GOSL obtaining a 2.

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