SOMO - Centre for Research on Multinational Corporations

@somoamsterdam.bsky.social

🔎 Non-profit investigating multinationals. 🎯 Critical, independent, and factual. 🌍 Mission: a world where people & planet > profit! 💻 More info at https://www.somo.nl/

How did Shell make $6.2 billion through an office with just 37 employees? Leaked financial reports and research by SOMO reveal how the oil giant shifted profits through the Bahamas and other tax havens, potentially depriving countries of billions in tax revenue.

Shell shifted billions in profits to tax havens, leaked files reveal

Leaked financial reports show how Shell moved profits through tax havens such as the Bahamas and Switzerland – potentially depriving developing nations of hundreds of millions of euros. While some of ...

ftm.eu

Exposed: the tax loophole hiding in plain sight that's helping companies avoid corporate tax. 🤑 The Shell Files - a cache of confidential documents - show how Shell can use the loopholes and limitations of global tax rules to its advantage. Full analysis: www.somo.nl/the-shell-fi...

The Shell Files - SOMO

Exposing the tax loophole hiding in plain sight that's helping companies avoid corporate tax.

somo.nl

Mistral and Microsoft have just announced a "new multibillion-dollar agreement focused on expanding AI infrastructure in Europe". A reminder that firms like Mistral are pitched as national champions with then potential to challenge Big Tech. Yet, they depend on them 👉 www.somo.nl/the-real-win...

The real winners of the AI Race : Amazon, Google, Microsoft - SOMO

Who really profits from the 'AI race'? Amazon, Google, and Microsoft own the AI infrastructure, and startups are dependent on Big Tech firms.

somo.nl

DatacenterDynamics@dcdnews.bsky.social · 2w ago

Excellent work by @somoamsterdam.bsky.social: ‘The Netherlands-Israel Investment Files’ series explores how the Netherlands became Israel’s investment clearing house. -> File 2: Indefensible: Dutch support to Israeli arms manufacturers www.somo.nl/indefensible...

Indefensible: Dutch support to Israeli arms manufacturers - SOMO

Two of Israel’s largest weapons manufacturers are using the Netherlands as their base to invest in Europe. Read more.

somo.nl

The Netherlands is the largest destination for Israeli investment abroad, our new investigation reveals 🚨 
 Could it be because the Dutch system allows corporations to avoid taxes when they invest in other countries via the Netherlands, often using letterbox companies? www.somo.nl/flag-swappin...

Flag swapping capital: a Dutch investment service - SOMO

The Netherlands is the world’s biggest recipient of Israeli foreign investment and the second largest source of investment into Israel. Read more.

somo.nl

Communities are pushing back against Europe’s rush for critical minerals ✊ They warn that the EU's fast-tracked approach under the Critical Raw Materials Act is threatening environmental protection and communities' rights, and limiting public scrutiny. Full analysis: www.somo.nl/the-legal-pu...

The legal pushback against Europe's critical minerals rush - SOMO

Lessons from the first legal challenges to the EU’s fast-tracked mining projects The EU is fast-tracking mining projects in the name of the energy transition, competitiveness, and supply security. But...

somo.nl

Can a bank pretend it cares about sustainability and invest in Elon Musk's SpaceX? 🤔 That's what Dutch bank ING is doing, as it's involved in SpaceX IPO out this week. Meanwhile, SpaceX is tricking the system to get away with a fantasy valuation. Read our opinion: www.somo.nl/ings-dubious...

ING’s Dubious Role in Musk’s SpaceX IPO - SOMO

ING is one of the banks helping Elon Musk’s SpaceX go public, in what is expected to be the largest initial public offering (IPO) in history. But for a bank that presents itself as a champion of susta...

somo.nl

When it comes to AI, the EU simply has to stop buying into self-interested corporate narratives around the AI Race – whether they come from the US or the EU – as synonymous with the public interest, writes Margarida Silva.

Why “Made in Europe” Won’t Fix AI’s Deeper Problems

The EU's drive to embed AI everywhere, all of the time, risks significant costs for the environment, public budgets, and workers, writes Margarida Ramos.

buff.ly

Dutch media reported that Microsoft shared the names of civil servants with the US Senate Committee prodding into the EU's platform rules. Another reminder that Microsoft and co. have no qualms about complying with the Trump administration. It is time to dump Big Tech. nos.nl/artikel/2615...

Techbedrijven deelden namen Nederlandse ambtenaren met VS: 'Ontzettend zorgelijk'

Het gaat om ambtenaren die betrokken zijn bij de handhaving van Europese regels om techplatforms te reguleren. De Amerikaanse overheid ziet die regels als censuur.

nos.nl