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/

BREAKING: Telenor has been charged by the Norwegian Ministry of Justice with complicity in crimes against humanity for sharing sensitive user data with the Myanmar military junta following the 2021 coup. ✊ Justice is now one step closer. www.ft.com/content/4b9a... (1/2)

Telenor charged with aiding crimes against humanity in Myanmar

Norwegian authorities say telecoms group handed sensitive customer data to military junta in wake of 2021 coup

ft.com

Shell’s Bahamas trading office made $6.2 billion in profit from 2018 to 2023 with just 37 staff and a 0% tax rate. Leaked data analysed by SOMO and Leiden University reveals that is 104 times more profit per employee than Shell’s average, achieved by routing standard crude oil through a tax haven.

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 · 2mo 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