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The Centre for Research on Multinational Corporations (SOMO) is an independent, not-for-profit research and network organisation working on social, ecological and economic issues related to sustainable development. Since 1973, the organisation investigates multinational corporations and the consequences of their activities for people and the environment around the world. More...

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The EU proposal for a Capital Market Union: The forceful comeback of the bankers

The EU proposal for a Capital Market Union: The forceful comeback of the bankers

Feb 10, 2016

Join the discussion by Real World Economics, March 7th @Crea in Amsterdam - While the public debate is currently dominated by immigration issues and culture wars, the lobby machinery of the financial industry has steadily been gaining ground in the EU. The Commission’s launch of a Green Paper in 2015 for a Capital Market Union (CMU) shows that the window of opportunity to re-regulate finance has now definitely been closed.

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Glass Half Full?

Glass Half Full?

Jan 27, 2016

A new report launched today documents the hurdles communities and workers face in obtaining remedy from development banks whose projects cause them harm. The 11 civil society organizations that authored the report, Glass Half Full? The State of Accountability in Development Finance, call on development banks and the governments that run them to strengthen their systems for providing remedy to those harmed by the activities financed by the banks.

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ActionAid and SOMO reveal billion dollar tax break benefiting Shell, Total and Eni

ActionAid and SOMO reveal billion dollar tax break benefiting Shell, Total and Eni

Jan 19, 2016

Oil giants Shell, Total and Eni have received $3.3 billion in tax breaks in Nigeria in connection with the country’s largest gas extraction project, according to ActionAid and SOMO in a new report on taxation in developing countries. Shell received the largest chunk of the tax breaks, totalling $1.7 billion.

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Debate: Paradise Lost? The Netherlands as Tax Haven

Debate: Paradise Lost? The Netherlands as Tax Haven

Jan 18, 2016

Why does the Dutch Tax Revenue Service want our money so badly, but not Starbucks’s? On 26 January we are going to debate this very issue – tax avoidance and the role of the Netherlands – in the Balie. Ester van Rijswijk will moderate a panel discussion by such experts as John Christensen, Paul Tang, Christiaan Vosen, Anna Gunn and Jan Kleinnijenhuis to outline the problems and the possible solutions.

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Living with war every day

Living with war every day

Jan 14, 2016

Wars and conflicts continue to destabilise large parts of the world. In 2014, there were more than 400 political conflicts. This includes 21 full-fledged wars, spread over the entire world, but concentrated in the Middle East, the Maghreb region and Sub-Saharan Africa. Worldwide, 55 million people fled their homes – as refugees or as internally displaced people. The result is that more and more businesses are currently operating in fragile and conflict-affected areas – either because they were already operating in a country when a conflict broke out, or because they arrived in a country that was already engaged in a conflict or during the post-conflict phase because they see opportunities for business. A new SOMO paper focuses on these risks and challenges, and offers recommendations on how to reduce business-related human rights violations in conflict-affected areas.

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