Fool’s Gold (Eldorado Gold)

A new SOMO report reveals that Greece’s economic recovery is being undermined by large-scale tax avoidance – enabled by the Netherlands. At the same time, Greece endures harsh austerity measures imposed by the European Commission, European Central Bank and IMF which are supported by the Netherlands.

The report, Fool’s Gold, reveals that Canadian mining company Eldorado Gold uses mailbox companies in the Netherlands to avoid taxes in Greece. This has led to tax losses of at least € 1.7 million for Greece in the past two years. There are also serious environmental and human right concerns related to the company’s operations.

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Fool’s Gold on YouTube(opens in new window)

Read the story about Eldorado Gold online

Fool’s Gold story on SOMO Read

Download the research data

Annual accounts(opens in new window) :

1. Eldorado Gold Corporation (parent company)(opens in new window)
2. Eldorado Golds Dutch subsidiaries(opens in new window)
3. Eldorado Golds Greek subsidiary Hellas Gold SA
   

Company presentations(opens in new window)

Company responses to allegations(opens in new window)

Glory Resources takeover (Sappes and WayLake projects)(opens in new window)

Revenue loss calculations(opens in new window)