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Fool's Gold (Eldorado Gold)

How Canadian mining company Eldorado Gold destroys the Greek environment and dodges tax through Dutch mailbox companies

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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Authors R. van Os
McGauran, K.
I.D.J. Römgens
I. Hartlief
Type Report
Date March 2015
Theme Economic Justice
Extractives & Mining
Financial Sector / Financial Reform
Tax Justice
Companies Eldorado Gold
organisation SOMO
Mining Watch Canada
Mining Watch Romania
Hellenic Mining Watch
PressProject
Countries Netherlands
Greece
Barbados
Regions Europe
Americas
Programs

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