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Article

1 May 2010

Author:
DanWatch & Concord Danmark

[PDF] Golden Profits on Ghana's Expense - An example of incoherence in EU policy

The EU has committed to ensure that its various policies do not undermine social and economic progress in developing countries...However European policy on taxation of multiunational corporations shows an example of a crucial gap between intentions and reality. Multitnational mining corporations use aggressive tax planning and trade mispricing to avoid paying taxes in African countries...This means that money which could have been spent on the development of poor African mining countries is just creating even bigger profits for the large international mining corporations. [refers to AngloGold Ashanti]

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