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Heavy Mittal? A State within a State: The inequitable Mineral Development Agreement between the Government of Liberia and Mittal Steel Holdings NV
This Global Witness report highlights the unbalanced nature of the MDA between Mittal Steel and the Government of Liberia. It is also a case study of a well-established pattern of behaviour by transnational corporations (TNCs) around the world: to maximise profit by taking advantage of a regulatory void, which allows TNCs to structure their trade and investment policies through capital flight and aggressive tax avoidance or tax reduction strategies.
