tax evasion

Tax Office Netherlands
Jul 25 '17 08:52

The Netherlands is the number one choice in the world for multinationals to funnel money into tax havens, according to a study done by researchers at the University of Amsterdam. The researchers concluded that 23 percent of capital flows through the Netherlands go towards tax havens, ANP reports.

Britain comes in second place with 14 percent, followed by Switzerland with 6 percent, Singapore with 2 percent and Ireland with 1 percent. Together these five countries account for nearly half of the money globally funneled towards tax havens. 

Mark_Rutte-6
Jul 7 '17 11:05

The G20 summit is starting in Hamburg today and the Netherlands is participating for the first time in seven years, at the invitation of German chancellor Angela Merkel. And while the Netherlands ispart in the summit, Prime Minister Mark Rutte and his delegation may face some uncomfortable questions, given the Netherlands' reputation as 'tax haven'.

2005-11-21_U2_@_MSG_by_ZG
Jun 12 '17 15:10

Rock bands The Rolling Stones and U2 don't have offices in the Netherlands for tax-evasion purposes, but because of the "specific experience and expertise" the country has to offer, their management said to an investigative committee on Monday, NU.nl reports.

Double decker train in Amsterdam
May 4 '17 08:29

Dutch railway company NS is circumventing the Dutch Tax Authorities using its subsidiary Abellio in Ireland, Trouw reported on Thursday. According to the newspaper, the Ministry of Finance previously instructed NS to stop these tax evasion practices.

Abellio set up an Irish company called Disa Assets Limited late last year, according to documents from the Irish Chamber of Commerce. NS used this company to fund trains for a tender on the German track. According to the newspaper, the sole purpose of this new subsidiary is to pay as little tax as possible.

Sushi
Apr 19 '17 14:30

The tax authorities investigative department FIOD arrested two persons in charge of a well known sushi chain in Rotterdam on Tuesday on suspicion of large-scale fraud, AD reports.

A criminal investigation was launched into the duo after a tax audit at one of the sushi restaurants revealed that data was deleted from the point-of-sale system. The tax authorities believe that this was done to skim revenue.

Skimming revenue in order to evade taxes is considered fraud. According to FIOD it distorts competition and harms tax payers.

Mossack_Fonseca_sign
Apr 19 '17 12:10

Even more Dutch are connected to the scandal than was previously known, according to a new investigation of the Papers done by Financieele Dagblad. According to FD, Dutch trust office Haags Juristen College (HJC) created over 200 partnerships for Dutch in Panama and Seychelles with constructions to hide assets.

Eric_Wiebes_2015_(1)
Apr 5 '17 09:01

State Secretaries of Finance Joop Wijn (2004), Frans Weekers (2011) and Eric Wiebes (2015) all agreed to make controversial tax deals with multinational corporations, and not tell other European countries about it, Trouw reports based on internal documents from the Ministry of Finance that were released last weeks. The documents show that Finanace officials internally warned for years of the possible consequences of such agreements.

American Express
Apr 4 '17 15:05

The American tax authorities IRS ordered American Express to hand over information about Dutch customers, Bloomberg reports. This was done at the request of the Netherlands, which suspects that some American Express credit card holders are engaged in tax evasion. AmEx has to hand over information about Dutch customers who had American Express cards linked to bank accounts outside the United States and outside the Netherlands between 2009 and 2016, according to the news service.

 crime scene tape
Mar 31 '17 10:10

The Dutch tax authorities' investigative service FIOD received details of 3,800 Dutch with hidden assets and savings in Swiss bank accounts from an anonymous source, AD reports. Based on this information, FIOD launched an international hunt for Dutch tax evaders on Thursday.

According to the Tax Authorities, the details about hidden assets in Swiss bank accounts can be compared to the Panama Papers that leaked last year. All 3,800 Dutch-linked accounts are with one Swiss bank, which the Dutch authorities would not name.

Jan 10 '17 09:09

According to PvdA leader Lodewijk Asscher, the free movement of workers in the European Union - one of the EU's core values - has become a "business model for lwo wages". He calls on his European colleagues to put a stop to his by limiting labor migration in the EU, the Volkskrant reports.

Jeroen_Dijsselbloem_2015_(1)
Jan 5 '17 15:35

PvdA Minister Jeroen Dijsselbloem thinks corporate income tax should increase in the next government's term, he said in an interview with newspaper AD. According to him, this is needed to "restore the balance between ordinary Dutch and international companies, and between workers and the wealthy". This is remarkable because he previously, as Minister of Finance, said that the profit tax can gradually be lowered. 

Dec 12 '16 10:02

The Netherlands is the biggest tax haven in the European Union and the third biggest in the world, according to Oxfam Novib's list of the 15 biggest tax havens in the world. Worldwide, only Bermuda and the Cayman Islands are ranked higher on the development organization's list, NOS reports.

Other EU countries in the top 15 list include Switzerland on 4th place, Ireland in 6th and Luxembourg on 7th position. Curacao is the 8th biggest tax haven in the world. And the British Virgin Islands made it to 15th place.

1280px-Starbucks_Coffee_Mannheim_August_2012-1280x575
Dec 7 '16 15:20

The Netherlands is still making secret tax deals with multinational companies, according to an European report on which Dutch research foundation SOMO worked. The Netherlands remains one of the ost important countries in Europe when it comes to tax evasion, the report states according to ANP.

Last year the Netherlands made 236 secret tax deals. That means that the country is 3rd in Europe in the number of secret tax deals made with multinationals last year. Only Belgium and Luxembourg made more.

1280px-Philipsburg_Tourist_Market_St._Maarten
Nov 29 '16 13:45

A in the Caribbean part of the Netherands, is gaining steam. On Monday the team raided a number of properties on Sint Maarten and arrested a 35 year old man. He is suspected of money laundering, forgery and tax evasion, the Volkskrant reports.

Klaver.jpeg
Sep 7 '16 09:21

GroenLinks will focus on an ambitious climate policy, stopping tax evasion by large multinationals and getting rid of the existing inequality in the Netherlands, party leader Jesse Klaver promised in his party's election campaign presented in a packed Melkweg in Amsterdam on Tuesday night, NRC reports.

KNVB
Sep 7 '16 07:57

Dutch football association KNVB wants to kick amateur clubs caught committing tax fraud out of the league, Jan Dirk van der Zee, director of amateur football at the KNVB, said in a broadcast of Zembla on Wednesday

Mark Rutte in his office (Source: Wikimedia/ATX-NL)
Aug 29 '16 10:09

A group of 80 technology companies from Silicon Valley in the United States wrote Prime Minister Mark Rutte a letter in May warning him of the consequences a deterioration in the Netherlands' tax climate will have, the Financieele Dagblad reports. The companies fear that a tougher approach from the Netherlands on multinational companies' tax avoidance will make the country less attractive for U.S. investors.

Mossack_Fonseca_sign
May 10 '16 12:10

On Monday night the details of 214 thousand companies and their tax havens were published online in by journalist investigation collective ICIJ. All these details came from the Panama Papers. A total of 322 addresses in the Netherlands were named, 52 of which are located in Amsterdam

Apr 14 '16 09:03

Central American companies annually funnel millions of dollars through the Netherlands in an effort to avoid tax. The Netherlands route is particularly popular with wealthy Mexicans and Ecuadorians who use complex tax structures to get their money out of the country. These structures are often technically legal, but "sometimes illegal", according to Trouw and the Financieele Dagblad based on the Panama Papers.

microsoft
Apr 14 '16 08:42

The 50 largest American companies funneled some 1.3 trillion dollars through tax haven. A significant portion of that went through the Netherlands, newspaper AD reports based on a new report from Oxfam America.

Eric_Wiebes_2015_(1)
Apr 13 '16 11:19

Finance State Secretary Eric Wiebes is calling on tax evaders to turn themselves in to the Tax Authorities. And to give them some encouragement to do so soon, the fine imposed on tax evaders who turn themselves in will double as of July 1st. "The longer you wait, the more expensive it gets", Wiebes said.

Apr 12 '16 11:35

European Union States decided to tone down the language used in the European Commission's proposals on reducing tax evasion by multinationals

Mossack_Fonseca_sign
Apr 11 '16 09:21

A majority in the Tweede Kamer, the lower house of Dutch parliament, wants to hold a parliamentary inquiry to gain more information on what is going on in the Panama Papers. The parliamentarians want to know more about tax structures that run through the Netherlands.

Apr 11 '16 08:44

Using foreign subsidiaries, ABN Amro helped hide the fact that private clients own companies in tax havens, Trouw and the Financieele Dagblad reports based on the Panama Papers.

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