Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Business
Crime
Panama Papers
Small and Medium sized Enterprises
SME
tax evasion
tax havens
Tuesday, 5 April 2016 - 11:04
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Many Netherlands small businesses use tax havens

Many Dutch small and medium sized businesses set up a company in a tax haven through a Panamanian intermediary. At least 200 offshore companies linked to the Netherlands were active at then end of 2015, Dutch newspaper Trouw reports based on investigation into the Panama Papers. Having an offshore company in a tax haven is not illegal, as long as the stakeholders report their assets to the Tax authorities. It is unclear whether the customers of Panamanian company Mossack Fonseca, where the Panama Papers originated, did so. According to Jan van Koningsveld, former inspector at the tax authorities' investigative department FIOD, Dutch businesses can hide much information from the tax authorities through tax structures run through, for example, the Virgin Islands. "A corporate partnership on the British Virgin Islands is exempt from tax. The result is that the local tax authority itself has little to no information, and can therefore only share limited information internationally." Earlier on Tuesday the newspaper revealed that hundreds of Dutch are mentioned in the Panama Papers, including former football player Clarence Seedorf.

Follow us:

Latest stories

  • Council of State advises against criminalizing gay conversion therapy
  • Cabinet may use Lelystad Airport, empty churches to shelter asylum seekers & refugees
  • More hospitals, cybersecurity firm also targeted in pro-Russia cyberattack
  • Parliamentary inquiry on Groningen gas earthquakes didn't restore locals trust in gov't
  • Amsterdam to Barcelona night train wins support from European Commission
  • Four men convicted in 1985 gas station cashier murder may have made false confessions

Top stories

  • Cabinet may use Lelystad Airport, empty churches to shelter asylum seekers & refugees
  • Netherlands named 8th least corrupt nation in annual review, but issues remain
  • Dutch human rights institute critical of “disproportionate” arrest of climate protesters
  • Regions outside Randstad against limiting international students
  • Rutte, Macron and Biden not yet ready to give Ukraine F-16 jets
  • Housing construction at highest level in decade; Still 26% below gov't target

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content