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.