Oxfam: the Netherlands third largest tax haven – NOS

the Netherlands takes the third place on a list that Oxfam Novib has been drawn up of the fifteen largest tax havens in the world. Only Bermuda and the cayman islands are higher on the rankings of the development organization.

Other European countries on the list are Switzerland on place four, Ireland on the sixth place, and Luxembourg on sept. The British Virgin islands, which recently, together with Ireland were linked to tax avoidance by European footballers, at the fifteenth place. Also Curaçao is on the list.

the research shows that the countries with no or low rates for corporation tax, unfair tax incentives to companies and not to contribute to international measures against tax avoidance. This will provide the countries, according to Oxfam, many opportunities for companies to tax dodge.

25 billion

It comes in the Netherlands to more than 25 billion in misplaced earnings of U.s. multinationals, says belastingexpert-based virtual Berkhout that the report of Oxfam also called. “The profits of these multinationals is not totally in proportion to the real presence in the country. They make use of postbusfirma’s,” explains Berkhout in the NOS Radio 1 Journaal.

In the building of a letter box company is often no staff or office. It is a subsidiary located abroad is to tax in their own country to dodge. Starbucks is an example of such a multinational company, that by the cut of the company in small BV’s, tens of millions of euros tax benefit.

Extreme inequality

Oxfam accuses the countries on the belastingparadijzenlijst developing countries by the large-scale evasion of billions in tax revenues go wrong. “The result is increasingly extreme inequality within countries and shortage of money to citizens in developing countries more chances on a better life,” says Berkhout.

The organization called on governments to work together to tax evasion to stop and the rates for corporate income tax not to reduce further. Would also like Oxfam that companies are obliged to be more transparent to work.