The Netherlands in top 20 of tax haven rankings
Countries receive this biennial ranking based on their legal and financial systems and can be used by individuals and companies to hide assets and launder money. The researchers argue that the Netherlands is doing worse than notorious paradises such as the Cayman Islands and Cyprus.
Addressing lack of transparency in the field of “final search”. Secrecy on this particular point helps the wealthiest individuals, the custom, and corporations to hide their assets. In the Netherlands, occurrences such as the freezing of assets and the initiation of transactions can be avoided because there is insufficient insight into the needs. Also, the owner of a company based in the Netherlands is often not easy to create, according to the research.
“The problems with the supervision and enforcement of, for example, Russia reveal why the Netherlands scores so high on the new tax list,” says Milou Geuns, tax expert Oxfam Novib, in the report.
Arnold Merkies, coordinator of Tax Justice Netherlands, in the investigation.