CONTACT US

For any general inquiries, please fill in the following contact form:

Our websites never use cookies or other technologies such as pixel tags and web beacons. We only retain personal information when the contact section of our websites is filled. To proceed and get in touch with us through this format please read our Terms & Conditions, updated to be in line with the provisions of the GDPR, and tick this box to consent in us retaining the above information for contacting purposes only.

SUBMIT

Dutch add Guernsey, Belize and Isle of Man to tax evasion blacklist

Dutch add Guernsey, Belize and Isle of Man to tax evasion blacklist

The Dutch finance ministry is expanding its official list of places it considers to be involved in tax evasion by a further 16 low tax jurisdictions, including the islands of Guernsey and Jersey, the Isle of Man, and Belize. All the countries on the Dutch list levy a tax on corporate profits of 9% or less, the ministry said in a statement. The additions bring the total on Dutch blacklist to 21.

‘By drawing up our own, tough blacklist, we are showing again that we are serious in our battle against tax evasion,’ junior tax minister Menno Snel said in a statement. ‘And this is just one of the measures we are taking.’

The official EU blacklist of countries considered to facilitate tax evasion comprises five countries as of November 2018: American Samoa, Guam, Samoa, Trinidad and Tobago and the US Virgin islands.

Other measures the Dutch finance ministry plans to introduce to reduce tax evasion through the Netherlands include a tax on royalties and a crack down on the shell company industry. From next year, companies applying for an advance tax ruling will have to have ‘substantial economic activities’ in the Netherlands, rather than just a letter box. In addition, the amount of money flowing through the company must be in line with its activities in the Netherlands.

Source: https://www.dutchnews.nl

MORE NEWS

Bankers should pay their fair share of tax for society’s sake

Bankers should pay their fair share of tax for society’s sake
The fact that more than 3,500 UK-based bankers earn over €1m, at a time when callous austerity policies are still causing hardship and the ...

EU disapproves tax exemptions in Madeira

EU disapproves tax exemptions in Madeira
The European Commission has criticised the tax exemptions granted by Portugal to companies established in the Madeira Free Zone (ZFM).“It is...

When Elon Musk Tried to Destroy a Tesla Whistleblower

When Elon Musk Tried to Destroy a Tesla Whistleblower
It started with a Twitter meltdown and ended with a fake mass shooter. A former security manager says the company also spied and spread ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA