22 billion a year in the Netherlands to tax havens



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Each year, through letterbox companies in the Netherlands, 22 billion euros in interest and royalties are paid to tax havens. This is evidenced by a report from the SEO Research Bureau, presented Tuesday, commissioned by the Ministry of Finance. Starting in 2021, to attack mailbox companies, the Netherlands will impose an additional tax on these cash flows.



See also: It is more difficult to avoid withholding taxes, is stated in the coalition agreement. It is the first time that the financial flow of this cash flow is quantified for the first time and what can be the approach of tax evasion.

According to SEO, about 200 billion euros in interest, royalties and dividends went to the Netherlands in 2016. About 10% of them end up in 22 countries that consider the countries As a tax haven, such as Bermuda and the Cayman Islands. The remaining 90% will go to countries that are, according to the Netherlands, connected, such as the European States and the United States. The border for good or bad places the Netherlands at a corporate tax rate of 7%

The Treasury does not yield anything

"Our country should not be used for a transfer in tax havens, "said state secretary Menno Snel (Finance, D66). The roughly 180 million euros that end up in the "right" countries is by definition not irrefutable. According to the Ministry, tax evasion also applies to these cash flows. The Netherlands is already working with dozens of other countries to combat this circumvention.

According to SEO, the Netherlands has 15,000 mailbox companies. Mailbox companies affected by the withholding tax are expected to quickly cancel their operations in the Netherlands. The Dutch Treasury does not lose anything with the new tax.

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