Monday, May 9, 2016

UN Think Tank: Billions of Dollars Diverted via the Netherlands

Letterbox companies have deposited about $221 billion dollars in countries with low tax rates, in particular Luxembourg and the Netherlands.  Tax Justice International says that there are more than 20,000 such letterbox companies in Amsterdam which benefit from low Dutch taxes.  As a result, tax authorities worldwide may lose billions of Euros in tax.

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