The Dutch government has held a very strict line of complaining whenever the Netherlands is called Tax Haven.
Nonetheless, it has been reported that a major part of the countries foreign income comes from the seats of US companies established in the country.
It is a secret to very little people that the Netherlands has enhanced its advantageous tax regime to attract foreign invest since the 70s.
Regardless the legality and other considerations applicable to the establishment of shell companies, the Netherlands has been a preferred destination for corporations to set “holding companies” in the country without need for activity or substance requirements over the years.
The Netherlands is not the only jurisdiction creating tax advantages for foreign corporation or creating a more “welcoming” environment for foreigners persons looking to significantly reduce tax impact on their activities.
Both the EU and the OECD have been reported to be putting pressure over the government to address the issue or to be named as a Tax heaven among the other countries which have defined tax optimisation as a country pivotal asset.