2 ms·
The Netherlands is quite aware that we are considered a tax haven, it's in the news all the time. What most other countries don't like to hear is that multinati
by speleding 6y ago
The Netherlands is quite aware that we are considered a tax haven, it's in the news all the time. What most other countries don't like to hear is that multinationals consider them a tax have not for the low corporate tax rate (it's not the lowest in the EU), but because the tax authority provides a much better service.
In particular, companies can get so called "tax rulings" that allow them to predict exactly how much their tax bill will be, as long as their revenue, depreciations, etc, stay within an agreed upon range.
In many other countries it can take over a year to get a final total on your tax return. This causes headaches for multinationals who need to keep a reserve somewhere to account for the worst possible outcome of that tax bill. I would say that attracting multinationals with better service is fair game.