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You have to be wealthy to access this special tax break :)
by CodeGlitch 5y ago
You have to be wealthy to access this special tax break :)
- Arnt 5y agoBeing wealthy doesn't help. You have to be outside the Netherlands and have your income outside the Netherlands.
- refurb 5y agoExactly. The tax haven aspect is mostly the level of transparency with other countries. If you're from a non-Western country (because there is data sharing among EU and US/Canada to some extent) have $10M and decide to invest it in the Netherlands or another tax haven, it's pretty unlikely the Netherlands is going to be all that helpful in sharing that relevant information with your home country so they can actually collect taxes. If you're actually a legal resident of the Netherlands well that doesn't help you at all since the Netherlands gov't has complete visibility into financial transactions within the country. Same with the US. Great place to hide money if you're from certain countries since Uncle Sam doesn't give two shits if some countries can't collect taxes.