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Minor correction: Elsevier's headquarters are in Amsterdam for historical reasons, not for tax reasons.
by raphman 15y ago
Minor correction: Elsevier's headquarters are in Amsterdam for historical reasons, not for tax reasons.
- speleding 15y agomy wife used to work as a tax attorney for Elsevier in Amsterdam and while it is true the company was founded in the Netherlands (Haarlem actually), the main reason they are still there are the excellent "tax facilities" (euphemism for a great deal with the tax man).
- hessenwolf 15y agoA surprisingly large number of companies have a 'great deal' with the tax man behind closed doors whether in US or elsewhere. Published corporate tax rates are, admittedly anecdotally but from good sources, not representative of what corporations actually pay. Understandably, a company providing jobs and infrastructure investment in the local area can always strike a deal.
- raphman 15y agoI stand at least partially corrected. Sorry and thank you.