The British legal and research association Tax Justice Network, which has a high authority in the analysis of international taxation, has updated its rating of the "tax havens" of the world. In the index, compiled every 2 years and recently published as of 2021, the Netherlands retained a high 4th place among the countries that, according to the organization, allow for tax optimization. This is, first of all, about the reduction of corporate taxes by large international corporations structured using the jurisdiction of the Netherlands. The first 3 places were taken by the British Virgin Islands, the Cayman Islands and Bermuda, while Switzerland, Luxembourg, Hong Kong, Singapore, Jersey and the United Arab Emirates, which are always heard in the context of optimization, take places from 5th to 10th, respectively.
When compiling the rating, the researchers studied the extent to which the tax legislation of the country allows companies to evade taxes and how much money from transnational corporations passes through the country under these schemes. The index assesses the tax and financial systems of each jurisdiction to provide a clear picture of the global drivers of global corporate tax abuse and highlight laws and policies that need to be changed to reduce the scope for abuse in each jurisdiction.
Nalog.nl comment
- "Calculations of the Tax Justice Network are interesting, as they operate with real numbers of tax cuts. It should be noted that the index is a subjective result of research of a public organization. The high position of the Netherlands is largely dictated by the large share of the Dutch jurisdiction in the overall system of international corporate structuring. However, many companies choose a jurisdiction not to optimize taxes. The Netherlands is, first of all, a comfortable and predictable environment and infrastructure for international business of any size.
In particular, in recent years, a trend has been implemented to reduce the tax burden on corporate income tax on companies with moderate results. Thus, a 15% tax, which is low by European standards, is applicable up to a profit threshold of 245.000 euros per year (2021), it is planned to increase the threshold to 395.000 in 2022. An independent court, predictability of the legislator, financial infrastructure, the availability of high-quality business providers are also important for business. services.
Nalog.nl is the provider of these services in your language. Please contact us if you are planning to use the Dutch jurisdiction to conduct business or establish a holding. With us you can register a company in the Netherlands, organize accounting services for BV, get the necessary tax and legal advice” (Sergey Graf, head of B2B direction of Nalog.nl BV).
Publication Date: 26.03.2021
