American companies have plowed more money into the Netherlands than any other country in the world — for five years running.
The laws in Netherlands shield a variety of profits from taxation, making it attractive for big multinational companies like Starbucks, Google and IBM to set up offices. Even rock stars like the Rolling Stones and U2 have taken advantage of Dutch tax shelters.
Read more: The Tax Attraction Between Starbucks and the Netherlands - NYTimes.com
This does not reflect a new fascination with pot or pancakes. It is about the taxes, or lack of them.
The laws in Netherlands shield a variety of profits from taxation, making it attractive for big multinational companies like Starbucks, Google and IBM to set up offices. Even rock stars like the Rolling Stones and U2 have taken advantage of Dutch tax shelters.
The
same goes for Luxembourg, Bermuda, Ireland and the British Caribbean
countries like the Cayman Islands. Along with the Netherlands, those
places rank among the top destinations for foreign direct investment
from the United States, according to a review of data collected by the
Bureau of Economic Analysis that shows how entrenched tax avoidance
strategies have become.
Read more: The Tax Attraction Between Starbucks and the Netherlands - NYTimes.com
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