\n \n \n “. concat(self. i18n. t(‘search. voice. recognition_retry’), “\n
AMSTERDAM (Reuters) – The Dutch government said on Tuesday that tax evasion — in the form of cash funneled through the Netherlands into tax havens — has declined particularly since 2019, bringing up central bank data.
In a letter to Parliament, the Ministry of Finance estimated that money flows from the Netherlands to countries with very low tax rates were reduced by 85%, from €38. 5 billion ($40. 5 billion) in 2019 to €6 billion in 2021.
In 2021, the Dutch government began levying a tax on outgoing interest and royalty bills to countries that have a tax rate below 9%, following complaints from tax fairness advocates and pressure from other governments.
It will impose a dividend tax on low-tax jurisdictions from 2024.
“Our fight against tax evasion is over, there are still too many shell corporations in the Netherlands,” Deputy Finance Minister Marnix van Rij said in a statement.
“The company will deepen its cooperation with other countries to combat abuses through corporations that act as a funnel. “
In 2020, the government stated that its previous estimates of money flows from the Netherlands to low-tax countries were too low.
He said the explanation for this was that research conducted on his behalf through search engine optimization Amsterdam Economics had only analyzed invoices made each year and did not take into account retained earnings that would be paid later.
($1 = 0. 9514 euros)
(Reporting through Tothrough Sterling; Editing via Alison Williams)