[OpenSpending] €278bn through shell companies in Netherlands

Fri Jun 21 08:54:00 UTC 2013

Hi all,

You could start with requesting the list of identified companies the
newspaper Volkskrant gathered and researched early this year:
http://www.volkskrant.nl/vk/nl/2664/Nieuws/article/detail/3381348/2013/01/23/Buitenlandse-bedrijven-sluisden-in-2011-zeker-57-miljard-door-Nederland.dhtml

You could also go through the report the news clipping Jonathan linked to
is based on. Find the PDF at bottom of this page:
http://www.hollandfinancialcenter.com/news.php?id=2628&language=NL
A broader range of documents, including annexes, is available from the
organisation that did the research SEO :
http://www.seo.nl/pagina/article/uit-de-schaduw-van-het-bankwezen/ See PDFs
at bottom of page.

It seems that the research is based on 2010 numbers. The newspaper research
mentioned above is based on 2011 numbers.

It seems the 278 billion mentioned in the news article is not a good
indicator, as the report itself talks about 153 billion Euro incoming, and
125 billion outgoing (153+125=278). So while 28 billion remains in the
Netherlands, 125 billion is apparently simply pushed through the
Netherlands.  65% divident, 25% interest, 10% royalties make up that amount.

Contribution to Dutch economy is 3 billion in terms of tax, salaries and
services paid. Which I think seems a good indicator that not a lot of tax
is paid on this money (3 billion on 125 billion)

best,

Ton

---------------------------------------------------------------------------
Interdependent Thoughts
Ton Zijlstra

ton at tonzijlstra.eu
+31-6-34489360

http://zylstra.org/blog

---------------------------------------------------------------------------

On Thu, Jun 20, 2013 at 2:58 PM, Anders Pedersen
<anders.pedersen at okfn.org>wrote:

> Thanks Jonathan,
>
> From the article:
> "12,000 multinational holding companies, of which 75% are based at trust
> offices"
>
> It would be interesting to map the density of the trust offices across the
> country. As we can pull Dutch company data including addresses from
> Opencorporates and as the Dutch postal codes are very small entities, it
> should be possible to map this.
>
> When it comes to access to corporate financial data in NL, things are, as
> far as I know, much more complicated. Opencorporates is pulling information
> from the Securities and Exchange Commission, SEC (US) and this could
> possibly be one of the best sources of Dutch corporate financial
> information at the moment.
>
> Anders
>
> On 20 June 2013 07:46, Jonathan Gray <jonathan.gray at okfn.org> wrote:
>
>> Apparently "€278bn flow through shell companies based in the Netherlands
>> every year". [1]
>>
>> Wonder if this is something that any OpenSpending folks in NL have looked
>> into?
>>
>> All the best,
>>
>> Jonathan
>>
>> [1]
>> http://www.dutchnews.nl/news/archives/2013/06/the_netherlands_is_not_a_tax_h.php
>>
>> --
>>
>> Jonathan Gray
>>
>> Director of Policy and Ideas  | *@jwyg <https://twitter.com/jwyg>*
>>
>> The Open Knowledge Foundation <http://okfn.org/>
>> *
>>
>> Empowering through Open Knowledge
>>
>> okfn.org  |  @okfn <http://twitter.com/OKFN>  |  OKF on Facebook<https://www.facebook.com/OKFNetwork> |
>> Blog <http://blog.okfn.org/>  |  Newsletter<http://okfn.org/about/newsletter>
>> *
>>
>> _______________________________________________
>> openspending mailing list
>> openspending at lists.okfn.org
>> http://lists.okfn.org/mailman/listinfo/openspending
>> Unsubscribe: http://lists.okfn.org/mailman/options/openspending
>>
>>
>
>
> --
> *
>
> Anders Pedersen
>
> Community Coordinator  |  skype: anpehej  |  @anpe <https://twitter.com/>
>
> The Open Knowledge Foundation <http://okfn.org/>
>
> Empowering through Open Knowledge
>
> http://okfn.org/  |  @okfn <http://twitter.com/OKFN>  |  OKF on Facebook<https://www.facebook.com/OKFNetwork> |
> Blog <http://blog.okfn.org/>  |  Newsletter<http://okfn.org/about/newsletter>
>
> *
>
> OpenSpending | http://openspending.org | @openspending<http://twitter.com/openspending>
>
> School of Data | http://schoolofdata.org | @schoolofdata<http://twitter.com/schoolofdata>
>
>
> *
>
> **
>
> *
>
> _______________________________________________
> openspending mailing list
> openspending at lists.okfn.org
> http://lists.okfn.org/mailman/listinfo/openspending
> Unsubscribe: http://lists.okfn.org/mailman/options/openspending
>
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.okfn.org/pipermail/openspending/attachments/20130621/357ce082/attachment.html>