[OpenSpending] €278bn through shell companies in Netherlands

[Ton Zijlstra]

It may also be safe to assume that all of the 147 transnational
corporations identified in this network study
http://www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0025995#s5would
be involved somewhere.

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Interdependent Thoughts
Ton Zijlstra

ton at tonzijlstra.eu
+31-6-34489360

http://zylstra.org/blog

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On Fri, Jun 21, 2013 at 10:54 AM, Ton Zijlstra <ton.zijlstra at gmail.com>wrote:

> 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
>>>
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>>
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>>
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