The Netherlands, Ireland, Luxembourg and Cyprus are among the worst 15 tax havens in the world, the NGO Oxfam concluded in a report published on Monday 12 December.
The Netherlands made it onto this list by virtue of its tax incentives, a withholding tax of 0% and "evidence of large-scale profit shifting". Oxfam calculates that the Dutch pro-intellectual property scheme, known as the 'innovation box', led to tax losses of €361 million in 2010. "Two years later, this had increased to...