With the Netherlands cracking down on tax evasion, the UK risks increasing isolation
The British overseas territories which already feature at the top of the global tax haven rankings risk becoming even greater facilitators of tax avoidance now that they are no longer constrained by the EU’s Code of Conduct on Business Taxation.
The Netherlands’ “Teflon premier” Mark Rutte has managed, once again, to cling to his job following a childcare benefits scandal, snap elections, and a no-confidence vote. What may not have survived the political turmoil, however, is Rutte’s notoriously business-friendly disposition. Just two years ago, the Dutch PM bent over backwards to keep Anglo-Dutch firm Unilever from moving its headquarters to London, even suggesting scrapping the country’s dividend tax.