Netherlands Is the Tax Haven of Choice for Global Arms Dealers
Telesur - Amongst the big companies using the Dutch tax evasion routes are a large number of arms manufacturers and major international defense companies.
The Netherlands is a top tax haven for the world's biggest arms dealers, the Transnational Institute said on Thursday.
The Dutch research group’s statement, accompanied by a new report relying on data from the Dutch Chamber of Commerce, found that six of the world's top 10 biggest arms dealers are based in the Netherlands in order to benefit from its favorable tax and trade system.
Most of the the arms companies are registered through letterbox addresses, with zero or minimal personnel presence in the Netherlands, according to the new publication, “Tax Evasion and Weapon Production.”
“Their almost empty offices and sometimes only having a mailbox allows them to legally pay as little tax as possible,” the report notes.
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