Dutch Government Recieves Tax Tip

November 3, 2009 Offshore BankingTax HavensTaxation in Netherlands  No comments

The Dutch Government has received a list containing information on nationals evading taxes with offshore bank accounts.

Jan Kees de Jager, Dutch Deputy Finance Minister, confirmed on October 31st that the Netherland’s Government had signed an agreement which delivers a list of names, account numbers and addresses of several hundred tax evaders, or “black savers” as dubbed by the Dutch government.

According to the Deputy Finance Minister, negotiations with the informant were initiated earlier this year, with an agreement being signed on September 16th. Reliability of the information has already been tested and the legal basis for utilizing the data has already been approved by government lawyers. It has been confirmed by the Dutch government that the informant will be compensated based on the amount of tax liability that they are able to recover. Although, it has already been stated that the payment is capped at “several hundred thousand euros”. The name and nationality of the tipster has also been suppressed by authorities.

The list allegedly contains information regarding offshore accounts with totals averaging €200,000. The largest account is reputed to hold “tens of millions of euros”. Switzerland and the Cayman Islands are the most popular destinations on the list, though Luxemburg and Liechtenstein also harbor some tax evaders.

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