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Europe takes aim at deals struck to escape taxes

Focus on favourable and often secretive tax arrangements between MNCs and tax authorities

Danny Hakim  |  London 

American companies have plowed more money into the Netherlands than any other country in the world - for five years running. This does not reflect a new fascination with pot or pancakes. It is about the taxes, or lack of them. The laws in Netherlands shield a variety of profits from taxation, making it attractive for big multinational companies (MNCs) like Starbucks, Google and IBM to set up offices. Even rock stars like the Rolling Stones and U2 have taken advantage of Dutch tax shelters. The same goes for Luxembourg, Bermuda, Ireland and the British Caribbean countries like the Cayman ...

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First Published: Sat, November 15 2014. 21:20 IST