Banks enable tax avoidance on a large scale via the Netherlands
12 September 2024
New study from Fair Finance The Netherlands examined the financial relationships of Dutch banks with 26 tax-avoiding companies from 2019 to the end of 2023.
The study revealed the at the end of 2023, ABN AMRO and ING had financial relationships with at least 17 companies that actively avoid taxes through the Netherlands. ABN AMRO was even directly involved in the tax avoidance structure at 7 of these companies, ING at 4. These banks therefore play a major role in tax avoidance via the Netherlands.
