Sixty
percent of the major corporations in Portugal, Spain, Greece and Italy have
formed holding companies in the Netherlands to reduce their tax burden.
According
to research by Het Financiële Dagblad, large numbers of these countries' corporations
with a turnover of two billion euros or more have been doing this since the
early 1990s.
As of late,
the above-mentioned nations are under substantial pressure from the European
Union and the International Monetary Fund to get their tax collection systems
in order.
The
Netherlands recently sent three officials to Greece to give workshops on the
subject.
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