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Research Handbook on Money Laundering

Research Handbook on Money Laundering

Elgar original reference

Edited by Brigitte Unger and Daan van der Linde

Although the practice of disguising the illicit origins of money dates back thousands of years, the concept of money laundering as a multidisciplinary topic with social, economic, political and regulatory implications has only gained prominence since the 1980s. This groundbreaking volume offers original, state-of-the-art research on the current money laundering debate and provides insightful predictions and recommendations for future developments in the field.

Chapter 23: Is the Netherlands a tax h(e)aven?

Lotte Tromp, Iris van Rossum, Andreas Buehn and Victor van Kommer

Subjects: economics and finance, economic crime and corruption, law - academic, corruption and economic crime, politics and public policy, terrorism and security


Every now and then newspaper reports naming the Netherlands as a tax haven pop up as brands like Ikea, Prada, Microsoft or The Rolling Stones are all seen to be located in the Netherlands, partly to take advantage of the Dutch fiscal regime. On May 4, 2009, President Obama called the Netherlands a low tax country because one third of US companies’ profits from abroad come from just three jurisdictions: Bermuda, Ireland and the Netherlands (The White House 2009). The media later replaced this phrase by the term ‘tax haven’ (De Volkskrant 2009; NRC Handelsblad 2009). Afraid of the consequences, this statement resulted in immediate protests by the Dutch government, claiming the Netherlands should not be mentioned together with preferential regimes or even true tax havens. As a result, the entire sentence was retroactively removed from the press release the next day and a few weeks later no one was talking or writing about it anymore. This, however, seems to be a general taxonomy: as soon as such statements pop up they disappear from the media attention and the political agenda, only to come back as shocking news just a few months later. Indeed, in October 2009 the Dutch TV program Zembla had been broadcast on national television under the heading ‘Obama was right.

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