Uber used 50 Dutch shell companies to dodge taxes
businessinsider.com
Uber used 50 Dutch shell companies to dodge taxes
1–10 of 163 posts
Re: Uber used 50 Dutch shell companies to dodge taxes
#2Who is to blame Uber or inferior lawmakers?
Re: Uber used 50 Dutch shell companies to dodge taxes
#3Any details on why 50 instead of 1?
Even if it was to segregate liability for individual pieces of IP, it still seems excessive
Many jurisdictions offer a single entity with segregated limited liability. Specifically “Segregated Portfolio Companies” or Series LLCs offering the same concept in other jurisdictions.
Would seem out of character for the Netherlands not to have this in their catalogue of entities, since they were the first to do the modern share company.
Re: Uber used 50 Dutch shell companies to dodge taxes
#4I'm getting more and more frustrated by my own country's willingness to facilitate this. It just doesn't make any sense. From what I can tell it's all based on old-fashioned debunked economic theories in the same vain as "trickle-down-economy".
There's a growing resistance to the Netherlands as a "Doorsluisland", and our current administration's political turmoil will hopefully provide the momentum for actual change - so hopefully things will change.
Here's a nice (Dutch) article on it. The big take-away with other tax "havens" is that the money doesn't reside / stay in the Netherlands, it's just passed through it. Like Uber did.
Re: Uber used 50 Dutch shell companies to dodge taxes
#5Why this isn't stamped out ruthlessly?
Because of this we don't have good competition. How can you compete with a company that don't pay taxes?
Unless you are backed by bottomless VC, you cannot.
Maybe that's the thing - these big investors and big corporations have money to make sure politicians won't do anything about it.
Re: Uber used 50 Dutch shell companies to dodge taxes
#6Any details on why 50 instead of 1? Even if it was to segregate liability for individual pieces of IP, it still seems excessive Many jurisdictions offer a single entity with segregated limited liability. Specifically “Segregated Portfolio Companies” or Series LLCs offering the same concept in other jurisdictions. Would seem out of character for the Netherlands not to have this in their catalogue of entities, since th…
Some tax havens banned IP holding companies. Why is this not written in international law and closed once and for all?
Re: Uber used 50 Dutch shell companies to dodge taxes
#7I'm getting more and more frustrated by my own country's willingness to facilitate this. It just doesn't make any sense. From what I can tell it's all based on old-fashioned debunked economic theories in the same vain as "trickle-down-economy". There's a growing resistance to the Netherlands as a "Doorsluisland", and our current administration's political turmoil will hopefully provide the momentum for actual change…
> It just doesn't make any sense.
It makes a lot of sense considering the amounts of money that are flowing.
Re: Uber used 50 Dutch shell companies to dodge taxes
#8Who is to blame Uber or inferior lawmakers?
It’s easy to hate the player instead of the game.
Re: Uber used 50 Dutch shell companies to dodge taxes
#9Why this isn't stamped out ruthlessly? Because of this we don't have good competition. How can you compete with a company that don't pay taxes? Unless you are backed by bottomless VC, you cannot. Maybe that's the thing - these big investors and big corporations have money to make sure politicians won't do anything about it.
Yeah, same goes for retail. These practices have been bleeding out smaller businesses throughout the EU for far too long.
Re: Uber used 50 Dutch shell companies to dodge taxes
#10Previous discussion: https://news.ycombinator.com/item?id=27136002. This was on the frontpage of HN a couple of days ago.