Uber exchanges a letterbox on Bermuda for tax haven in the Netherlands
Once again there is a large multinational who has noticed the benefits of tax haven in the Netherlands. Taxi company Uber had a letterbox company on Bermuda, but a mailbox in the Netherlands appears to yield more tax benefits.
The company has moved the intellectual property back to our country. It can count on a tax deduction on the profit of 5.5 billion euros, reports the Bloomberg news agency. Uber has made agreements about this with the tax authorities, so that the deduction is guaranteed. The online taxi company is not yet profitable, but if the company does make a profit, it does not have to pay tax on the first 5.5 billion euros.
The Uber headquarters for non-American activities has been located in Amsterdam since 2013 due to the favorable Dutch tax rates for companies. Like many multinationals, the company has a hand in building structures that can be used to avoid loads on a large scale. And the Netherlands is happy to help.