Rolling Stones and the Netherlands

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Most people think that tax havens are small islands with palm trees, remote from anywhere.

But that just isn't true. For example, Accountancy Age has reported how the Rolling Stones have used the Netherlands to reduce the tax rate on tier royalties to under 2% in the last 20 years by locating their royalty collecting company in the Netherlands.

The Netherlands is a tax haven. It's a serious tax haven. It set out to be so. That remains its objective. And I'll be saying quite a lot more about this over the coming month or two. Watch this space....

Which does however beg the question - how the heck can we expect people to pay tax when many of the government's of the world are dedicated to ensuring they don't? MAD (mutually assured destruction) was a feature of the Cold War. But it's just as relevant to international tax.