Consumers left in the cold at Dutch Institute for Financial Disputes

Consumers and small entrepreneurs who have a complaint against their bank or insurer, can submit it to the Dutch Institute for Financial Disputes “Klachteninstituut Financiële Dienstverlening” (Kifid), as an alternative for the civil court. This institute claims to offer easy access, but complainants find themselves in a position against professional lawyers in cases that become …

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Shoe brand Crocs found alternative route to continue avoiding taxes through the Netherlands

Footwear company Crocs bypasses European and US efforts to end a widely used form of tax avoidance in the Netherlands. Due to interventions by both Brussels and Washington, the Dutch CV/BV structure is no longer fiscally attractive for U.S. companies as of 2020. Crocs had been using that route since 2006. By shifting trademark rights, …

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