Netherlands, EU - Nov 14

The Netherlands is under increasing scrutiny for its adoption of tax laws making it a “haven” for foreign firms. The European Union has criticized Dutch law in that it may be guilty of providing illegal government aid to firms. A popular loophole, which is being closed, allows subsidiaries owned by foreign firms to transfer funds between two Irish firms to a Dutch firm known as a “Double Irish and a Dutch Sandwich.” About one-sixth of American foreign investment flows to the Netherlands, a sum disproportionately large for the size of its economy and population.

Source: The New York Times