Dutch Shell Companies May Face Measures to Cut Off Russian Money
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The Dutch Green Left and Labor parties want to further limit the use of shell companies in the Netherlands by wealthy Russians and businesses by abolishing trust offices altogether.
The two parties came up with a list of measures to make the Netherlands less attractive for criminal money and companies seeking to evade taxes, according to a proposal seen by Bloomberg. It includes a call for more transparency among tax authorities, in addition to the proposed ban on trust offices.