Companies
Dutch Railways moves €250m by liquidating Irish firms after tax avoidance row
The Dublin companies were the subject of fierce criticism in the Netherlands
The Dutch state railway company has moved €250 million back to the Netherlands after liquidating two Irish corporate entities at the centre of a major international tax avoidance row.
Nederlandse Spoorwegen previously used two Irish firms – NS Financial Services and NS Financial Services Holdings – to hold the leases for many of the trains used on the Dutch rail network.
The Irish entities would then charter the leases back to its parent company. Because ...
