Will the UK win in the Netherlands in the corporate battle?

After Unilever, which chose London as its headquarters last month, Shell also hinted at it at the end of last week FD Regarding the possible relocation of the headquarters to the United Kingdom. Anglo-Dutch software group RELX actually made that choice two years ago, and for Shell the main pain point is that the profit tax abolition is over.

In some British newspapers, the news of Shell and Unilever was celebrated as a victory – thanks to or in spite of Brexit – with headlines like Fix the rest In the Expression at London can accept Unilever’s decision In the Financial times.

What does this say about the business climate in the Netherlands?

One leg in the UK

“We seem to be pressing the head offices across borders with annoying rhetoric and financial measures that put us at a disadvantage. Other countries are absorbing these companies,” says Hans de Boer, president of VNO-NCW.

The Ministry of Economic Affairs just wants to say the following: “The good business climate for companies, as well as for companies operating internationally such as Shell, is of great importance for the Dutch economy. The government is taking indications about this seriously. We also regularly discuss this with many companies. “

But according to tax law professor Jan van de Strick, this doesn’t say much about the general business climate in the Netherlands. “Unilever and Shell both already have their feet in the UK. Then you will continue to have your DNA problem, whether it’s Dutch or British. As for other companies in the Netherlands, I don’t see any major hurdles in our tax system to stay here.”

See also  London signs the biggest trade deal since Brexit | Economy

Harm Jean de Clover, professor of corporate law, doesn’t see this as an introduction either. “Shell is really an English company, and its head office is in the Netherlands. It was different at Unilever, they have a British and Dutch company. And it’s basically the same thing: they are partly British. Then obviously .. the question that arises is which country you choose for sure. “.

Leave a Reply

Your email address will not be published. Required fields are marked *