The now bankrupt independent bank DSB used a Swiss-based unit to avoid paying value added tax in the Netherlands like ING, the Financieele Dagblad reports on Wednesday, quoting banking sources.

Earlier this week the paper revealed that ING saved millions of euros in tax by channeling payments to IT and staffing agencies via Switzerland.
And economic affairs minister Maria van der Hoeven told MPs on Tuesday night a second bank was using a similar set-up. ‘The tax office intervened in that case,’ the minister said.
Investigation
ING has now rerouted contracts back to the Netherlands, the FD said. Nevertheless, the tax office is investigating whether the finanancial services group broke the law and should pay the tax after all.
Sources told the paper DSB was ordered to stop the practice because it was not an international operation and there was no justification for Swiss payments.
But ING suppliers have told the paper they were put under great pressure to cooperate with the Swiss route by stating on bills that the services took place in Switzerland, not the Netherlands.
One supplier told the paper he had refused to route a €200m contract via Switzerland. ‘The entire construction was shaky,’ he told the paper.