Tax office fines tax dodgers €430m
People who have used complicated constructions involving foreign trusts and bank accounts have been fined €430m for tax dodging over the past three years, junior finance minister Frans Weekers said on Tuesday.
The tax office has been paying particular attention to such constructions, which can be difficult to track down because they usually have a local in charge of the trust.
Some 90% of the fines have been paid, Weekers said in a statement.
Earlier this month, the minister said an amnesty on illegal foreign savings had resulted in 10,000 people declaring a total of €3.1bn. This generated some €600m for the treasury, Weekers said.
The fine for people who come clean about illicit bank accounts currently amounts to 30% of the total. However, if the account is traced by tax officials, the fine can mount up to 300%.
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