- The Dutch tax authority lost an estimated €1.5 billion over ten years due to entrepreneurs disappearing after rapid company liquidations (turboliquidaties).
- Around 70,000 companies were quickly dissolved without paying VAT, payroll, or corporate taxes.
- Turboliquidation is a legal and popular method to dissolve companies rapidly, often without oversight.
- Authorities suspect a small group systematically abuses this process.
- In thousands of cases, assets were sold or tax refunds collected after company dissolution.
Source: taxlive.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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