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[Music] this is the Netherlands a fine country full of flowers windmills and loose regulations around the finer things in life this country is in many ways like a lot of very developed European countries where you have explored earlier on the channel very high living standards good social mobility a strong economy and healthy levels of inequality but the Netherlands hides a bit of a secret behind its lovely flowery smile it is one of the largest tax havens in the world but how does this make sense the Netherlands has a high income tax rate of over 50% for top earners it has a corporate tax rate of 25% and theyre not even particularly strict laws around things like banking privacy in countries like Switzerland for example so all this is making the Netherlands sound like a pretty terrible tax haven all in all so why is it so popular well as with everything to do with taxation of international entities like multinational corporations it is complicated majorly complicated a lot of this