Randstad has been accused in tax evasion due to ‘extreme favourable deals’ abroad

Staffing company Randstad is contesting tax claims exceeding 72 million euros in Belgium. The Belgian tax authority has accused the company of fiscal abuse due to an extremely favorable deal with the Swiss tax authorities.

The Belgian tax authority had imposed multiple claims on Randstad’s companies there due to profit shifting. A spokesperson for the Dutch staffing group stated that Randstad is appealing a court ruling in which the Belgian tax authority was supported.

According to De Tijd, the Special Tax Inspection (BBI) is accusing Randstad of fiscal abuse. The BBI alleges that Randstad companies are paying only 1.87 percent tax on the interest that the companies divert from Belgium to Switzerland, thanks to an exceptionally favorable deal with the Swiss tax authorities. In Belgium, the Randstad companies do not pay tax on these amounts since they are already taxed in Switzerland. Reportedly, a significant portion of the more than 72 million euros has already been paid by the companies.

A spokesperson for Randstad responded by disputing the inspection’s findings.

“Randstad fully complies with matters related to its tax obligations in its international markets and cooperates with local audits,” he stated. He also mentioned that the staffing conglomerate has shared all relevant information with local authorities.

The author: Margareta STROOT

Margareta Stroot, a multi-talented individual, calls Brussels her home. With a unique blend of careers, she balances her time as a part-time journalist and a part-time real estate agent. Margareta's deep-rooted knowledge of the city of Brussels, where she resides, has proven invaluable in both of her roles. Her journalism captures the essence of the city, while her real estate expertise helps others find their perfect homes in the vibrant Belgian capital.

Related posts

Leave a Comment