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'Bank may refuse DNB customers in the event of legal tax avoidance'

2019-08-07T05:51:55.079Z

Banks must check from De Nederlandsche Bank (DNB) whether their customers are avoiding tax. According to DNB, if customers engage in tax avoidance, that is sufficient reason to refuse them, writes Het Financieele Dagblad (FD) on Wednesday.



Banks must check from De Nederlandsche Bank (DNB) whether their customers are avoiding tax. According to DNB, if customers engage in tax avoidance, that is sufficient reason to refuse them, writes Het Financieele Dagblad ( FD ) on Wednesday.

According to FD, banks are not happy with this, they urged the regulator not to classify tax avoidance as risk, because avoidance is legal.

However, DNB did not respond to the banks' call. Banks must check their clients of the central bank for tax evasion in order to detect tax evasion. Tax evasion is illegal in the Netherlands.

In addition, tax avoidance can damage confidence in the financial sector and damage the reputation of banks, according to FD .

Source: nunl

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