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Yahoo, Dell arrangements reveal role of Netherlands as tax haven
Yahoo! Inc. has taken advantage of Dutch laws to quietly funnel millions of dollars to island subsidiaries, Bloomberg News reports, which has cut its worldwide tax bill. The computer maker Dell has used the law to avoid roughly $4 billion in income taxes since 2004. Bloomberg reports that the arrangements demonstrate how the Netherlands have become one of the most important tax havens for multinational companies, and that Dutch parliament is debating the fairness of the country's tax system.