Date: 22/04/2018

The Dutch state railway is under serious fire for leasing its trains in low-tax Ireland. And it's not the only operator to do so. In recent years, the Dutch have been horrified to discover that while they buy their train tickets from a state-owned company, a significant chunk of the money has been funnelled through Ireland. That's because NS Financial Services, 100% owned by NS, bought the trains, then leased them back to NS, while being incorporated in Ireland. In doing so, its profits have come under Ireland's 12.5% company tax rate, rather than the 25% prevailing in the Netherlands.

External links

Abellio, NS and why the Amsterdam express always goes via Dublin

The Guardian

The Dutch state railway is under serious fire for leasing its trains in low-tax Ireland. And its not the only operator to do so