European Union bigwig Neelie Kroes’ Bahamas tax-dodging


This is a video about a journalist questioning Dutch European Union politician cum corporate capitalist Ms Neelie Kroes, about her management job at Über taxi corporation, after she had claimed she would not get any ‘revolving door‘ job after her term as European Commission member would finish.

Ms Kroes is a member of the pro-Big Business VVD political party. Before she was in the European Commission, she had been in parliament, in the Dutch government, etc.

Translated from Dutch NOS TV:

Bahamas Leaks

After the Panama Papers, documents have been leaked again to the journalists of the Süddeutsche Zeitung [in Germany]. This is about 1.3 million documents from the Chamber of Commerce of the Bahamas for the 1990-2016 period. They have been investigated by investigative reporters from the International Consortium of Investigative journalists (ICIJ). In the Netherlands, journalists of the Financieel Dagblad and Trouw dailies have studied the documents.

Bahamas Leaks: Neelie Kroes’ wrong management job

Today, 20:30

Neelie Kroes was during her time as [European Union] Commissioner of Competition also director of a company in the Bahamas. According to research by the Financieele Dagblad and Trouw.

More than a million documents from the Chamber of Commerce in the Bahamas have been leaked to an international group of investigative journalists. In the Netherlands, journalists from the FD and Trouw examined the documents.

Violation

The documents show that Kroes from 2000 to 2009 was director of a company in the Bahamas. According to the European Commission’s code of conduct that is prohibited and she should have reported it. She failed to do that.

To the FD Kroes admitted, through her lawyer Oscar Hammerstein, that she had formally violated the Code of Conduct for Commissioners.

The company Mint Holdings Ltd. was founded in 2000 by a number of Arab businessmen to buy shares of the US energy company Enron for six billion dollars. Kroes was asked to be co-director. The acquisition failed, but the holding remained. …

That Kroes did not report her management position in the Bahamas is remarkable according to data journalist Gaby de Groot of the FD. “When she was appointed to the European Commission in 2004, there was a lot of attention for her possible corporate links. Now it turns out there was such a case then.”

Kroes told the newspaper she would inform the President of the European Commission Jean-Claude Juncker and “would accept the consequences.” What in this case are the consequences for a former European Commissioner is unclear. According to the Süddeutsche Zeitung Kroes might potentially lose her pension.

How did Neelie Kroes join Mint Holdings?

One of the Arab businessmen who also was a director of Mint Holdings is Amin Badr El-Din. Kroes and Badr El-Din had known each other since 1994. In that year, Kroes tried on behalf of Dutch companies to sell six frigates to the United Arab Emirates.

Because of the interference by Kroes the warship deal failed, as later turned out in a reconstruction by NOVA TV show. Badr El-Din and Kroes, however, became friends. In 2000, Kroes, according to the FD, was asked to participate in Mint Holdings.

British Conservative minister Amber Rudd also in Bahamas Leaks scandal: here.

Jean-Claude Juncker blocked EU curbs on tax avoidance, cables show: here.

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