2023-08-23 05:54:00
Thanks to a very favorable agreement with the Swiss tax authorities, the temporary work giant seems to have paid practically no tax on this windfall which, for years, has been channeled to Switzerland. The claims of the ISI relate to an amount of 72.68 million euros for all the companies involved.
It turns out that for years the Belgian Randstad companies have been paying interest to the Swiss branch of the Randstad group which lends them money. Thanks to a very favorable “ruling” in Switzerland, Randstad only has to pay 1.87% tax on interest flowing to this country. Randstad companies do not pay any tax on this amount in our country, since they are officially taxed in Switzerland.
According to the ISI, the assembly is artificial: the Belgian companies of Randstad would not really need these loans. The structure would have been mainly designed to avoid paying the withholding tax in Belgium.
The Dutch-speaking court of first instance in Brussels has already ruled in favor of the ISI at the beginning of 2023. Randstad will appeal its court decision. Randstad’s Belgian companies have already paid a large part of the disputed 72 million euros in taxes. If the group ultimately wins the case, it will recover these amounts from the State.
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